Power Integrations (POWI) Director Sells $29,600.00 in Stock

Power Integrations (NASDAQ:POWI) Director William George sold 400 shares of the stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $74.00, for a total value of $29,600.00. Following the sale, the director now directly owns 17,191 shares of the company’s stock, valued at $1,272,134. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

William George also recently made the following trade(s):

Get Power Integrations alerts:

On Wednesday, April 18th, William George sold 1,500 shares of Power Integrations stock. The stock was sold at an average price of $72.00, for a total value of $108,000.00. On Monday, March 26th, William George sold 1,500 shares of Power Integrations stock. The stock was sold at an average price of $70.00, for a total value of $105,000.00.

Power Integrations traded down $0.05, reaching $73.20, during trading hours on Wednesday, MarketBeat reports. 119,200 shares of the stock were exchanged, compared to its average volume of 172,241. Power Integrations has a twelve month low of $60.55 and a twelve month high of $86.60. The company has a market cap of $2.16 billion, a P/E ratio of 32.13 and a beta of 1.21.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. Power Integrations had a return on equity of 12.69% and a net margin of 6.44%. The firm had revenue of $103.10 million during the quarter, compared to the consensus estimate of $102.78 million. During the same quarter in the prior year, the firm posted $0.63 EPS. The business’s revenue was down 1.5% on a year-over-year basis. research analysts forecast that Power Integrations will post 2.07 EPS for the current year.

Power Integrations declared that its board has authorized a share repurchase program on Thursday, February 1st that permits the company to buyback $30.00 million in shares. This buyback authorization permits the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 30th. Power Integrations’s dividend payout ratio (DPR) is currently 28.07%.

A number of large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in Power Integrations by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 246,754 shares of the semiconductor company’s stock worth $16,865,000 after acquiring an additional 7,269 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Power Integrations by 213.7% during the 1st quarter. Handelsbanken Fonder AB now owns 194,476 shares of the semiconductor company’s stock worth $13,292,000 after acquiring an additional 132,476 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Power Integrations by 62.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 4,951 shares of the semiconductor company’s stock worth $338,000 after acquiring an additional 1,900 shares during the last quarter. Royal Bank of Canada boosted its position in Power Integrations by 4.3% during the 1st quarter. Royal Bank of Canada now owns 20,998 shares of the semiconductor company’s stock worth $1,435,000 after acquiring an additional 866 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its position in Power Integrations by 13.9% during the 1st quarter. Disciplined Growth Investors Inc. MN now owns 1,386,640 shares of the semiconductor company’s stock worth $94,777,000 after acquiring an additional 169,178 shares during the last quarter. 95.12% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on POWI. Drexel Hamilton set a $84.00 target price on Power Integrations and gave the stock a “buy” rating in a research note on Friday, April 27th. BidaskClub cut Power Integrations from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. ValuEngine raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Zacks Investment Research raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.40.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

Leave a Reply

Your email address will not be published. Required fields are marked *