Nicholas Brathwaite Sells 6,895 Shares of Power Integrations (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Nicholas Brathwaite sold 6,895 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95. Following the completion of the transaction, the director directly owned 30,609 shares in the company, valued at approximately $2,216,397.69. This represents a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Power Integrations Stock Up 2.2%

POWI stock opened at $73.24 on Friday. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $81.59. The firm has a market cap of $4.08 billion, a P/E ratio of 244.14, a P/E/G ratio of 4.46 and a beta of 1.54. The company’s 50-day moving average price is $57.95 and its two-hundred day moving average price is $46.55.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that Power Integrations, Inc. will post 0.64 EPS for the current year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.2%. Power Integrations’s payout ratio is 286.67%.

Analyst Ratings Changes

Several brokerages recently issued reports on POWI. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a report on Monday, April 6th. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Benchmark lifted their price target on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 6th. Finally, Stifel Nicolaus lifted their price target on shares of Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Power Integrations has a consensus rating of “Hold” and an average target price of $64.50.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently added to or reduced their stakes in POWI. Geneos Wealth Management Inc. lifted its position in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Power Integrations by 77.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Power Integrations in the 4th quarter worth approximately $36,000. UMB Bank n.a. lifted its position in shares of Power Integrations by 61.7% in the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Power Integrations in the 4th quarter worth approximately $48,000.

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.