Power Integrations (NASDAQ:POWI) Director Sells $260,018.79 in Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 5,581 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $46.59, for a total transaction of $260,018.79. Following the completion of the sale, the director directly owned 585,206 shares of the company’s stock, valued at $27,264,747.54. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Power Integrations Stock Up 1.3%

POWI stock traded up $0.58 during trading on Monday, hitting $46.52. The company had a trading volume of 787,011 shares, compared to its average volume of 907,405. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $68.20. The firm has a 50-day moving average price of $38.82 and a 200-day moving average price of $41.81. The firm has a market cap of $2.57 billion, a PE ratio of 150.06, a price-to-earnings-growth ratio of 5.34 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $118.92 million for the quarter, compared to analyst estimates of $118.36 million. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. Sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, November 28th. Power Integrations’s dividend payout ratio is 270.97%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in POWI. Truist Financial Corp boosted its stake in shares of Power Integrations by 38.7% during the 4th quarter. Truist Financial Corp now owns 8,335 shares of the semiconductor company’s stock worth $296,000 after purchasing an additional 2,326 shares during the last quarter. Fifth Third Bancorp boosted its position in Power Integrations by 344.3% during the fourth quarter. Fifth Third Bancorp now owns 7,860 shares of the semiconductor company’s stock worth $279,000 after acquiring an additional 6,091 shares during the last quarter. New York State Teachers Retirement System grew its stake in Power Integrations by 8.8% in the 4th quarter. New York State Teachers Retirement System now owns 25,400 shares of the semiconductor company’s stock worth $903,000 after acquiring an additional 2,055 shares during the period. M&T Bank Corp raised its holdings in Power Integrations by 29.8% in the 4th quarter. M&T Bank Corp now owns 26,004 shares of the semiconductor company’s stock valued at $924,000 after acquiring an additional 5,966 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Power Integrations by 17.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,973 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 1,513 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Benchmark boosted their target price on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Susquehanna upped their target price on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.00.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.