Power Integrations Inc. (NASDAQ:POWI) insider Balu Balakrishnan sold 10,000 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $60.01, for a total value of $600,100.00. Following the transaction, the insider now owns 205,730 shares in the company, valued at $12,345,857.30. The sale was disclosed in a document filed with the SEC, which is available at this link.

Balu Balakrishnan also recently made the following trade(s):

  • On Wednesday, September 14th, Balu Balakrishnan sold 5,000 shares of Power Integrations stock. The shares were sold at an average price of $57.73, for a total value of $288,650.00.
  • On Monday, August 29th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The shares were sold at an average price of $58.11, for a total value of $581,100.00.
  • On Friday, August 26th, Balu Balakrishnan sold 3,655 shares of Power Integrations stock. The shares were sold at an average price of $58.90, for a total value of $215,279.50.
  • On Monday, August 22nd, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The shares were sold at an average price of $57.84, for a total value of $578,400.00.
  • On Friday, August 19th, Balu Balakrishnan sold 3,800 shares of Power Integrations stock. The shares were sold at an average price of $57.63, for a total value of $218,994.00.
  • On Monday, August 15th, Balu Balakrishnan sold 6,200 shares of Power Integrations stock. The shares were sold at an average price of $57.35, for a total value of $355,570.00.
  • On Thursday, August 11th, Balu Balakrishnan sold 5,000 shares of Power Integrations stock. The shares were sold at an average price of $57.60, for a total value of $288,000.00.
  • On Monday, August 8th, Balu Balakrishnan sold 5,000 shares of Power Integrations stock. The shares were sold at an average price of $56.10, for a total value of $280,500.00.
  • On Monday, August 1st, Balu Balakrishnan sold 5,600 shares of Power Integrations stock. The stock was sold at an average price of $57.25, for a total value of $320,600.00.
  • On Friday, July 29th, Balu Balakrishnan sold 21,345 shares of Power Integrations stock. The stock was sold at an average price of $59.05, for a total value of $1,260,422.25.

Shares of Power Integrations Inc. (NASDAQ:POWI) opened at 60.86 on Wednesday. The stock’s 50 day moving average price is $57.93 and its 200-day moving average price is $51.78. The company has a market capitalization of $1.76 billion, a PE ratio of 40.47 and a beta of 1.11. Power Integrations Inc. has a 1-year low of $39.53 and a 1-year high of $61.36.

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Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The company had revenue of $97.20 million for the quarter, compared to analysts’ expectations of $91.22 million. Power Integrations had a return on equity of 11.64% and a net margin of 12.36%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, equities analysts predict that Power Integrations Inc. will post $2.33 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $0.52 annualized dividend and a yield of 0.85%. Power Integrations’s payout ratio is 34.44%.

A number of equities research analysts have recently commented on the company. Deutsche Bank AG lifted their target price on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Finally, Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $60.40.

Large investors have recently modified their holdings of the company. Mason Street Advisors LLC purchased a new stake in shares of Power Integrations during the second quarter valued at $282,000. Royal Bank of Canada boosted its stake in shares of Power Integrations by 33.1% in the second quarter. Royal Bank of Canada now owns 28,427 shares of the company’s stock valued at $1,423,000 after buying an additional 7,075 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Power Integrations by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 94,279 shares of the company’s stock valued at $4,721,000 after buying an additional 6,814 shares during the last quarter. Fiera Capital Corp purchased a new stake in shares of Power Integrations during the second quarter valued at $41,542,000. Finally, Arizona State Retirement System boosted its stake in shares of Power Integrations by 2.0% in the second quarter. Arizona State Retirement System now owns 14,974 shares of the company’s stock valued at $750,000 after buying an additional 300 shares during the last quarter. 97.97% of the stock is currently owned by institutional investors.

Power Integrations Company Profile

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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