Power Integrations Inc. (NASDAQ:POWI) insider Balu Balakrishnan sold 14,400 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $63.61, for a total value of $915,984.00. Following the completion of the transaction, the insider now directly owns 220,130 shares of the company’s stock, valued at approximately $14,002,469.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, October 3rd, Balu Balakrishnan sold 40,000 shares of Power Integrations stock. The stock was sold at an average price of $63.42, for a total value of $2,536,800.00.
  • On Wednesday, September 28th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $61.70, for a total value of $617,000.00.
  • On Monday, September 26th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $60.57, for a total value of $605,700.00.
  • On Thursday, September 22nd, Balu Balakrishnan sold 40,000 shares of Power Integrations stock. The stock was sold at an average price of $61.97, for a total value of $2,478,800.00.
  • On Monday, September 19th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $60.01, for a total value of $600,100.00.
  • On Wednesday, September 14th, Balu Balakrishnan sold 5,000 shares of Power Integrations stock. The stock was sold at an average price of $57.73, for a total value of $288,650.00.
  • On Monday, August 29th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $58.11, for a total value of $581,100.00.
  • On Friday, August 26th, Balu Balakrishnan sold 3,655 shares of Power Integrations stock. The stock was sold at an average price of $58.90, for a total value of $215,279.50.
  • On Monday, August 22nd, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $57.84, for a total value of $578,400.00.
  • On Friday, August 19th, Balu Balakrishnan sold 3,800 shares of Power Integrations stock. The stock was sold at an average price of $57.63, for a total value of $218,994.00.

Power Integrations Inc. (NASDAQ:POWI) opened at 62.44 on Wednesday. Power Integrations Inc. has a 52 week low of $39.53 and a 52 week high of $64.73. The company has a market cap of $1.80 billion, a PE ratio of 41.52 and a beta of 1.13. The company’s 50-day moving average price is $60.42 and its 200 day moving average price is $53.27.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 28th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The business earned $97.20 million during the quarter, compared to the consensus estimate of $91.22 million. Power Integrations had a return on equity of 11.64% and a net margin of 12.36%. Power Integrations’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. On average, analysts anticipate that Power Integrations Inc. will post $2.33 EPS for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were given a dividend of $0.13 per share. The ex-dividend date was Monday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 0.83%. Power Integrations’s dividend payout ratio (DPR) is presently 34.44%.

Several research analysts recently weighed in on the company. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, July 20th. Deutsche Bank AG raised their target price on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a research note on Thursday, June 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $60.40.

Institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its position in Power Integrations by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 703,868 shares of the company’s stock valued at $34,954,000 after buying an additional 3,556 shares during the period. Bank of Montreal Can bought a new position in Power Integrations during the second quarter valued at approximately $175,000. BlackRock Group LTD increased its position in Power Integrations by 29.8% in the first quarter. BlackRock Group LTD now owns 42,154 shares of the company’s stock valued at $2,094,000 after buying an additional 9,686 shares during the period. BlackRock Inc. increased its position in Power Integrations by 125.5% in the first quarter. BlackRock Inc. now owns 2,142 shares of the company’s stock valued at $106,000 after buying an additional 1,192 shares during the period. Finally, Prudential Financial Inc. increased its position in Power Integrations by 4.4% in the first quarter. Prudential Financial Inc. now owns 69,369 shares of the company’s stock valued at $3,445,000 after buying an additional 2,900 shares during the period. Institutional investors and hedge funds own 97.78% of the company’s stock.

About Power Integrations

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’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

5 Day Chart for NASDAQ:POWI

Receive News & Stock Ratings for Power Integrations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations Inc. and related stocks with our FREE daily email newsletter.