Insider Selling: Power Integrations Inc (NASDAQ:POWI) VP Sells $60,975.00 in Stock

Power Integrations Inc (NASDAQ:POWI) VP Doug Bailey sold 500 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $121.95, for a total value of $60,975.00. Following the transaction, the vice president now directly owns 59,861 shares in the company, valued at $7,300,048.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, July 17th, Doug Bailey sold 500 shares of Power Integrations stock. The stock was sold at an average price of $121.40, for a total value of $60,700.00.
  • On Monday, July 20th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $122.97, for a total transaction of $61,485.00.
  • On Wednesday, July 15th, Doug Bailey sold 500 shares of Power Integrations stock. The stock was sold at an average price of $121.87, for a total transaction of $60,935.00.
  • On Friday, July 10th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $123.97, for a total transaction of $61,985.00.
  • On Monday, July 13th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $123.85, for a total transaction of $61,925.00.
  • On Wednesday, July 8th, Doug Bailey sold 500 shares of Power Integrations stock. The stock was sold at an average price of $121.90, for a total transaction of $60,950.00.
  • On Monday, July 6th, Doug Bailey sold 1,500 shares of Power Integrations stock. The shares were sold at an average price of $120.13, for a total value of $180,195.00.
  • On Thursday, June 25th, Doug Bailey sold 500 shares of Power Integrations stock. The stock was sold at an average price of $121.00, for a total value of $60,500.00.
  • On Tuesday, June 23rd, Doug Bailey sold 500 shares of Power Integrations stock. The stock was sold at an average price of $121.00, for a total value of $60,500.00.

Shares of NASDAQ:POWI opened at $117.89 on Friday. The stock has a 50 day moving average of $118.70 and a 200 day moving average of $103.07. The company has a market cap of $3.52 billion, a PE ratio of 17.47 and a beta of 1.04. Power Integrations Inc has a 12-month low of $77.14 and a 12-month high of $126.25.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.10. The business had revenue of $109.70 million for 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 for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, research analysts predict that Power Integrations Inc will post 1.93 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were paid a dividend of $0.21 per share. This is a boost from Power Integrations’s previous quarterly dividend of $0.19. 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%. Power Integrations’s payout ratio is 47.19%.

A number of hedge funds have recently modified their holdings of the business. NN Investment Partners Holdings N.V. bought a new stake in Power Integrations during the second quarter valued at about $1,347,000. Candriam Luxembourg S.C.A. boosted its stake in shares of Power Integrations by 72.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 67,137 shares of the semiconductor company’s stock worth $7,931,000 after acquiring an additional 28,198 shares during the period. Strs Ohio grew its position in shares of Power Integrations by 8.9% during the second quarter. Strs Ohio now owns 11,000 shares of the semiconductor company’s stock worth $1,299,000 after purchasing an additional 900 shares in the last quarter. Boston Trust Walden Corp raised its stake in Power Integrations by 10.7% during the 2nd quarter. Boston Trust Walden Corp now owns 240,261 shares of the semiconductor company’s stock valued at $28,382,000 after purchasing an additional 23,307 shares during the period. Finally, XTX Markets LLC purchased a new position in Power Integrations in the 2nd quarter worth approximately $425,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

Several brokerages have issued reports on POWI. Zacks Investment Research cut Power Integrations from a “hold” rating to a “sell” rating in a research report on Thursday, July 16th. Deutsche Bank raised their price objective on shares of Power Integrations from $90.00 to $93.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Loop Capital reaffirmed a “buy” rating and set a $117.00 target price on shares of Power Integrations in a report on Monday, May 18th. Stifel Nicolaus increased their price target on shares of Power Integrations from $105.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, BidaskClub raised shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Power Integrations has an average rating of “Hold” and an average price target of $102.20.

Power Integrations Company Profile

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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