Power Integrations Inc. (NASDAQ:POWI) VP Doug Bailey sold 460 shares of Power Integrations stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $60.00, for a total value of $27,600.00. Following the transaction, the vice president now owns 26,759 shares in the company, valued at $1,605,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Doug Bailey also recently made the following trade(s):

  • On Wednesday, September 14th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $57.70, for a total value of $28,850.00.
  • On Tuesday, August 23rd, Doug Bailey sold 192 shares of Power Integrations stock. The shares were sold at an average price of $58.42, for a total value of $11,216.64.
  • On Tuesday, August 9th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $55.76, for a total value of $27,880.00.
  • On Monday, July 11th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $51.25, for a total value of $25,625.00.

Shares of Power Integrations Inc. (NASDAQ:POWI) opened at 60.86 on Wednesday. The company has a 50 day moving average price of $57.93 and a 200-day moving average price of $51.78. Power Integrations Inc. has a 52-week low of $39.53 and a 52-week high of $61.36. The firm has a market cap of $1.76 billion, a P/E ratio of 40.47 and a beta of 1.11.

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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 Zacks’ consensus estimate of $0.51 by $0.09. Power Integrations had a return on equity of 11.64% and a net margin of 12.36%. The firm earned $97.20 million during the quarter, compared to the consensus estimate of $91.22 million. During the same period last year, the business posted $0.47 EPS. The business’s revenue was up 14.0% compared to the same quarter last year. On average, analysts expect that Power Integrations Inc. will post $2.33 earnings per share for the current fiscal year.

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

POWI has been the topic of a number of research reports. Sidoti lowered Power Integrations from a “buy” rating to a “neutral” rating in a report on Thursday, June 23rd. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, July 20th. Finally, Deutsche Bank AG boosted their price target on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 29th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Power Integrations presently has a consensus rating of “Buy” and an average price target of $60.40.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in Power Integrations by 125.5% in the first quarter. BlackRock Inc. now owns 2,142 shares of the company’s stock worth $106,000 after buying an additional 1,192 shares during the period. Bank of Montreal Can bought a new position in Power Integrations during the second quarter worth about $175,000. PineBridge Investments L.P. boosted its position in Power Integrations by 4.1% in the second quarter. PineBridge Investments L.P. now owns 3,653 shares of the company’s stock worth $183,000 after buying an additional 144 shares during the period. Teacher Retirement System of Texas boosted its position in Power Integrations by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,976 shares of the company’s stock worth $199,000 after buying an additional 482 shares during the period. Finally, Globeflex Capital L P bought a new position in Power Integrations during the second quarter worth about $215,000. Hedge funds and other institutional investors own 97.78% of the company’s stock.

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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