Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta Sells 2,262 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 2,262 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $80.84, for a total transaction of $182,860.08. Following the completion of the transaction, the vice president now owns 44,323 shares of the company’s stock, valued at $3,583,071.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Power Integrations Stock Up 0.9 %

NASDAQ POWI opened at $81.73 on Tuesday. The company has a 50-day simple moving average of $89.64 and a two-hundred day simple moving average of $85.13. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 51.78 and a beta of 1.18. Power Integrations, Inc. has a 12-month low of $59.16 and a 12-month high of $99.60.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $123.22 million during the quarter, compared to analyst estimates of $122.77 million. Power Integrations had a net margin of 17.58% and a return on equity of 12.00%. Equities analysts expect that Power Integrations, Inc. will post 1.17 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. Power Integrations’s dividend payout ratio is currently 48.10%.

Institutional Trading of Power Integrations

Institutional investors have recently modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of Power Integrations by 17.6% during the first quarter. Assetmark Inc. now owns 4,267 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 638 shares during the period. Pacer Advisors Inc. raised its stake in Power Integrations by 144.4% in the fourth quarter. Pacer Advisors Inc. now owns 12,448 shares of the semiconductor company’s stock worth $893,000 after buying an additional 7,354 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Power Integrations by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,194,321 shares of the semiconductor company’s stock worth $85,656,000 after buying an additional 26,122 shares in the last quarter. Shell Asset Management Co. raised its stake in Power Integrations by 390.5% in the fourth quarter. Shell Asset Management Co. now owns 23,136 shares of the semiconductor company’s stock worth $1,659,000 after buying an additional 18,419 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in Power Integrations in the first quarter worth about $270,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on POWI. StockNews.com began coverage on shares of Power Integrations in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Stifel Nicolaus upped their target price on shares of Power Integrations from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $82.00 target price for the company. in a research report on Monday, July 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Power Integrations from $75.00 to $80.00 in a research report on Friday, May 5th. Finally, Susquehanna cut their target price on shares of Power Integrations from $105.00 to $100.00 and set a “positive” rating for the company in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.14.

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.