Gagan Jain Sells 313 Shares of Power Integrations (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Gagan Jain sold 313 shares of Power Integrations stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $51.93, for a total transaction of $16,254.09. Following the completion of the sale, the vice president owned 25,556 shares of the company’s stock, valued at $1,327,123.08. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gagan Jain also recently made the following trade(s):

• On Wednesday, February 25th, Gagan Jain sold 3,481 shares of Power Integrations stock. The stock was sold at an average price of $48.22, for a total transaction of $167,853.82.
• On Tuesday, February 3rd, Gagan Jain sold 157 shares of Power Integrations stock. The stock was sold at an average price of $45.58, for a total transaction of $7,156.06.
• On Thursday, January 29th, Gagan Jain sold 995 shares of Power Integrations stock. The stock was sold at an average price of $46.50, for a total transaction of $46,267.50.

Power Integrations Stock Up 0.3%

Shares of POWI stock opened at $51.61 on Wednesday. The company has a 50 day moving average price of $47.79 and a 200-day moving average price of $42.02. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $60.12. The firm has a market capitalization of $2.86 billion, a PE ratio of 132.34, a P/E/G ratio of 3.98 and a beta of 1.30.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The firm had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. During the same period in the previous year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s payout ratio is currently 220.51%.

Institutional Investors Weigh In On Power Integrations

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 536 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 371 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Power Integrations during the fourth quarter valued at approximately $36,000. UMB Bank n.a. lifted its holdings in Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 410 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Power Integrations during the fourth quarter valued at approximately $48,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on POWI shares. Susquehanna upped their price target on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Benchmark upped their price target on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research report on Monday. Finally, Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.75.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.