Radu Barsan Sells 2,239 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 2,239 shares of Power Integrations stock in a transaction on Friday, February 19th. The shares were sold at an average price of $94.74, for a total transaction of $212,122.86. Following the completion of the sale, the vice president now directly owns 52,400 shares of the company’s stock, valued at approximately $4,964,376. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Radu Barsan also recently made the following trade(s):

  • On Tuesday, February 16th, Radu Barsan sold 2,629 shares of Power Integrations stock. The shares were sold at an average price of $93.78, for a total transaction of $246,547.62.

Shares of NASDAQ:POWI traded down $2.09 during midday trading on Tuesday, reaching $90.67. The company had a trading volume of 10,299 shares, compared to its average volume of 451,966. The company’s 50 day moving average price is $90.16 and its 200 day moving average price is $74.12. The stock has a market cap of $5.45 billion, a P/E ratio of 27.57 and a beta of 0.98. Power Integrations, Inc. has a 52-week low of $38.57 and a 52-week high of $99.05.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, February 2nd. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.16. The company had revenue of $150.69 million for the quarter, compared to the consensus estimate of $129.88 million. Power Integrations had a net margin of 44.72% and a return on equity of 8.34%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. On average, equities research analysts forecast that Power Integrations, Inc. will post 1.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Investors of record on Friday, February 26th will be paid a $0.13 dividend. This is a boost from Power Integrations’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, February 25th. Power Integrations’s payout ratio is currently 49.44%.

Institutional investors have recently made changes to their positions in the stock. Archer Investment Corp bought a new stake in Power Integrations in the 4th quarter valued at about $40,000. CI Investments Inc. bought a new stake in Power Integrations in the 4th quarter valued at about $50,000. International Assets Investment Management LLC bought a new stake in Power Integrations in the 4th quarter valued at about $54,000. Vantage Consulting Group Inc bought a new stake in Power Integrations in the 4th quarter valued at about $74,000. Finally, First Horizon Advisors Inc. raised its stake in Power Integrations by 43.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 915 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

POWI has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Power Integrations from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, December 17th. Loop Capital lifted their price target on shares of Power Integrations from $70.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Cowen lifted their price objective on shares of Power Integrations from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Northland Securities lifted their price objective on shares of Power Integrations from $65.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, February 3rd. Finally, Zacks Investment Research downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Tuesday, February 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $89.00.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, 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 (AC) 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, LED lighting, and other consumer and industrial applications, as well as LED lighting.

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