Power Integrations Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 5,119 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $67.75, for a total value of $346,812.25. Following the completion of the transaction, the chief financial officer now owns 37,447 shares of the company’s stock, valued at $2,537,034.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, November 18th, Sandeep Nayyar sold 5,549 shares of Power Integrations stock. The shares were sold at an average price of $66.95, for a total value of $371,505.55.
  • 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 value 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 value of $10,723.05.

Shares of Power Integrations Inc. (NASDAQ:POWI) traded up 0.81% during midday trading on Wednesday, reaching $68.50. The company’s stock had a trading volume of 137,671 shares. The stock has a market capitalization of $2.00 billion, a PE ratio of 43.03 and a beta of 1.03. The stock has a 50-day moving average price of $63.96 and a 200 day moving average price of $56.88. Power Integrations Inc. has a 52 week low of $39.53 and a 52 week high of $69.40.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.72 earnings per share (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 analysts’ expectations of $99 million. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, November 28th. Power Integrations’s dividend payout ratio is presently 32.50%.

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

Several large investors have recently added to or reduced their stakes in the company. Kessler Investment Group LLC bought a new stake in Power Integrations during the third quarter valued at $101,000. Victory Capital Management Inc. raised its stake in 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 in the last quarter. BlackRock Inc. raised its stake in 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 in the last quarter. Sit Investment Associates Inc. raised its stake in 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 in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Power Integrations during the third quarter valued at $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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