Power Integrations Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 5,549 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $66.95, for a total transaction of $371,505.55. Following the transaction, the chief financial officer now owns 36,783 shares of the company’s stock, valued at $2,462,621.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sandeep Nayyar also recently made the following trade(s):

  • On Thursday, November 17th, Sandeep Nayyar sold 6,395 shares of Power Integrations stock. The shares were sold at an average price of $66.45, for a total transaction of $424,947.75.
  • On Friday, November 4th, Sandeep Nayyar sold 169 shares of Power Integrations stock. The shares were sold at an average price of $63.45, for a total transaction of $10,723.05.

Power Integrations Inc. (NASDAQ:POWI) traded up 1.25% during midday trading on Wednesday, hitting $68.80. 22,008 shares of the stock traded hands. The stock has a market capitalization of $2.00 billion, a PE ratio of 43.22 and a beta of 1.03. Power Integrations Inc. has a 12-month low of $39.53 and a 12-month high of $68.85. The firm’s 50 day moving average is $63.96 and its 200-day moving average is $56.88.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, October 27th. The company reported $0.72 earnings per share 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 the consensus estimate of $99 million. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. On average, analysts anticipate that Power Integrations Inc. will post $2.45 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Monday, November 28th. Power Integrations’s dividend payout ratio (DPR) is presently 32.50%.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. 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 note on Friday, July 29th. 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 research note on Thursday, October 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $65.25.

A number of hedge funds and other institutional investors have recently bought and sold shares of POWI. Kessler Investment Group LLC bought a new position in Power Integrations during the third quarter worth approximately $101,000. Victory Capital Management Inc. increased its position in Power Integrations by 4.2% in the third quarter. Victory Capital Management Inc. now owns 1,845 shares of the company’s stock worth $116,000 after buying an additional 74 shares during the period. BlackRock Inc. increased its position in 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 during the period. Sit Investment Associates Inc. increased its position in Power Integrations by 22.9% in the third quarter. Sit Investment Associates Inc. now owns 2,550 shares of the company’s stock worth $161,000 after buying an additional 475 shares during the period. Finally, SG Americas Securities LLC bought a new position in Power Integrations during the third quarter worth approximately $212,000. 98.20% of the stock is owned by institutional investors and hedge funds.

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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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