Insider Selling: Power Integrations Inc (POWI) VP Sells 1,116 Shares of Stock
Power Integrations Inc (NASDAQ:POWI) VP Raja Petrakian sold 1,116 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $63.05, for a total value of $70,363.80. Following the sale, the vice president now directly owns 33,087 shares of the company’s stock, valued at $2,086,135.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Raja Petrakian also recently made the following trade(s):
- On Thursday, February 16th, Raja Petrakian sold 6,459 shares of Power Integrations stock. The stock was sold at an average price of $65.57, for a total value of $423,516.63.
Power Integrations Inc (NASDAQ:POWI) traded down 0.91% during trading on Tuesday, hitting $65.65. The stock had a trading volume of 62,263 shares. Power Integrations Inc has a 1-year low of $45.00 and a 1-year high of $72.65. The company has a market capitalization of $1.93 billion, a P/E ratio of 37.73 and a beta of 1.01. The stock’s 50-day moving average price is $64.75 and its 200-day moving average price is $65.96.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.11. The firm had revenue of $104.70 million for the quarter, compared to the consensus estimate of $102.21 million. Power Integrations had a net margin of 12.36% and a return on equity of 11.71%. Power Integrations’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. Analysts expect that Power Integrations Inc will post $2.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, May 26th. Power Integrations’s dividend payout ratio (DPR) is currently 32.10%.
A number of analysts have commented on the company. Sidoti assumed coverage on Power Integrations in a report on Monday, April 17th. They set a “neutral” rating for the company. Zacks Investment Research lowered Power Integrations from a “hold” rating to a “strong sell” rating in a report on Thursday, February 9th. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $71.00.
Several large investors have recently made changes to their positions in POWI. Keybank National Association OH increased its stake in shares of Power Integrations by 18.5% in the first quarter. Keybank National Association OH now owns 6,925 shares of the semiconductor company’s stock valued at $455,000 after buying an additional 1,081 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Power Integrations during the first quarter valued at $311,000. State of Tennessee Treasury Department increased its stake in shares of Power Integrations by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 26,777 shares of the semiconductor company’s stock valued at $1,761,000 after buying an additional 4,041 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Power Integrations by 25.2% in the first quarter. Parametric Portfolio Associates LLC now owns 62,308 shares of the semiconductor company’s stock valued at $4,097,000 after buying an additional 12,557 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in shares of Power Integrations by 6.2% in the first quarter. Eagle Asset Management Inc. now owns 84,387 shares of the semiconductor company’s stock valued at $5,548,000 after buying an additional 4,958 shares during the period. 96.85% of the stock is 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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