Balu Balakrishnan Sells 118,573 Shares of Power Integrations (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 118,573 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $81.72, for a total transaction of $9,689,785.56. Following the completion of the transaction, the director directly owned 403,803 shares of the company’s stock, valued at $32,998,781.16. This trade represents a 22.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Balu Balakrishnan also recently made the following trade(s):

• On Thursday, May 28th, Balu Balakrishnan sold 124,287 shares of Power Integrations stock. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28.
• On Thursday, May 21st, Balu Balakrishnan sold 53,880 shares of Power Integrations stock. The stock was sold at an average price of $70.71, for a total transaction of $3,809,854.80.

Power Integrations Price Performance

Power Integrations stock opened at $84.00 on Friday. The business has a 50 day moving average of $63.79 and a 200-day moving average of $49.05. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $89.00. The company has a market capitalization of $4.68 billion, a P/E ratio of 280.01, a P/E/G ratio of 3.79 and a beta of 1.54.

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

Power Integrations Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Susquehanna upped their price objective on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Stifel Nicolaus increased their target price on shares of Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.50.

More 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.

Institutional Trading of Power Integrations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in POWI. Geneos Wealth Management Inc. increased its position in Power Integrations by 576.3% during the 1st 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 during the period. Hantz Financial Services Inc. increased its position in Power Integrations by 77.6% during the 3rd 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 during the period. Kestra Advisory Services LLC acquired a new stake in Power Integrations during the 4th quarter valued at approximately $36,000. UMB Bank n.a. increased its position in Power Integrations by 61.7% during the 4th 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 during the period. Finally, EverSource Wealth Advisors LLC increased its position in Power Integrations by 125.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 453 shares during the period.

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.