Insider Selling: Power Integrations (NASDAQ:POWI) Director Sells $550,435.05 in Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Nicholas Brathwaite sold 6,655 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $82.71, for a total transaction of $550,435.05. Following the completion of the transaction, the director owned 23,954 shares of the company’s stock, valued at $1,981,235.34. This trade represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nicholas Brathwaite also recently made the following trade(s):

• On Wednesday, May 13th, Nicholas Brathwaite sold 6,895 shares of Power Integrations stock. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95.

Power Integrations Stock Performance

Power Integrations stock traded up $0.17 during mid-day trading on Thursday, hitting $87.07. 1,773,676 shares of the company traded hands, compared to its average volume of 1,395,775. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $88.17. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 290.24, a price-to-earnings-growth ratio of 3.78 and a beta of 1.54. The stock has a fifty day moving average price of $63.03 and a 200-day moving average price of $48.80.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. Power Integrations’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. Sell-side analysts predict that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid 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 1.0%. Power Integrations’s dividend payout ratio (DPR) is 286.67%.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in Power Integrations by 13.8% during the 4th quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 251 shares during the period. Baird Financial Group Inc. increased its position in Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 261 shares during the last quarter. Cetera Investment Advisers increased its position in Power Integrations by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 340 shares during the last quarter. First National Bank of Omaha boosted its stake in shares of Power Integrations by 0.8% during the 4th quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock worth $1,637,000 after purchasing an additional 366 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Power Integrations by 77.6% during 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on POWI. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Benchmark increased their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research report on Monday, April 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Power Integrations has a consensus rating of “Hold” and a consensus target price of $64.50.

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.