Doug Bailey Sells 165 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey sold 165 shares of Power Integrations stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $67.00, for a total value of $11,055.00. Following the transaction, the vice president now owns 94,924 shares in the company, valued at $6,359,908. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Power Integrations Price Performance

Power Integrations stock opened at $67.90 on Friday. The company has a market cap of $3.86 billion, a P/E ratio of 73.81, a price-to-earnings-growth ratio of 5.24 and a beta of 1.11. Power Integrations, Inc. has a fifty-two week low of $59.36 and a fifty-two week high of $89.68. The firm’s 50 day simple moving average is $69.57 and its 200-day simple moving average is $71.31.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The company’s revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. On average, analysts expect that Power Integrations, Inc. will post 0.6 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, August 30th. Power Integrations’s payout ratio is 86.96%.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently bought and sold shares of POWI. GAMMA Investing LLC acquired a new position in shares of Power Integrations in the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. increased its stake in Power Integrations by 369.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares during the period. Mather Group LLC. purchased a new stake in Power Integrations in the 1st quarter worth approximately $51,000. Fidelis Capital Partners LLC purchased a new stake in Power Integrations in the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Power Integrations during the 2nd quarter valued at $63,000.

Analysts Set New Price Targets

POWI has been the topic of several research reports. Susquehanna dropped their price target on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a research report on Thursday, August 8th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Stifel Nicolaus restated a “buy” rating and set a $95.00 target price (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Benchmark cut their price objective on Power Integrations from $90.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.50.

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.