Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan Sells 12,507 Shares

Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the sale, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Power Integrations Price Performance

POWI opened at $59.68 on Friday. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $85.00. The stock has a market cap of $3.39 billion, a P/E ratio of 90.43, a P/E/G ratio of 4.06 and a beta of 1.11. The stock’s 50 day simple moving average is $62.59 and its 200 day simple moving average is $63.40.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. Research analysts expect that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, February 28th. Power Integrations’s payout ratio is currently 147.37%.

Institutional Trading of Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp increased its stake in shares of Power Integrations by 55.6% during the 3rd quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company’s stock worth $2,138,000 after purchasing an additional 12,297 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Power Integrations by 97.5% during the 3rd quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company’s stock valued at $1,669,000 after buying an additional 12,847 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Power Integrations by 214.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock worth $2,684,000 after buying an additional 28,548 shares in the last quarter. UMB Bank n.a. increased its position in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Power Integrations by 89.6% in the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock worth $3,665,000 after acquiring an additional 27,016 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Susquehanna cut their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Company Profile

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.