Power Integrations Inc (POWI) VP Ben Sutherland Sells 738 Shares

Power Integrations Inc (NASDAQ:POWI) VP Ben Sutherland sold 738 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $66.51, for a total transaction of $49,084.38. Following the completion of the transaction, the vice president now directly owns 44,986 shares of the company’s stock, valued at approximately $2,992,018.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ben Sutherland also recently made the following trade(s):

  • On Monday, January 29th, Ben Sutherland sold 1,460 shares of Power Integrations stock. The shares were sold at an average price of $77.15, for a total transaction of $112,639.00.

Shares of Power Integrations Inc (POWI) opened at $65.60 on Thursday. The firm has a market cap of $1,950.00, a P/E ratio of 73.71 and a beta of 1.17. Power Integrations Inc has a 1-year low of $61.44 and a 1-year high of $86.60.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 1st. The semiconductor company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The firm had revenue of $108.20 million for the quarter, compared to analysts’ expectations of $110.50 million. Power Integrations had a net margin of 6.39% and a return on equity of 12.70%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. research analysts predict that Power Integrations Inc will post 2.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be issued a $0.16 dividend. This is a boost from Power Integrations’s previous quarterly dividend of $0.14. The ex-dividend date is Tuesday, February 27th. This represents a $0.64 annualized dividend and a yield of 0.98%. Power Integrations’s dividend payout ratio (DPR) is 62.92%.

Power Integrations announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 1st that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Large investors have recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in Power Integrations by 14.5% in the second quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 231 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Power Integrations by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock worth $184,000 after purchasing an additional 150 shares in the last quarter. Jane Street Group LLC acquired a new stake in Power Integrations during the third quarter worth approximately $205,000. GSA Capital Partners LLP acquired a new stake in Power Integrations during the second quarter worth approximately $208,000. Finally, Koch Industries Inc. acquired a new stake in Power Integrations during the second quarter worth approximately $209,000. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of Power Integrations from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Drexel Hamilton reissued a “buy” rating and issued a $84.00 price objective on shares of Power Integrations in a research note on Friday, October 27th. Susquehanna Bancshares initiated coverage on shares of Power Integrations in a research note on Wednesday, December 13th. They issued a “neutral” rating and a $80.00 price objective for the company. They noted that the move was a valuation call. Sidoti cut shares of Power Integrations from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $81.40.

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About Power Integrations

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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