Ben Sutherland Sells 731 Shares of Power Integrations Inc (POWI) Stock

Power Integrations Inc (NASDAQ:POWI) VP Ben Sutherland sold 731 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $66.58, for a total value of $48,669.98. Following the completion of the sale, the vice president now owns 37,761 shares in the company, valued at $2,514,127.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ben Sutherland also recently made the following trade(s):

  • On Sunday, December 29th, Ben Sutherland acquired 14 shares of Power Integrations stock. The shares were purchased at an average cost of $73.94 per share, for a total transaction of $1,035.16.
  • On Monday, September 30th, Ben Sutherland purchased 0 shares of Power Integrations stock. The stock was bought at an average cost of $54.05 per share, for a total transaction of $0.00.
  • On Monday, April 1st, Ben Sutherland acquired 1 shares of Power Integrations stock. The stock was purchased at an average price of $42.49 per share, with a total value of $42.49.
  • On Saturday, June 29th, Ben Sutherland acquired 0 shares of Power Integrations stock. The stock was purchased at an average price of $36.77 per share, with a total value of $0.00.
  • On Saturday, March 30th, Ben Sutherland bought 0 shares of Power Integrations stock. The shares were purchased at an average price of $37.05 per share, with a total value of $0.00.
  • On Tuesday, December 31st, Ben Sutherland acquired 18 shares of Power Integrations stock. The stock was bought at an average price of $60.55 per share, with a total value of $1,089.90.
  • On Saturday, September 28th, Ben Sutherland bought 18 shares of Power Integrations stock. The stock was purchased at an average price of $62.49 per share, with a total value of $1,124.82.
  • On Wednesday, November 28th, Ben Sutherland sold 165 shares of Power Integrations stock. The shares were sold at an average price of $61.23, for a total transaction of $10,102.95.

POWI traded up $1.85 during midday trading on Wednesday, reaching $69.97. The company had a trading volume of 1,772 shares, compared to its average volume of 139,458. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 30.67 and a beta of 1.00. Power Integrations Inc has a 12-month low of $47.35 and a 12-month high of $80.50.

Several research analysts have recently commented on POWI shares. Loop Capital cut shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, October 26th. BidaskClub lowered shares of Power Integrations from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 30th. TheStreet lowered shares of Power Integrations from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. ValuEngine upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Northland Securities began coverage on shares of Power Integrations in a report on Monday, November 26th. They set an “outperform” rating and a $66.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $78.50.

Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in shares of Power Integrations during the fourth quarter valued at $54,000. We Are One Seven LLC acquired a new position in Power Integrations during the 4th quarter worth $87,000. ETF Managers Group LLC lifted its stake in shares of Power Integrations by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 1,904 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 258 shares during the period. MML Investors Services LLC acquired a new position in shares of Power Integrations in the 3rd quarter valued at $207,000. Finally, Bank of Montreal Can lifted its stake in shares of Power Integrations by 6.2% in the 4th quarter. Bank of Montreal Can now owns 3,560 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 208 shares during the period. Institutional investors own 99.47% of the company’s stock.

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Power Integrations Company Profile

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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