Power Integrations, Inc. (NASDAQ:POWI – Get Free Report)’s stock price was down 9.6% on Monday after an insider sold shares in the company. The company traded as low as $65.54 and last traded at $66.2320. Approximately 828,126 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 1,002,171 shares. The stock had previously closed at $73.24.
Specifically, Director Nicholas Brathwaite sold 6,895 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director owned 30,609 shares of the company’s stock, valued at $2,216,397.69. This represents a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on POWI shares. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Susquehanna upped their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Stifel Nicolaus boosted their price objective on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.50.
Power Integrations Stock Performance
The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 224.26, a price-to-earnings-growth ratio of 4.46 and a beta of 1.54. The business’s fifty day simple moving average is $57.95 and its 200 day simple moving average is $46.57.
Power Integrations (NASDAQ:POWI – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million for the quarter, compared to the consensus estimate of $106.75 million. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, analysts forecast that Power Integrations, Inc. will post 0.64 EPS for the current fiscal year.
Power Integrations Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is 286.67%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in Power Integrations by 13.8% during the 4th quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 251 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Power Integrations by 5.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after acquiring an additional 261 shares during the last quarter. Cetera Investment Advisers boosted its stake in Power Integrations by 2.7% during the 4th quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock valued at $461,000 after acquiring an additional 340 shares during the last quarter. First National Bank of Omaha boosted its stake in Power Integrations by 0.8% during the 4th quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock valued at $1,637,000 after acquiring an additional 366 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Power Integrations by 77.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 371 shares during the last quarter.
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.
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