Power Integrations Inc (NASDAQ:POWI) CFO Sandeep Nayyar sold 4,237 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.04, for a total transaction of $267,100.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sandeep Nayyar also recently made the following trade(s):
- On Monday, February 5th, Sandeep Nayyar sold 920 shares of Power Integrations stock. The shares were sold at an average price of $66.39, for a total transaction of $61,078.80.
- On Monday, January 29th, Sandeep Nayyar sold 2,022 shares of Power Integrations stock. The shares were sold at an average price of $77.50, for a total transaction of $156,705.00.
Power Integrations Inc (NASDAQ POWI) opened at $66.10 on Thursday. Power Integrations Inc has a 1 year low of $60.55 and a 1 year high of $86.60. The stock has a market cap of $1,972.07, a P/E ratio of 28.99 and a beta of 1.17.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Power Integrations had a net margin of 6.39% and a return on equity of 12.70%. The company had revenue of $108.20 million during the quarter, compared to analyst estimates of $110.50 million. During the same period last year, the firm posted $0.67 EPS. Power Integrations’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts anticipate that Power Integrations Inc will post 2 EPS for the current year.
Power Integrations declared that its board has initiated a share repurchase program on Thursday, February 1st that allows the company to buyback $30.00 million in shares. This buyback authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 0.97%. Power Integrations’s dividend payout ratio (DPR) is currently 62.22%.
POWI has been the subject of several research analyst reports. Drexel Hamilton reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Power Integrations in a research report on Friday, October 27th. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday, November 1st. BidaskClub lowered shares of Power Integrations from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Susquehanna Bancshares started coverage on shares of Power Integrations in a research report on Wednesday, December 13th. They set a “neutral” rating and a $80.00 price target for the company. They noted that the move was a valuation call. Finally, Sidoti lowered shares of Power Integrations from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $81.40.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Penbrook Management LLC purchased a new position in Power Integrations during the 4th quarter worth approximately $691,000. Xact Kapitalforvaltning AB purchased a new position in shares of Power Integrations during the 4th quarter valued at approximately $224,000. Handelsbanken Fonder AB purchased a new position in shares of Power Integrations during the 4th quarter valued at approximately $4,560,000. Disciplined Growth Investors Inc. MN increased its holdings in shares of Power Integrations by 0.5% during the 4th quarter. Disciplined Growth Investors Inc. MN now owns 1,217,462 shares of the semiconductor company’s stock valued at $89,544,000 after purchasing an additional 5,675 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Power Integrations during the 4th quarter valued at approximately $991,000. 95.53% of the stock is owned by institutional investors.
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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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