Power Integrations (NASDAQ:POWI) Hits New 1-Year Low Following Insider Selling

Power Integrations, Inc. (NASDAQ:POWIGet Rating) reached a new 52-week low during mid-day trading on Thursday following insider selling activity. The stock traded as low as $71.44 and last traded at $72.32, with a volume of 26349 shares. The stock had previously closed at $78.12.

Specifically, VP Yang Chiah Yee sold 1,369 shares of Power Integrations stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $77.00, for a total value of $105,413.00. Following the completion of the transaction, the vice president now owns 25,797 shares in the company, valued at approximately $1,986,369. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Nayyar sold 1,875 shares of Power Integrations stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $91.26, for a total value of $171,112.50. Following the completion of the transaction, the chief financial officer now owns 80,140 shares of the company’s stock, valued at approximately $7,313,576.40. The disclosure for this sale can be found here. Insiders have sold a total of 24,287 shares of company stock valued at $2,125,747 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Several equities analysts have issued reports on the stock. Susquehanna Bancshares restated a “buy” rating and issued a $105.00 price objective on shares of Power Integrations in a research note on Friday, April 29th. StockNews.com upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Finally, Susquehanna reiterated a “buy” rating and set a $105.00 target price on shares of Power Integrations in a research note on Friday, April 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $106.80.

The company has a market cap of $4.26 billion, a price-to-earnings ratio of 26.08 and a beta of 1.02. The stock’s fifty day simple moving average is $81.64 and its two-hundred day simple moving average is $85.89.

Power Integrations (NASDAQ:POWIGet Rating) last released its earnings results on Thursday, April 28th. The semiconductor company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. The company had revenue of $182.15 million during the quarter, compared to the consensus estimate of $180.20 million. Power Integrations had a net margin of 24.01% and a return on equity of 19.88%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. Equities analysts predict that Power Integrations, Inc. will post 3.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.99%. Power Integrations’s dividend payout ratio is currently 25.71%.

A number of institutional investors and hedge funds have recently made changes to their positions in POWI. National Bank of Canada FI bought a new stake in Power Integrations in the fourth quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. raised its stake in Power Integrations by 164.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 293 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 182 shares during the last quarter. Covestor Ltd acquired a new position in Power Integrations during the 4th quarter valued at $29,000. Allworth Financial LP raised its stake in Power Integrations by 89.0% during the 1st quarter. Allworth Financial LP now owns 310 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 146 shares during the last quarter. Finally, West Oak Capital LLC raised its stake in shares of Power Integrations by 55.6% in the 1st quarter. West Oak Capital LLC now owns 350 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 125 shares in the last quarter. 98.12% of the stock is currently owned by hedge funds and other institutional investors.

About Power Integrations (NASDAQ:POWI)

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.

Featured Articles

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.