Power Integrations (NASDAQ:POWI) Director Balu Balakrishnan Sells 6,368 Shares

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 6,368 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $46.53, for a total transaction of $296,303.04. Following the completion of the sale, the director owned 581,251 shares of the company’s stock, valued at $27,045,609.03. This trade represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Balu Balakrishnan also recently made the following trade(s):

• On Tuesday, February 10th, Balu Balakrishnan sold 4,995 shares of Power Integrations stock. The stock was sold at an average price of $47.20, for a total value of $235,764.00.
• On Tuesday, February 3rd, Balu Balakrishnan sold 10,080 shares of Power Integrations stock. The shares were sold at an average price of $44.75, for a total value of $451,080.00.
• On Thursday, January 29th, Balu Balakrishnan sold 5,581 shares of Power Integrations stock. The shares were sold at an average price of $46.59, for a total value of $260,018.79.

Power Integrations Price Performance

POWI stock traded down $0.13 during midday trading on Tuesday, hitting $45.66. The stock had a trading volume of 1,223,258 shares, compared to its average volume of 943,502. The business has a 50-day moving average of $40.60 and a two-hundred day moving average of $41.46. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 117.08, a price-to-earnings-growth ratio of 3.51 and a beta of 1.37. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $68.20.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $103.20 million for the quarter, compared to the consensus estimate of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. Research analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a dividend of $0.215 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, February 27th. Power Integrations’s payout ratio is 215.38%.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Zacks Research downgraded Power Integrations from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Susquehanna upped their price target on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Power Integrations has an average rating of “Hold” and a consensus price target of $61.00.

Trending Headlines about Power Integrations

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Short interest fell sharply in January — down ~14.8% to ~4.38M shares (about 8.0% of float) with a short-interest ratio near 4.8 days, reducing one layer of bearish pressure on the stock.
• Positive Sentiment: Power Integrations is paying a larger dividend than last year, which can support sentiment for income-focused shareholders. Power Integrations (NASDAQ:POWI) Is Paying Out A Larger Dividend Than Last Year
• Negative Sentiment: CEO Jennifer A. Lloyd sold 3,322 shares on Feb. 9 at an average price of $46.57 (≈$154.7K), reducing her stake by ~4.17%. This sizeable insider sale can be interpreted negatively by investors. SEC Filing — CEO Sale
• Negative Sentiment: Director Balu Balakrishnan sold 4,995 shares on Feb. 10 at ~$47.20 per share (~$235.8K), trimming his position by ~0.86%. Director-level selling can further pressure sentiment. SEC Filing — Director Sale
• Negative Sentiment: VP Sunil Gupta executed two small sales (1,401 shares on Feb. 9 at $46.57 and 1,272 shares on Feb. 10 at $45.97), collectively reducing his holding by ~1.3–1.4% per sale. Multiple insider disposals in quick succession can amplify investor concern even if each sale is routine. SEC Filing — VP Sales

Institutional Investors Weigh In On Power Integrations

Large investors have recently bought and sold shares of the business. M&T Bank Corp lifted its stake in Power Integrations by 3,635.7% during the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock valued at $26,604,000 after acquiring an additional 728,517 shares during the period. Wellington Management Group LLP lifted its position in Power Integrations by 35.7% during the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after purchasing an additional 595,404 shares during the period. Norges Bank purchased a new stake in Power Integrations in the second quarter worth approximately $32,897,000. Squarepoint Ops LLC grew its position in Power Integrations by 843.8% in the 2nd quarter. Squarepoint Ops LLC now owns 519,952 shares of the semiconductor company’s stock worth $29,065,000 after purchasing an additional 464,858 shares during the period. Finally, Vanguard Group Inc. raised its stake in Power Integrations by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock valued at $268,573,000 after buying an additional 409,643 shares during the last quarter.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.