Insider Selling: Power Integrations Inc (NASDAQ:POWI) CEO Sells 3,632 Shares of Stock

Power Integrations Inc (NASDAQ:POWI) CEO Balu Balakrishnan sold 3,632 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $92.80, for a total value of $337,049.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Monday, September 16th, Balu Balakrishnan sold 27,510 shares of Power Integrations stock. The stock was sold at an average price of $91.82, for a total value of $2,525,968.20.
  • On Thursday, August 1st, Balu Balakrishnan sold 9,367 shares of Power Integrations stock. The stock was sold at an average price of $93.15, for a total value of $872,536.05.

POWI stock traded down $2.21 during mid-day trading on Tuesday, hitting $89.84. The stock had a trading volume of 150,129 shares, compared to its average volume of 149,069. Power Integrations Inc has a 1-year low of $47.35 and a 1-year high of $102.38. The company has a fifty day moving average of $88.23 and a 200 day moving average of $78.35. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 41.98 and a beta of 1.26.



Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, July 25th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Power Integrations had a return on equity of 9.87% and a net margin of 14.79%. The company had revenue of $102.87 million for the quarter, compared to analyst estimates of $100.04 million. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that Power Integrations Inc will post 1.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.76%. Power Integrations’s dividend payout ratio (DPR) is presently 31.78%.

Several research analysts have weighed in on the company. Stifel Nicolaus set a $97.00 target price on Power Integrations and gave the stock a “buy” rating in a research report on Friday, July 26th. Northland Securities reaffirmed an “underperform” rating and issued a $70.00 target price on shares of Power Integrations in a research report on Monday, July 29th. Loop Capital reaffirmed a “hold” rating and issued a $76.00 target price on shares of Power Integrations in a research report on Tuesday, June 18th. BidaskClub raised Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 27th. Finally, Zacks Investment Research lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Power Integrations presently has a consensus rating of “Hold” and an average target price of $85.60.

Several institutional investors and hedge funds have recently added to or reduced their stakes in POWI. Huntington National Bank boosted its stake in shares of Power Integrations by 19.9% during the 2nd quarter. Huntington National Bank now owns 1,042 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 173 shares in the last quarter. Cutler Group LP boosted its stake in shares of Power Integrations by 222.2% during the 1st quarter. Cutler Group LP now owns 1,305 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 900 shares in the last quarter. ETF Managers Group LLC boosted its stake in shares of Power Integrations by 23.8% during the 2nd quarter. ETF Managers Group LLC now owns 2,604 shares of the semiconductor company’s stock worth $201,000 after acquiring an additional 501 shares in the last quarter. Magnus Financial Group LLC bought a new stake in shares of Power Integrations during the 2nd quarter worth about $220,000. Finally, CAPROCK Group Inc. bought a new stake in shares of Power Integrations during the 2nd quarter worth about $224,000. Institutional investors own 97.01% of the company’s stock.

About Power Integrations

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 worldwide. 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, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

Further Reading: Is it Safe to Invest in Commodities?

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.