Power Integrations (NASDAQ:POWI) VP Gagan Jain Sells 313 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Gagan Jain sold 313 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $51.93, for a total value of $16,254.09. Following the sale, the vice president owned 25,556 shares of the company’s stock, valued at $1,327,123.08. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gagan Jain also recently made the following trade(s):

• On Wednesday, February 25th, Gagan Jain sold 3,481 shares of Power Integrations stock. The stock was sold at an average price of $48.22, for a total value of $167,853.82.
• On Tuesday, February 3rd, Gagan Jain sold 157 shares of Power Integrations stock. The stock was sold at an average price of $45.58, for a total value of $7,156.06.
• On Thursday, January 29th, Gagan Jain sold 995 shares of Power Integrations stock. The stock was sold at an average price of $46.50, for a total value of $46,267.50.

Power Integrations Price Performance

Shares of POWI stock opened at $51.44 on Tuesday. The business’s fifty day moving average price is $47.67 and its 200 day moving average price is $41.96. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $60.12. The firm has a market capitalization of $2.85 billion, a PE ratio of 131.90, a P/E/G ratio of 3.98 and a beta of 1.30.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.Power Integrations’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Equities research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.7%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, February 27th. Power Integrations’s dividend payout ratio is currently 220.51%.

Hedge Funds Weigh In On Power Integrations

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in Power Integrations by 80.9% during the fourth quarter. Invesco Ltd. now owns 242,853 shares of the semiconductor company’s stock worth $8,631,000 after buying an additional 108,599 shares during the period. Vident Advisory LLC lifted its position in Power Integrations by 13.0% during the fourth quarter. Vident Advisory LLC now owns 11,697 shares of the semiconductor company’s stock worth $416,000 after buying an additional 1,349 shares during the period. State of Tennessee Department of Treasury lifted its position in Power Integrations by 6.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,400 shares of the semiconductor company’s stock worth $441,000 after buying an additional 744 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Power Integrations by 20.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 26,362 shares of the semiconductor company’s stock worth $937,000 after buying an additional 4,520 shares during the period. Finally, XTX Topco Ltd purchased a new position in Power Integrations during the fourth quarter worth about $483,000.

Analysts Set New Price Targets

Several analysts have weighed in on POWI shares. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a report on Monday. Benchmark upped their target price on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Susquehanna upped their price objective on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Power Integrations has a consensus rating of “Hold” and a consensus price target of $59.75.

About Power Integrations

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.