Balu Balakrishnan Sells 124,287 Shares of Power Integrations (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 124,287 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the sale, the director owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, May 26th, Balu Balakrishnan sold 118,573 shares of Power Integrations stock. The stock was sold at an average price of $81.72, for a total transaction of $9,689,785.56.
• 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 Trading Down 3.5%

Power Integrations stock opened at $84.00 on Friday. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $89.00. The stock has a market cap of $4.68 billion, a P/E ratio of 280.01, a PEG ratio of 3.65 and a beta of 1.54. The company has a 50-day moving average price of $63.79 and a 200 day moving average price of $49.05.

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, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million during the quarter, compared to analysts’ expectations of $106.75 million. During the same period last year, the business earned $0.31 earnings per share. Power Integrations’s revenue was up 2.6% compared to the same quarter last year. As a group, analysts forecast that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Dividend Announcement

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

Power Integrations News Roundup

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 Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Snyder Capital Management L P boosted its stake in shares of Power Integrations by 148.8% in 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 purchasing an additional 1,234,981 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Power Integrations by 1,885.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock valued at $33,528,000 after purchasing an additional 895,857 shares during the period. M&T Bank Corp boosted its stake in shares of Power Integrations by 3,635.7% in the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock valued at $26,604,000 after purchasing an additional 728,517 shares during the period. Wellington Management Group LLP boosted its stake in shares of Power Integrations by 35.7% in the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after purchasing an additional 595,404 shares during the period. Finally, State Street Corp boosted its stake in shares of Power Integrations by 18.0% in the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after purchasing an additional 518,284 shares during the period.

Wall Street Analyst Weigh In

POWI has been the subject of several research analyst reports. Stifel Nicolaus increased their target price 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. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research note on Monday, April 6th. Finally, Benchmark increased their target price 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. Three equities research 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, Power Integrations has an average rating of “Hold” and an average target price 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.