Insider Selling: Power Integrations (NASDAQ:POWI) Director Sells $149,679.36 in Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Nicholas Brathwaite sold 1,728 shares of Power Integrations stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $86.62, for a total value of $149,679.36. Following the sale, the director directly owned 22,226 shares of the company’s stock, valued at approximately $1,925,216.12. The trade was a 7.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, May 26th, Nicholas Brathwaite sold 6,655 shares of Power Integrations stock. The shares were sold at an average price of $82.71, for a total value of $550,435.05.
• On Wednesday, May 13th, Nicholas Brathwaite sold 6,895 shares of Power Integrations stock. The shares were sold at an average price of $72.41, for a total value of $499,266.95.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $84.00 on Monday. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 280.01, a PEG ratio of 3.65 and a beta of 1.57. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $89.00. The business has a 50 day simple moving average of $63.79 and a 200 day simple moving average of $49.14.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. On average, analysts predict that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Power Integrations’s payout ratio is currently 286.67%.

Key Power Integrations News

Here are the key news stories impacting Power Integrations this week:

• Negative Sentiment: Director Balu Balakrishnan sold 124,287 shares for about $10.7 million, following an earlier sale of 118,573 shares, signaling a meaningful reduction in his position. SEC filing
• Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, adding to a prior sale this week and reinforcing the insider-selling trend. SEC filing
• Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.3 million, further increasing concerns that insiders may see limited near-term upside. SEC filing
• Neutral Sentiment: Recent results were mixed but not weak: Power Integrations beat quarterly EPS and revenue estimates, though growth was modest and earnings declined from a year earlier.
• Neutral Sentiment: The company also announced a quarterly dividend, which may support income investors, but the payout is small relative to the current valuation and does not offset the insider-selling headlines.

Hedge Funds Weigh In On Power Integrations

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Power Integrations by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock valued at $268,573,000 after acquiring an additional 409,643 shares during the period. State Street Corp lifted its stake in shares of Power Integrations by 18.0% during the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after acquiring an additional 518,284 shares during the period. Wellington Management Group LLP lifted its stake in shares of Power Integrations by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock valued at $86,148,000 after acquiring an additional 162,691 shares during the period. Snyder Capital Management L P lifted its stake in shares of Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after acquiring an additional 1,234,981 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Power Integrations by 1.4% during the fourth quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company’s stock valued at $52,583,000 after acquiring an additional 20,618 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have commented on POWI shares. Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Stifel Nicolaus upped their price target on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Susquehanna boosted their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Power Integrations has an average rating of “Hold” and an average price target of $64.50.

About Power Integrations

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.