Insider Selling: Power Integrations Inc (NASDAQ:POWI) VP Sells $60,500.00 in Stock

Power Integrations Inc (NASDAQ:POWI) VP Doug Bailey sold 500 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $121.00, for a total value of $60,500.00. Following the transaction, the vice president now directly owns 59,861 shares in the company, valued at $7,243,181. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, July 22nd, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $121.95, for a total value of $60,975.00.
  • On Friday, July 17th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were 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 value of $61,485.00.
  • On Wednesday, July 15th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $121.87, for a total value 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 value 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 value of $61,925.00.
  • On Wednesday, July 8th, Doug Bailey sold 500 shares of Power Integrations stock. The shares were sold at an average price of $121.90, for a total value 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 shares were 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 shares were sold at an average price of $121.00, for a total value of $60,500.00.

POWI opened at $122.03 on Friday. The company has a market cap of $3.60 billion, a PE ratio of 18.08 and a beta of 1.04. The stock has a 50-day moving average of $119.07 and a 200-day moving average of $103.77. Power Integrations Inc has a 52-week low of $77.14 and a 52-week high of $127.39.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Power Integrations had a return on equity of 9.81% and a net margin of 45.82%. The company had revenue of $106.83 million during the quarter, compared to the consensus estimate of $106.20 million. On average, research analysts predict that Power Integrations Inc will post 1.93 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in Power Integrations by 0.8% during the 1st quarter. Legal & General Group Plc now owns 86,681 shares of the semiconductor company’s stock valued at $7,657,000 after purchasing an additional 703 shares during the period. Geode Capital Management LLC boosted its stake in Power Integrations by 4.5% during the 1st quarter. Geode Capital Management LLC now owns 478,061 shares of the semiconductor company’s stock valued at $42,226,000 after purchasing an additional 20,804 shares during the period. AXA bought a new stake in Power Integrations during the 1st quarter valued at approximately $1,643,000. Parametric Portfolio Associates LLC boosted its stake in Power Integrations by 11.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 123,138 shares of the semiconductor company’s stock valued at $10,877,000 after purchasing an additional 12,875 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Power Integrations by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 82,148 shares of the semiconductor company’s stock valued at $7,256,000 after purchasing an additional 1,489 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s stock.

A number of research analysts have commented on POWI shares. Stifel Nicolaus boosted their target price on Power Integrations from $105.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Loop Capital reiterated a “buy” rating and set a $117.00 price target on shares of Power Integrations in a research note on Monday, May 18th. Deutsche Bank upped their price target on Power Integrations from $93.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded Power Integrations from a “hold” rating to a “sell” rating in a research note on Thursday, July 16th. Finally, BidaskClub upgraded Power Integrations from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $114.50.

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

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