Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) CEO Sells 12,507 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the transaction, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. This trade represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Power Integrations Trading Down 2.8 %

Shares of POWI opened at $60.75 on Friday. The firm has a market cap of $3.45 billion, a P/E ratio of 92.05, a price-to-earnings-growth ratio of 4.06 and a beta of 1.11. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $85.00. The company’s 50-day moving average price is $62.59 and its 200 day moving average price is $63.40.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. Equities research analysts forecast that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued 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 was Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.38%. Power Integrations’s dividend payout ratio (DPR) is 127.27%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Susquehanna cut their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Benchmark reaffirmed a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and an average price target of $78.00.

Hedge Funds Weigh In On Power Integrations

Several hedge funds have recently added to or reduced their stakes in POWI. Smartleaf Asset Management LLC increased its stake in Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc increased its stake in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 534 shares during the last quarter. UMB Bank n.a. increased its stake in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares during the last quarter. Truvestments Capital LLC purchased a new position in Power Integrations in the third quarter valued at approximately $87,000. Finally, KBC Group NV increased its stake in Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 432 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.