Power Integrations, Inc. (NASDAQ:POWI) VP Sells $555,343.04 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, August 21st, Doug Bailey sold 165 shares of Power Integrations stock. The shares were sold at an average price of $67.00, for a total transaction of $11,055.00.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $60.04 on Friday. The business’s 50-day moving average is $62.41 and its 200 day moving average is $67.89. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68. The firm has a market capitalization of $3.41 billion, a P/E ratio of 90.97, a P/E/G ratio of 6.86 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, analysts expect that Power Integrations, Inc. will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.21 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, November 29th. Power Integrations’s payout ratio is presently 121.21%.

Hedge Funds Weigh In On Power Integrations

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 150 shares during the period. Mather Group LLC. raised its stake in shares of Power Integrations by 22.8% in the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 161 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Power Integrations during the second quarter worth about $63,000. Truvestments Capital LLC purchased a new stake in Power Integrations in the third quarter valued at approximately $87,000. Finally, Quest Partners LLC increased its holdings in Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after buying an additional 240 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on POWI shares. Susquehanna cut their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday. TD Cowen cut their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

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 provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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 various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.