Power Integrations (NASDAQ:POWI) Director Balu Balakrishnan Sells 53,880 Shares

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 53,880 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $70.71, for a total transaction of $3,809,854.80. Following the completion of the sale, the director owned 522,376 shares in the company, valued at approximately $36,937,206.96. This trade represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Power Integrations Trading Up 18.7%

Shares of POWI opened at $84.09 on Wednesday. The firm has a market cap of $4.69 billion, a P/E ratio of 280.31, a price-to-earnings-growth ratio of 4.31 and a beta of 1.54. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $84.90. The company’s 50-day moving average price is $61.44 and its 200 day moving average price is $48.08.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 earnings per share. Equities research analysts forecast that Power Integrations, Inc. will post 0.64 earnings per share 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 $0.215 dividend. 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 presently 286.67%.

Institutional Trading of Power Integrations

A number of large investors have recently modified their holdings of POWI. Vanguard Group Inc. increased 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 worth $268,573,000 after buying an additional 409,643 shares during the period. State Street Corp increased 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 worth $120,870,000 after buying an additional 518,284 shares during the period. Wellington Management Group LLP increased 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 worth $86,148,000 after buying an additional 162,691 shares during the period. Snyder Capital Management L P increased 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 worth $73,380,000 after buying an additional 1,234,981 shares during the period. Finally, Morgan Stanley increased its holdings in Power Integrations by 1.4% in the fourth quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company’s stock valued at $52,583,000 after buying an additional 20,618 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Benchmark boosted their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research note on Monday, April 6th. Finally, Susquehanna upped their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.50.

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.