Power Integrations Inc. (NASDAQ:POWI) insider Balu Balakrishnan sold 1,885 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $64.94, for a total value of $122,411.90. Following the transaction, the insider now owns 205,730 shares of the company’s stock, valued at $13,360,106.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, November 10th, Balu Balakrishnan sold 2,221 shares of Power Integrations stock. The stock was sold at an average price of $65.00, for a total value of $144,365.00.
  • On Wednesday, November 9th, Balu Balakrishnan sold 9,431 shares of Power Integrations stock. The stock was sold at an average price of $64.93, for a total value of $612,354.83.
  • 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.

Shares of Power Integrations Inc. (NASDAQ:POWI) opened at 66.10 on Thursday. The stock has a 50 day moving average price of $63.45 and a 200 day moving average price of $56.23. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 41.52 and a beta of 1.03. Power Integrations Inc. has a one year low of $39.53 and a one year high of $66.60.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, October 27th. The company reported $0.72 EPS for the quarter, beating the 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 had revenue of $103.79 million for the quarter, compared to the consensus estimate of $99 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Power Integrations Inc. will post $2.45 EPS for the current year.

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

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

POWI has been the subject of several research analyst reports. Deutsche Bank AG upped their price objective on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 29th. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, November 3rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective (up previously from $63.00) on shares of Power Integrations in a report on Thursday, October 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $65.25.

Several large investors have recently modified their holdings of the stock. Kessler Investment Group LLC bought a new stake in shares of Power Integrations during the third quarter valued at about $101,000. BlackRock Inc. boosted its stake in shares of 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. Victory Capital Management Inc. boosted its stake 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 valued at $116,000 after buying an additional 74 shares during the period. Sit Investment Associates Inc. boosted its stake in shares of Power Integrations by 22.9% in the third quarter. Sit Investment Associates Inc. now owns 2,550 shares of the company’s stock valued at $161,000 after buying an additional 475 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Power Integrations during the second quarter valued at about $175,000. 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

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