Power Integrations Inc. (POWI) VP Doug Bailey Sells 5,000 Shares
Power Integrations Inc. (NASDAQ:POWI) VP Doug Bailey sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $68.80, for a total transaction of $344,000.00. Following the transaction, the vice president now directly owns 30,726 shares of the company’s stock, valued at approximately $2,113,948.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Doug Bailey also recently made the following trade(s):
- On Monday, October 10th, Doug Bailey sold 960 shares of Power Integrations stock. The stock was sold at an average price of $64.13, for a total transaction of $61,564.80.
- On Monday, September 19th, Doug Bailey sold 460 shares of Power Integrations stock. The stock was sold at an average price of $60.00, for a total transaction of $27,600.00.
- On Wednesday, September 14th, Doug Bailey sold 500 shares of Power Integrations stock. The stock was sold at an average price of $57.70, for a total transaction of $28,850.00.
Power Integrations Inc. (NASDAQ:POWI) opened at 68.35 on Tuesday. The stock’s 50 day moving average is $64.37 and its 200 day moving average is $57.44. Power Integrations Inc. has a 12-month low of $39.53 and a 12-month high of $69.40. The company has a market cap of $1.99 billion, a P/E ratio of 42.93 and a beta of 1.03.
Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.10. Power Integrations had a net margin of 12.57% and a return on equity of 11.90%. The company earned $103.79 million during the quarter, compared to the consensus estimate of $99 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, equities analysts forecast that Power Integrations Inc. will post $2.45 earnings per share for the current year.
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 given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, November 28th. Power Integrations’s dividend payout ratio is 32.50%.
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POWI has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. Stifel Nicolaus reissued a “buy” rating and set a $70.00 target price (up previously from $63.00) on shares of Power Integrations in a research report 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 company has a consensus rating of “Buy” and an average price target of $65.25.
Several large investors have recently modified their holdings of POWI. Prudential Financial Inc. increased its position in Power Integrations by 3.2% in the second quarter. Prudential Financial Inc. now owns 71,599 shares of the company’s stock worth $3,585,000 after buying an additional 2,230 shares during the period. Bank of Montreal Can acquired a new position in Power Integrations during the second quarter worth $175,000. Envestnet Asset Management Inc. increased its position in Power Integrations by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 43,098 shares of the company’s stock worth $2,140,000 after buying an additional 3,762 shares during the period. Eagle Asset Management Inc. increased its position in Power Integrations by 3.2% in the second quarter. Eagle Asset Management Inc. now owns 79,060 shares of the company’s stock worth $3,958,000 after buying an additional 2,466 shares during the period. Finally, First Midwest Bank Trust Division increased its position in Power Integrations by 47.4% in the second quarter. First Midwest Bank Trust Division now owns 7,125 shares of the company’s stock worth $357,000 after buying an additional 2,291 shares during the period. 97.80% of the stock is owned by institutional investors.
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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