Power Integrations, Inc. (NASDAQ:POWI) Director Nicholas Brathwaite sold 4,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $80.00, for a total transaction of $320,000.00. Following the sale, the director now directly owns 28,109 shares of the company’s stock, valued at $2,248,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nicholas Brathwaite also recently made the following trade(s):

  • On Monday, June 26th, Nicholas Brathwaite sold 2,000 shares of Power Integrations stock. The stock was sold at an average price of $73.00, for a total transaction of $146,000.00.
  • On Tuesday, June 27th, Nicholas Brathwaite sold 6,000 shares of Power Integrations stock. The stock was sold at an average price of $74.33, for a total transaction of $445,980.00.

Shares of Power Integrations, Inc. (NASDAQ POWI) traded up 0.12% during midday trading on Friday, hitting $82.30. 86,940 shares of the stock traded hands. Power Integrations, Inc. has a 12-month low of $53.18 and a 12-month high of $82.80. The company has a market capitalization of $2.44 billion, a PE ratio of 47.30 and a beta of 1.23. The firm’s 50 day moving average price is $71.06 and its 200 day moving average price is $67.30.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, April 27th. The semiconductor company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.11. The business had revenue of $104.70 million for the quarter, compared to analyst estimates of $102.21 million. Power Integrations had a return on equity of 12.19% and a net margin of 13.07%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. Analysts expect that Power Integrations, Inc. will post $2.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, May 26th. Power Integrations’s dividend payout ratio is 31.29%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its position in shares of Power Integrations by 22.7% in the first quarter. Victory Capital Management Inc. now owns 2,210 shares of the semiconductor company’s stock worth $145,000 after buying an additional 409 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Power Integrations during the first quarter worth approximately $156,000. PEAK6 Investments L.P. purchased a new position in shares of Power Integrations during the first quarter worth approximately $212,000. State of Alaska Department of Revenue raised its position in shares of Power Integrations by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the semiconductor company’s stock worth $213,000 after buying an additional 90 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Power Integrations by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,452 shares of the semiconductor company’s stock worth $227,000 after buying an additional 118 shares in the last quarter. 96.24% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Sidoti raised shares of Power Integrations from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Stifel Nicolaus reissued a “buy” rating and issued a $82.00 price target (up from $75.00) on shares of Power Integrations in a research report on Friday, June 30th. Zacks Investment Research downgraded Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a report on Tuesday, May 30th. Finally, BidaskClub downgraded Power Integrations from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. One 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. Power Integrations currently has a consensus rating of “Buy” and a consensus price target of $74.00.

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.

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

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