Radu Barsan Sells 186 Shares of Power Integrations Inc. (POWI) Stock
Power Integrations Inc. (NASDAQ:POWI) VP Radu Barsan sold 186 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $64.83, for a total value of $12,058.38. Following the completion of the transaction, the vice president now directly owns 23,778 shares of the company’s stock, valued at approximately $1,541,527.74. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Radu Barsan also recently made the following trade(s):
- On Thursday, August 25th, Radu Barsan sold 250 shares of Power Integrations stock. The stock was sold at an average price of $58.50, for a total value of $14,625.00.
Shares of Power Integrations Inc. (NASDAQ:POWI) opened at 64.75 on Thursday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 40.67 and a beta of 1.03. Power Integrations Inc. has a 52 week low of $39.53 and a 52 week high of $65.15. The firm’s 50-day moving average price is $62.96 and its 200 day moving average price is $55.58.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.10. Power Integrations had a net margin of 12.57% and a return on equity of 11.90%. The firm earned $103.79 million during the quarter, compared to the consensus estimate of $99 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. Analysts expect that Power Integrations Inc. will post $2.45 earnings per share 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. This represents a $0.52 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, November 28th. Power Integrations’s dividend payout ratio is presently 32.50%.
Several hedge funds have recently bought and sold shares of the stock. Princeton Alpha Management LP bought a new stake in Power Integrations during the third quarter valued at $212,000. Emerald Acquisition Ltd. increased its stake in Power Integrations by 8.6% in the third quarter. Emerald Acquisition Ltd. now owns 74,550 shares of the company’s stock valued at $4,700,000 after buying an additional 5,916 shares in the last quarter. California State Teachers Retirement System increased its stake in Power Integrations by 1.0% in the third quarter. California State Teachers Retirement System now owns 58,115 shares of the company’s stock valued at $3,663,000 after buying an additional 600 shares in the last quarter. State of Tennessee Treasury Department increased its stake in Power Integrations by 219.9% in the third quarter. State of Tennessee Treasury Department now owns 72,736 shares of the company’s stock valued at $4,585,000 after buying an additional 50,000 shares in the last quarter. Finally, RobecoSam USA Inc. increased its stake in Power Integrations by 17.4% in the third quarter. RobecoSam USA Inc. now owns 13,500 shares of the company’s stock valued at $851,000 after buying an additional 2,000 shares in the last quarter. 98.19% of the stock is owned by hedge funds and other institutional investors.
POWI has been the topic of several recent research reports. Zacks Investment Research downgraded Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Deutsche Bank AG upped 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 restated a “buy” rating and issued a $70.00 price target (up previously from $63.00) on shares of Power Integrations in a research note on Thursday, October 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Power Integrations 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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