Power Integrations Inc. (NASDAQ:POWI) Director Balakrishnan S. Iyer sold 10,000 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $64.16, for a total transaction of $641,600.00. Following the sale, the director now directly owns 21,992 shares of the company’s stock, valued at $1,411,006.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Power Integrations Inc. (NASDAQ:POWI) opened at 65.45 on Tuesday. The firm’s 50-day moving average is $63.17 and its 200-day moving average is $56.04. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 41.11 and a beta of 1.03. Power Integrations Inc. has a 52-week low of $39.53 and a 52-week high of $66.00.

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

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Monday, November 28th. Power Integrations’s dividend payout ratio is currently 32.50%.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Thursday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price objective (up from $63.00) on shares of Power Integrations in a research report on Thursday, October 13th. Finally, Deutsche Bank AG increased their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, July 29th. One investment 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 target price of $65.25.

Institutional investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. increased 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 valued at $449,000 after buying an additional 560 shares in the last quarter. NN Investment Partners Holdings N.V. increased 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 valued at $863,000 after buying an additional 1,073 shares in the last quarter. BNP Paribas Arbitrage SA increased 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 valued at $450,000 after buying an additional 4,731 shares in the last quarter. First Republic Investment Management Inc. increased 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 valued at $504,000 after buying an additional 145 shares in the last quarter. Finally, Panagora Asset Management Inc. increased 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 valued at $9,779,000 after buying an additional 28,278 shares in the last quarter. 97.85% of the stock is owned by institutional investors.

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

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