Power Integrations, Inc. (NASDAQ:POWI – Get Free Report) Director Nicholas Brathwaite sold 6,655 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $82.71, for a total value of $550,435.05. Following the completion of the sale, the director owned 23,954 shares of the company’s stock, valued at $1,981,235.34. This trade represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nicholas Brathwaite also recently made the following trade(s):
- On Wednesday, May 27th, Nicholas Brathwaite sold 1,728 shares of Power Integrations stock. The shares were sold at an average price of $86.62, for a total value of $149,679.36.
- On Wednesday, May 13th, Nicholas Brathwaite sold 6,895 shares of Power Integrations stock. The stock was sold at an average price of $72.41, for a total value of $499,266.95.
Power Integrations Stock Performance
Shares of Power Integrations stock opened at $84.00 on Friday. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 280.01, a PEG ratio of 3.65 and a beta of 1.54. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $89.00. The stock has a 50 day moving average of $63.79 and a 200 day moving average of $49.05.
Power Integrations Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is presently 286.67%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of POWI. Snyder Capital Management L P boosted its position in shares of Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock worth $73,380,000 after buying an additional 1,234,981 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Power Integrations by 1,885.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after buying an additional 895,857 shares during the period. M&T Bank Corp boosted its position in shares of Power Integrations by 3,635.7% during the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after buying an additional 728,517 shares during the period. Wellington Management Group LLP boosted its position in shares of Power Integrations by 35.7% during the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock worth $90,926,000 after buying an additional 595,404 shares during the period. Finally, State Street Corp boosted its position in shares of Power Integrations by 18.0% during the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock worth $120,870,000 after buying an additional 518,284 shares during the period.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Susquehanna increased their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Stifel Nicolaus raised their price target on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.50.
Get Our Latest Research Report on POWI
Key Power Integrations News
Here are the key news stories impacting Power Integrations this week:
- Negative Sentiment: Director Balu Balakrishnan sold 124,287 shares for about $10.7 million, following an earlier sale of 118,573 shares, signaling a meaningful reduction in his position. SEC filing
- Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, adding to a prior sale this week and reinforcing the insider-selling trend. SEC filing
- Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.3 million, further increasing concerns that insiders may see limited near-term upside. SEC filing
- Neutral Sentiment: Recent results were mixed but not weak: Power Integrations beat quarterly EPS and revenue estimates, though growth was modest and earnings declined from a year earlier.
- Neutral Sentiment: The company also announced a quarterly dividend, which may support income investors, but the payout is small relative to the current valuation and does not offset the insider-selling headlines.
Power Integrations Company Profile
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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