Power Integrations Inc (NASDAQ:POWI) VP Radu Barsan sold 143 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $78.86, for a total transaction of $11,276.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Power Integrations Inc (NASDAQ:POWI) traded down $0.90 on Monday, reaching $77.60. 126,300 shares of the company’s stock traded hands, compared to its average volume of 169,846. The firm has a market cap of $2,306.02, a PE ratio of 36.95 and a beta of 1.26. Power Integrations Inc has a 52 week low of $61.44 and a 52 week high of $86.60.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05. Power Integrations had a net margin of 13.69% and a return on equity of 11.95%. The firm had revenue of $111.30 million for the quarter, compared to analysts’ expectations of $111.82 million. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. sell-side analysts expect that Power Integrations Inc will post 2.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. Power Integrations’s payout ratio is currently 29.02%.
A number of large investors have recently modified their holdings of the business. Neuberger Berman Group LLC increased its stake in Power Integrations by 4.6% during the third quarter. Neuberger Berman Group LLC now owns 2,925,039 shares of the semiconductor company’s stock worth $214,113,000 after purchasing an additional 128,790 shares during the period. Vanguard Group Inc. increased its stake in shares of Power Integrations by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,610,745 shares of the semiconductor company’s stock worth $190,324,000 after buying an additional 73,422 shares during the period. Impax Asset Management LTD increased its stake in shares of Power Integrations by 20.7% during the third quarter. Impax Asset Management LTD now owns 839,787 shares of the semiconductor company’s stock worth $61,472,000 after buying an additional 144,088 shares during the period. State Street Corp increased its stake in shares of Power Integrations by 7.7% during the first quarter. State Street Corp now owns 790,601 shares of the semiconductor company’s stock worth $51,987,000 after buying an additional 56,748 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Power Integrations by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 687,687 shares of the semiconductor company’s stock worth $45,215,000 after buying an additional 8,689 shares during the period. Institutional investors own 97.51% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price on shares of Power Integrations in a research note on Wednesday, October 4th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $84.00 target price on shares of Power Integrations in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $83.50.
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Power Integrations Company Profile
Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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