Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) CEO Sells 6,012 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan sold 6,012 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.26, for a total transaction of $350,259.12. Following the completion of the sale, the chief executive officer now owns 605,365 shares of the company’s stock, valued at approximately $35,268,564.90. The trade was a 0.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Balu Balakrishnan also recently made the following trade(s):

• On Tuesday, February 4th, Balu Balakrishnan sold 12,507 shares of Power Integrations stock. The stock was sold at an average price of $60.64, for a total value of $758,424.48.

Power Integrations Stock Up 0.8 %

POWI stock traded up $0.48 during midday trading on Tuesday, reaching $58.34. The company’s stock had a trading volume of 369,370 shares, compared to its average volume of 464,369. The business’s 50-day simple moving average is $62.14 and its 200-day simple moving average is $62.95. The stock has a market cap of $3.32 billion, a PE ratio of 102.35, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $81.50.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.9 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on POWI shares. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Susquehanna lowered their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday. Three research 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 stock has an average rating of “Moderate Buy” and an average price target of $78.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after buying an additional 205 shares during the period. MML Investors Services LLC lifted its holdings in Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after acquiring an additional 207 shares in the last quarter. Pacer Advisors Inc. grew its stake in Power Integrations by 2.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock valued at $523,000 after acquiring an additional 230 shares during the period. Finally, Stephens Inc. AR increased its holdings in shares of Power Integrations by 5.8% in the third quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 255 shares in the last quarter.

About Power Integrations

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.