Power Integrations, Inc. (NASDAQ:POWI – Get Free Report) VP Sunil Gupta sold 6,860 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $83.67, for a total transaction of $573,976.20. Following the sale, the vice president directly owned 64,379 shares in the company, valued at $5,386,590.93. This trade represents a 9.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Sunil Gupta also recently made the following trade(s):
- On Tuesday, May 26th, Sunil Gupta sold 15,894 shares of Power Integrations stock. The shares were sold at an average price of $82.18, for a total value of $1,306,168.92.
Power Integrations Stock Performance
NASDAQ:POWI opened at $85.30 on Friday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $89.00. The company has a market cap of $4.75 billion, a P/E ratio of 284.34, a P/E/G ratio of 3.70 and a beta of 1.57. The stock’s 50-day simple moving average is $66.69 and its 200 day simple moving average is $50.52.
Power Integrations Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio is presently 286.67%.
Wall Street Analysts Forecast Growth
POWI has been the topic of several analyst reports. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research report on Monday, April 6th. Susquehanna lifted their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Benchmark raised their target price on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.50.
View Our Latest Analysis on Power Integrations
Institutional Investors Weigh In On Power Integrations
Hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. boosted its position in Power Integrations by 5.4% during the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 261 shares during the period. Royal Bank of Canada raised its position in shares of Power Integrations by 5.0% in the first quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock valued at $3,827,000 after purchasing an additional 3,622 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Power Integrations by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock valued at $1,701,000 after purchasing an additional 1,461 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Power Integrations by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock worth $28,904,000 after buying an additional 74,107 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Power Integrations by 15.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock worth $8,825,000 after buying an additional 23,389 shares during the last quarter.
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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