Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey Sells 8,549 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares of the company’s stock, valued at $5,610,920. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Doug Bailey also recently made the following trade(s):

• On Wednesday, August 21st, Doug Bailey sold 165 shares of Power Integrations stock. The stock was sold at an average price of $67.00, for a total value of $11,055.00.

Power Integrations Price Performance

POWI traded down $0.65 during trading on Wednesday, hitting $63.33. The stock had a trading volume of 506,631 shares, compared to its average volume of 409,421. The company has a 50 day moving average price of $62.33 and a 200-day moving average price of $67.99. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 95.96, a P/E/G ratio of 6.68 and a beta of 1.10. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $89.68.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The company had revenue of $115.84 million during the quarter, compared to analysts’ expectations of $114.83 million. During the same quarter in the previous year, the firm earned $0.35 EPS. Power Integrations’s revenue was down 7.7% on a year-over-year basis. As a group, sell-side analysts predict that Power Integrations, Inc. will post 0.56 EPS for the current fiscal year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.21 dividend. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.33%. Power Integrations’s dividend payout ratio is presently 121.21%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on POWI. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut their target price on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. TD Cowen lowered their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Institutional Investors Weigh In On Power Integrations

Several institutional investors and hedge funds have recently made changes to their positions in POWI. GAMMA Investing LLC increased its position in Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Power Integrations in the 2nd quarter valued at about $63,000. Truvestments Capital LLC bought a new stake in shares of Power Integrations in the 3rd quarter valued at about $87,000. Finally, Quest Partners LLC raised its position in Power Integrations by 23.5% during the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 240 shares during the last quarter.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.