Doug Bailey Sells 500 Shares of Power Integrations Inc (NASDAQ:POWI) Stock

Power Integrations Inc (NASDAQ:POWI) VP Doug Bailey sold 500 shares of Power Integrations stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $121.00, for a total transaction of $60,500.00. Following the transaction, the vice president now directly owns 59,861 shares in the company, valued at approximately $7,243,181. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Doug Bailey also recently made the following trade(s):

  • On Tuesday, June 23rd, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $121.00, for a total transaction of $60,500.00.

NASDAQ:POWI opened at $118.13 on Wednesday. Power Integrations Inc has a one year low of $76.77 and a one year high of $122.45. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 17.50 and a beta of 1.06. The firm’s fifty day moving average is $112.36 and its two-hundred day moving average is $100.23.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. The business had revenue of $109.70 million during the quarter, compared to the consensus estimate of $106.74 million. Power Integrations had a net margin of 45.82% and a return on equity of 9.81%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, research analysts predict that Power Integrations Inc will post 1.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Power Integrations’s previous quarterly dividend of $0.19. Power Integrations’s dividend payout ratio is 47.19%.

Several institutional investors have recently modified their holdings of POWI. Private Capital Group LLC raised its position in shares of Power Integrations by 141.3% in the first quarter. Private Capital Group LLC now owns 444 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 260 shares during the period. NWK Group Inc. acquired a new position in shares of Power Integrations in the first quarter worth about $42,000. FinTrust Capital Advisors LLC acquired a new position in shares of Power Integrations in the first quarter worth about $56,000. Cognios Capital LLC acquired a new position in shares of Power Integrations in the first quarter worth about $69,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Power Integrations in the first quarter worth about $94,000. Institutional investors and hedge funds own 98.17% of the company’s stock.

A number of research analysts have weighed in on the stock. Loop Capital reiterated a “buy” rating and set a $117.00 price objective on shares of Power Integrations in a research report on Monday, May 18th. Deutsche Bank boosted their price objective on shares of Power Integrations from $90.00 to $93.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Zacks Investment Research lowered shares of Power Integrations from a “hold” rating to a “sell” rating in a report on Thursday, May 28th. BidaskClub raised shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Power Integrations from $105.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Power Integrations presently has a consensus rating of “Hold” and a consensus target price of $102.20.

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.

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