Power Integrations Inc. (POWI) CFO Sells $10,723.05 in Stock
Power Integrations Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 169 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $63.45, for a total transaction of $10,723.05. Following the completion of the transaction, the chief financial officer now directly owns 40,260 shares in the company, valued at approximately $2,554,497. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Power Integrations Inc. (NASDAQ:POWI) opened at 64.75 on Thursday. Power Integrations Inc. has a 1-year low of $39.53 and a 1-year high of $65.15. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 40.67 and a beta of 1.03. The stock has a 50 day moving average price of $62.96 and a 200 day moving average price of $55.58.
Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, October 27th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.10. Power Integrations had a return on equity of 11.90% and a net margin of 12.57%. The firm had revenue of $103.79 million for the quarter, compared to the consensus estimate of $99 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Analysts predict that Power Integrations Inc. will post $2.45 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.80%. Power Integrations’s dividend payout ratio (DPR) is presently 32.50%.
Several hedge funds have recently added to or reduced their stakes in the company. Profund Advisors LLC boosted its position in Power Integrations by 0.4% in the second quarter. Profund Advisors LLC now owns 5,905 shares of the company’s stock valued at $296,000 after buying an additional 23 shares during the period. Eqis Capital Management Inc. boosted its position in shares of Power Integrations by 0.9% in the third quarter. Eqis Capital Management Inc. now owns 5,865 shares of the company’s stock worth $370,000 after buying an additional 55 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Power Integrations by 4.2% in the third quarter. Victory Capital Management Inc. now owns 1,845 shares of the company’s stock worth $116,000 after buying an additional 74 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Power Integrations by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $641,000 after buying an additional 100 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of Power Integrations by 2.2% in the second quarter. Suntrust Banks Inc. now owns 4,959 shares of the company’s stock worth $247,000 after buying an additional 107 shares during the last quarter. Institutional investors own 98.19% of the company’s stock.
A number of analysts recently commented on POWI shares. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, July 20th. Deutsche Bank AG raised their price target on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $70.00 price target (up from $63.00) on shares of Power Integrations in a research note on Thursday, October 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $65.25.
Power Integrations Company Profile
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.
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