Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) CFO Sells 5,000 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $78.50, for a total transaction of $392,500.00. Following the sale, the chief financial officer now directly owns 85,198 shares of the company’s stock, valued at $6,688,043. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, May 13th, Sandeep Nayyar sold 4,839 shares of Power Integrations stock. The shares were sold at an average price of $77.25, for a total transaction of $373,812.75.
• On Tuesday, April 2nd, Sandeep Nayyar sold 1,946 shares of Power Integrations stock. The stock was sold at an average price of $69.04, for a total value of $134,351.84.

Power Integrations Stock Down 0.8 %

Power Integrations stock traded down $0.59 on Friday, hitting $77.07. The company’s stock had a trading volume of 78,233 shares, compared to its average volume of 406,970. Power Integrations, Inc. has a one year low of $62.13 and a one year high of $99.60. The firm has a market cap of $4.37 billion, a P/E ratio of 84.41, a price-to-earnings-growth ratio of 4.29 and a beta of 1.20. The company has a fifty day moving average price of $70.07 and a 200-day moving average price of $74.53.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, May 30th. Power Integrations’s dividend payout ratio is 86.96%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen raised their target price on Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective on the stock in a research note on Monday, February 26th. Benchmark upped their target price on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Power Integrations has a consensus rating of “Moderate Buy” and an average price target of $87.40.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently added to or reduced their stakes in POWI. GAMMA Investing LLC bought a new stake in Power Integrations during the fourth quarter worth about $26,000. SRS Capital Advisors Inc. grew its position in Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares during the last quarter. Mather Group LLC. acquired a new stake in Power Integrations during the 1st quarter valued at $51,000. Fidelis Capital Partners LLC bought a new position in Power Integrations in the 1st quarter valued at $55,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Power Integrations in the third quarter worth $65,000.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.