Power Integrations (NASDAQ:POWI) Director Balu Balakrishnan Sells 5,581 Shares

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 5,581 shares of Power Integrations stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $46.59, for a total transaction of $260,018.79. Following the completion of the sale, the director owned 585,206 shares in the company, valued at approximately $27,264,747.54. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Power Integrations Trading Up 1.3%

NASDAQ POWI opened at $46.52 on Tuesday. The company has a 50-day moving average price of $39.09 and a two-hundred day moving average price of $41.76. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $68.20. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 150.06, a price-to-earnings-growth ratio of 5.34 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The business had revenue of $118.92 million during the quarter, compared to the consensus estimate of $118.36 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, November 28th. Power Integrations’s dividend payout ratio (DPR) is 270.97%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on POWI shares. Zacks Research lowered shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Benchmark boosted their target price on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Finally, Susquehanna upped their target price on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.00.

Institutional Trading of Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. grew its stake in Power Integrations by 475.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 395 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 536 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Power Integrations by 125.9% during the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 326 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Power Integrations in the second quarter valued at about $40,000. Finally, Global X Japan Co. Ltd. increased its stake in shares of Power Integrations by 98.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 989 shares during the period.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.