Power Integrations (POWI) Director Sells $108,000.00 in Stock
Power Integrations (NASDAQ:POWI) Director William George sold 1,500 shares of the firm’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $72.00, for a total value of $108,000.00. Following the completion of the sale, the director now directly owns 17,891 shares in the company, valued at approximately $1,288,152. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
William George also recently made the following trade(s):
- On Monday, March 26th, William George sold 1,500 shares of Power Integrations stock. The shares were sold at an average price of $70.00, for a total value of $105,000.00.
Shares of POWI stock opened at $70.85 on Friday. The firm has a market capitalization of $2,082.45, a price-to-earnings ratio of 31.07 and a beta of 1.19. Power Integrations has a fifty-two week low of $60.55 and a fifty-two week high of $86.60.
Power Integrations announced that its board has authorized a stock buyback plan on Thursday, February 1st that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, February 28th were issued a dividend of $0.16 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.64 annualized dividend and a dividend yield of 0.90%. Power Integrations’s dividend payout ratio (DPR) is 28.07%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new stake in shares of Power Integrations during the 4th quarter valued at $898,000. Grandeur Peak Global Advisors LLC boosted its holdings in shares of Power Integrations by 0.8% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 353,040 shares of the semiconductor company’s stock valued at $25,966,000 after acquiring an additional 2,725 shares in the last quarter. Penbrook Management LLC acquired a new stake in shares of Power Integrations during the 4th quarter valued at $691,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Power Integrations during the 4th quarter valued at $224,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Power Integrations during the 4th quarter valued at $4,560,000. 96.69% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Power Integrations from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Sidoti downgraded Power Integrations from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, ValuEngine raised Power Integrations from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $81.40.
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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 offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.
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