Sandeep Nayyar Sells 1,877 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 1,877 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $108,884.77. Following the completion of the sale, the chief financial officer now owns 112,653 shares of the company’s stock, valued at $6,535,000.53. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sandeep Nayyar also recently made the following trade(s):

• On Tuesday, February 4th, Sandeep Nayyar sold 5,152 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total transaction of $312,984.00.

Power Integrations Stock Performance

Shares of POWI opened at $58.34 on Wednesday. The company has a 50-day simple moving average of $62.14 and a 200-day simple moving average of $62.95. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $81.50. The firm has a market capitalization of $3.32 billion, a P/E ratio of 102.35, a P/E/G ratio of 3.96 and a beta of 1.11.

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

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.44%. Power Integrations’s dividend payout ratio (DPR) is currently 147.37%.

Institutional Investors Weigh In On Power Integrations

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in shares of Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares in 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 acquiring an additional 534 shares during the period. UMB Bank n.a. raised its position in Power Integrations by 43.9% in 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. Truvestments Capital LLC bought a new position in Power Integrations during the third quarter worth about $87,000. Finally, KBC Group NV boosted its holdings in Power Integrations by 32.0% during 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 in the last quarter.

Wall Street Analysts Forecast Growth

POWI has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Susquehanna cut their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Finally, StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Power Integrations presently has an average rating of “Moderate Buy” and an average target price of $78.00.

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.