Power Integrations Inc. (NASDAQ:POWI) insider Balu Balakrishnan sold 2,221 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $65.00, for a total value of $144,365.00. Following the sale, the insider now owns 205,730 shares in the company, valued at $13,372,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, November 11th, Balu Balakrishnan sold 1,885 shares of Power Integrations stock. The stock was sold at an average price of $64.94, for a total value of $122,411.90.
  • 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.

Power Integrations Inc. (NASDAQ:POWI) opened at 66.10 on Thursday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 41.52 and a beta of 1.03. Power Integrations Inc. has a 52 week low of $39.53 and a 52 week high of $66.60. The firm has a 50-day moving average price of $63.45 and a 200 day moving average price of $56.23.

Power Integrations (NASDAQ:POWI) last released its quarterly 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. 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 analysts’ expectations of $99 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. On average, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, November 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.79%. Power Integrations’s dividend payout ratio (DPR) is presently 32.50%.

POWI has been the topic of a number of recent analyst reports. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, July 20th. Deutsche Bank AG lifted 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. Finally, 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 note on Thursday, October 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $65.25.

Institutional investors have recently made changes to their positions in the stock. Kessler Investment Group LLC purchased a new position in shares of Power Integrations during the third quarter valued at approximately $101,000. BlackRock Inc. raised its position 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. raised 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 valued at $116,000 after buying an additional 74 shares during the period. Sit Investment Associates Inc. raised its position 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 purchased a new position in shares of Power Integrations during the second quarter valued at approximately $175,000. Hedge funds and other institutional investors own 97.85% of the company’s stock.

About Power Integrations

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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