Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey Sells 8,549 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the transaction, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. This trade represents a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Doug Bailey also recently made the following trade(s):

• On Wednesday, August 21st, Doug Bailey sold 165 shares of Power Integrations stock. The shares were sold at an average price of $67.00, for a total transaction of $11,055.00.

Power Integrations Price Performance

NASDAQ POWI opened at $62.11 on Friday. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 94.11, a PEG ratio of 6.86 and a beta of 1.10. The stock’s fifty day moving average price is $62.38 and its 200 day moving average price is $67.95. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The firm had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue was down 7.7% compared to the same quarter last year. Research analysts expect that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.35%. Power Integrations’s payout ratio is currently 121.21%.

Institutional Investors Weigh In On Power Integrations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in shares of Power Integrations by 29.2% in the first quarter. Janney Montgomery Scott LLC now owns 4,039 shares of the semiconductor company’s stock worth $289,000 after buying an additional 914 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Power Integrations by 6.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,287 shares of the semiconductor company’s stock worth $450,000 after purchasing an additional 367 shares during the period. SG Americas Securities LLC purchased a new position in shares of Power Integrations during the 1st quarter valued at approximately $644,000. Inspire Investing LLC lifted its stake in shares of Power Integrations by 7.2% in the 1st quarter. Inspire Investing LLC now owns 5,580 shares of the semiconductor company’s stock valued at $399,000 after purchasing an additional 374 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Power Integrations by 5.0% during the first quarter. ProShare Advisors LLC now owns 214,419 shares of the semiconductor company’s stock worth $15,342,000 after buying an additional 10,301 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. Stifel Nicolaus reissued a “buy” rating and set a $95.00 price target (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. TD Cowen reduced their price objective on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.