Nicholas Brathwaite Sells 1,728 Shares of Power Integrations (NASDAQ:POWI) Stock
by Renee Jackson · The Cerbat GemPower Integrations, Inc. (NASDAQ:POWI – Get Free Report) Director Nicholas Brathwaite sold 1,728 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the transaction, the director owned 22,226 shares in the company, valued at approximately $1,925,216.12. This represents a 7.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Nicholas Brathwaite also recently made the following trade(s):
- On Tuesday, May 26th, Nicholas Brathwaite sold 6,655 shares of Power Integrations stock. The stock was sold at an average price of $82.71, for a total value of $550,435.05.
- On Wednesday, May 13th, Nicholas Brathwaite sold 6,895 shares of Power Integrations stock. The stock was sold at an average price of $72.41, for a total value of $499,266.95.
Power Integrations Price Performance
Shares of POWI opened at $84.00 on Friday. The stock’s 50-day moving average is $63.79 and its two-hundred day moving average is $49.05. The stock has a market cap of $4.68 billion, a PE ratio of 280.01, a P/E/G ratio of 3.65 and a beta of 1.54. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $89.00.
Power Integrations (NASDAQ:POWI – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The business had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Power Integrations, Inc. will post 0.89 earnings per share for the current year.
Power Integrations Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.215 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Power Integrations’s payout ratio is 286.67%.
Institutional Trading of Power Integrations
Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake 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 buying an additional 536 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 371 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Power Integrations during the fourth quarter valued at approximately $36,000. UMB Bank n.a. raised its stake in Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 410 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Power Integrations by 125.5% during the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 453 shares in the last quarter.
Analyst Ratings Changes
Several research analysts recently commented on POWI shares. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Benchmark boosted their price target on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Susquehanna boosted their price target on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Finally, Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research note on Monday, April 6th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Power Integrations currently has an average rating of “Hold” and an average target price of $64.50.
Read Our Latest Report on Power Integrations
Trending Headlines about Power Integrations
Here are the key news stories impacting Power Integrations this week:
- Negative Sentiment: Director Balu Balakrishnan sold 124,287 shares for about $10.7 million, following an earlier sale of 118,573 shares, signaling a meaningful reduction in his position. SEC filing
- Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, adding to a prior sale this week and reinforcing the insider-selling trend. SEC filing
- Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.3 million, further increasing concerns that insiders may see limited near-term upside. SEC filing
- Neutral Sentiment: Recent results were mixed but not weak: Power Integrations beat quarterly EPS and revenue estimates, though growth was modest and earnings declined from a year earlier.
- Neutral Sentiment: The company also announced a quarterly dividend, which may support income investors, but the payout is small relative to the current valuation and does not offset the insider-selling headlines.
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.
Featured Articles
- Five stocks we like better than Power Integrations
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results