Power Integrations Inc. (NASDAQ:POWI) Director Alan Bickell sold 6,000 shares of the business’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $68.07, for a total value of $408,420.00. Following the completion of the transaction, the director now directly owns 16,534 shares of the company’s stock, valued at approximately $1,125,469.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Power Integrations Inc. (NASDAQ:POWI) opened at 67.30 on Thursday. The firm has a 50-day moving average price of $64.37 and a 200-day moving average price of $57.44. Power Integrations Inc. has a 52-week low of $39.53 and a 52-week high of $69.40. The company has a market cap of $1.96 billion, a PE ratio of 42.27 and a beta of 1.03.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.10. The company earned $103.79 million during the quarter, compared to the consensus estimate of $99 million. Power Integrations had a return on equity of 11.90% and a net margin of 12.57%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. On average, analysts forecast that Power Integrations Inc. will post $2.45 EPS for the current year.

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

The company also recently declared 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. The ex-dividend date is Monday, November 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. Power Integrations’s payout ratio is 32.50%.

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A number of research analysts recently commented on the company. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $63.00) on shares of Power Integrations in a research note on Thursday, October 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.25.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Power Integrations by 1.1% in the first quarter. State Street Corp now owns 634,473 shares of the company’s stock valued at $31,510,000 after buying an additional 7,116 shares during the last quarter. UBS Group AG increased its position in Power Integrations by 2.6% in the first quarter. UBS Group AG now owns 20,558 shares of the company’s stock valued at $1,021,000 after buying an additional 530 shares during the last quarter. 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 valued at $2,140,000 after buying an additional 3,762 shares during the last quarter. Panagora Asset Management Inc. increased its position in Power Integrations by 16.8% in the first quarter. Panagora Asset Management Inc. now owns 196,930 shares of the company’s stock valued at $9,779,000 after buying an additional 28,278 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its position in Power Integrations by 1.5% in the first quarter. First Republic Investment Management Inc. now owns 10,145 shares of the company’s stock valued at $504,000 after buying an additional 145 shares during the last quarter. Institutional investors own 97.80% 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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