Power Integrations Inc. (NASDAQ:POWI) insider Balu Balakrishnan sold 9,431 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $64.93, for a total value of $612,354.83. Following the completion of the sale, the insider now owns 205,730 shares of the company’s stock, valued at approximately $13,358,048.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, November 7th, Balu Balakrishnan sold 23,957 shares of Power Integrations stock. The stock was sold at an average price of $64.94, for a total value of $1,555,767.58.
  • On Friday, October 28th, Balu Balakrishnan sold 4,819 shares of Power Integrations stock. The stock was sold at an average price of $64.94, for a total value of $312,945.86.
  • On Monday, October 10th, Balu Balakrishnan sold 14,400 shares of Power Integrations stock. The stock was sold at an average price of $63.61, for a total value of $915,984.00.
  • 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.

Power Integrations Inc. (NASDAQ:POWI) opened at 64.90 on Monday. Power Integrations Inc. has a 52 week low of $39.53 and a 52 week high of $65.45. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 40.77 and a beta of 1.03. The company’s 50-day moving average price is $63.06 and its 200-day moving average price is $55.76.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.10. Power Integrations had a return on equity of 11.90% and a net margin of 12.57%. The company earned $103.79 million during the quarter, compared to analysts’ expectations of $99 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. Equities analysts forecast that Power Integrations Inc. will post $2.45 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.80%. Power Integrations’s payout ratio is currently 32.50%.

A number of equities analysts have recently weighed in on POWI shares. Zacks Investment Research lowered Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price objective (up previously from $63.00) on shares of Power Integrations in a research note on Thursday, October 13th. Finally, Deutsche Bank AG upped their price objective on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Power Integrations presently has a consensus rating of “Buy” and a consensus target price of $65.25.

Several institutional investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. raised its position in Power Integrations by 6.7% in the second quarter. Capstone Asset Management Co. now owns 8,963 shares of the company’s stock worth $449,000 after buying an additional 560 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in Power Integrations by 6.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 17,231 shares of the company’s stock worth $863,000 after buying an additional 1,073 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Power Integrations by 111.2% in the second quarter. BNP Paribas Arbitrage SA now owns 8,986 shares of the company’s stock worth $450,000 after buying an additional 4,731 shares during the last quarter. First Republic Investment Management Inc. raised its position in Power Integrations by 1.5% in the first quarter. First Republic Investment Management Inc. now owns 10,145 shares of the company’s stock worth $504,000 after buying an additional 145 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in Power Integrations by 16.8% in the first quarter. Panagora Asset Management Inc. now owns 196,930 shares of the company’s stock worth $9,779,000 after buying an additional 28,278 shares during the last quarter. Institutional investors and hedge funds own 97.85% of the company’s stock.

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.

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.