Sandeep Nayyar Sells 5,152 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the sale, the chief financial officer now directly owns 110,394 shares in the company, valued at $6,706,435.50. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Power Integrations Stock Performance

Power Integrations stock opened at $59.68 on Friday. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $85.00. The stock has a market capitalization of $3.39 billion, a P/E ratio of 90.43, a PEG ratio of 4.06 and a beta of 1.11. The stock has a 50-day simple moving average of $62.59 and a 200 day simple moving average of $63.40.

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

Power Integrations Announces Dividend

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

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently made changes to their positions in POWI. AQR Capital Management LLC boosted its holdings in shares of Power Integrations by 6.2% during the second quarter. AQR Capital Management LLC now owns 33,253 shares of the semiconductor company’s stock worth $2,334,000 after acquiring an additional 1,942 shares during the period. Creative Planning boosted its holdings in shares of Power Integrations by 58.6% during the second quarter. Creative Planning now owns 12,459 shares of the semiconductor company’s stock worth $874,000 after acquiring an additional 4,601 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Power Integrations by 9.1% during the third quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock worth $410,000 after acquiring an additional 536 shares during the period. Handelsbanken Fonder AB raised its position in shares of Power Integrations by 56.6% in the third quarter. Handelsbanken Fonder AB now owns 20,202 shares of the semiconductor company’s stock valued at $1,295,000 after buying an additional 7,300 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its position in shares of Power Integrations by 18.8% in the third quarter. Azzad Asset Management Inc. ADV now owns 12,381 shares of the semiconductor company’s stock valued at $794,000 after buying an additional 1,960 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on POWI. Benchmark restated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday. Susquehanna decreased their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Power Integrations has a consensus rating of “Moderate Buy” and a consensus target price 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.