Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey sold 149 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $70.70, for a total transaction of $10,534.30. Following the transaction, the vice president now directly owns 44,827 shares of the company’s stock, valued at approximately $3,169,268.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Doug Bailey also recently made the following trade(s):

  • On Monday, July 3rd, Doug Bailey sold 4,000 shares of Power Integrations stock. The stock was sold at an average price of $72.93, for a total transaction of $291,720.00.

Power Integrations, Inc. (NASDAQ:POWI) traded up 0.96% during midday trading on Friday, hitting $73.55. 135,587 shares of the stock traded hands. The company’s 50-day moving average is $72.92 and its 200-day moving average is $68.06. Power Integrations, Inc. has a one year low of $56.74 and a one year high of $82.80. The company has a market cap of $2.19 billion, a PE ratio of 40.88 and a beta of 1.23.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $107.56 million during the quarter, compared to the consensus estimate of $107.85 million. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. Equities research analysts expect that Power Integrations, Inc. will post $2.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.14 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. Power Integrations’s dividend payout ratio (DPR) is presently 29.95%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in shares of Power Integrations by 181.1% in the first quarter. SG Americas Securities LLC now owns 6,662 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 4,292 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Power Integrations by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,800 shares of the semiconductor company’s stock worth $513,000 after buying an additional 150 shares during the period. Schwab Charles Investment Management Inc. increased its position in Power Integrations by 15.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 142,197 shares of the semiconductor company’s stock worth $9,350,000 after buying an additional 18,538 shares during the period. Mason Street Advisors LLC increased its position in Power Integrations by 8.0% in the first quarter. Mason Street Advisors LLC now owns 6,878 shares of the semiconductor company’s stock worth $452,000 after buying an additional 510 shares during the period. Finally, Stephens Investment Management Group LLC increased its position in Power Integrations by 8.5% in the first quarter. Stephens Investment Management Group LLC now owns 638,810 shares of the semiconductor company’s stock worth $42,002,000 after buying an additional 50,229 shares during the period. Institutional investors and hedge funds own 95.75% of the company’s stock.

A number of research firms recently weighed in on POWI. BidaskClub cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Stifel Nicolaus reissued a “buy” rating and issued a $82.00 price target (up previously from $75.00) on shares of Power Integrations in a research report on Friday, June 30th. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Saturday, June 24th. Sidoti raised shares of Power Integrations from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Finally, Drexel Hamilton set a $84.00 price target on shares of Power Integrations and gave the company a “buy” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $78.50.

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.

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

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