Power Integrations (NASDAQ:POWI) VP Sells $1,306,168.92 in Stock
by Scott Moore · The Cerbat GemPower Integrations, Inc. (NASDAQ:POWI – Get Free Report) VP Sunil Gupta sold 15,894 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the transaction, the vice president directly owned 71,239 shares of the company’s stock, valued at approximately $5,854,421.02. This trade represents a 18.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Power Integrations Stock Up 0.2%
Shares of NASDAQ:POWI traded up $0.17 during midday trading on Thursday, hitting $87.07. 1,773,676 shares of the stock traded hands, compared to its average volume of 1,395,775. The stock has a market capitalization of $4.85 billion, a PE ratio of 290.24, a P/E/G ratio of 3.78 and a beta of 1.54. The business’s 50 day moving average is $63.03 and its two-hundred day moving average is $48.80. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $88.17.
Power Integrations (NASDAQ:POWI – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. As a group, sell-side analysts forecast that Power Integrations, Inc. will post 0.89 earnings per share for the current year.
Power Integrations Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio is 286.67%.
Analyst Ratings Changes
Several brokerages have recently commented on POWI. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Benchmark increased their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research note on Monday, April 6th. Stifel Nicolaus increased their price target on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $64.50.
Check Out Our Latest Stock Report on Power Integrations
Hedge Funds Weigh In On Power Integrations
A number of institutional investors have recently bought and sold shares of POWI. Geneos Wealth Management Inc. grew its holdings in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the period. Hantz Financial Services Inc. grew its holdings in Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares during the period. Kestra Advisory Services LLC purchased a new stake in Power Integrations in the fourth quarter worth about $36,000. UMB Bank n.a. grew its holdings in Power Integrations by 61.7% in the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Power Integrations by 125.5% in the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 453 shares during the period.
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.
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