Power Integrations Inc. (POWI) CFO Sandeep Nayyar Sells 6,395 Shares
Power Integrations Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 6,395 shares of Power Integrations stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $66.45, for a total transaction of $424,947.75. Following the completion of the transaction, the chief financial officer now directly owns 37,021 shares in the company, valued at $2,460,045.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Sandeep Nayyar also recently made the following trade(s):
- On Friday, November 4th, Sandeep Nayyar sold 169 shares of Power Integrations stock. The stock was sold at an average price of $63.45, for a total transaction of $10,723.05.
Power Integrations Inc. (NASDAQ:POWI) traded down 0.07% on Monday, reaching $66.95. 48,552 shares of the company were exchanged. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 42.05 and a beta of 1.03. Power Integrations Inc. has a 52 week low of $39.53 and a 52 week high of $67.80. The stock has a 50-day moving average price of $63.64 and a 200 day moving average price of $56.36.
Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, October 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.10. The company had revenue of $103.79 million for the quarter, compared to analyst estimates of $99 million. Power Integrations had a net margin of 12.57% and a return on equity of 11.90%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS. Analysts forecast that Power Integrations Inc. will post $2.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, November 28th. This represents a $0.52 dividend on an annualized basis and a yield of 0.78%. Power Integrations’s dividend payout ratio (DPR) is presently 32.50%.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased 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 worth $106,000 after buying an additional 1,192 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Power Integrations by 29.8% in the first quarter. BlackRock Group LTD now owns 42,154 shares of the company’s stock worth $2,094,000 after buying an additional 9,686 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Power Integrations by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 703,868 shares of the company’s stock worth $34,954,000 after buying an additional 3,556 shares in the last quarter. State Street Corp increased its stake in shares of Power Integrations by 1.1% in the first quarter. State Street Corp now owns 634,473 shares of the company’s stock worth $31,510,000 after buying an additional 7,116 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Power Integrations by 2.6% in the first quarter. UBS Group AG now owns 20,558 shares of the company’s stock worth $1,021,000 after buying an additional 530 shares in the last quarter. Institutional investors own 98.20% of the company’s stock.
Several research firms have recently commented on POWI. Zacks Investment Research downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Deutsche Bank AG lifted their price objective on shares of 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 reiterated a “buy” rating and set 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 given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus 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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