Power Integrations (NASDAQ:POWI) Director William George sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $72.00, for a total value of $108,000.00. Following the transaction, the director now directly owns 17,891 shares in the company, valued at approximately $1,288,152. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
William George also recently made the following trade(s):
- On Monday, March 26th, William George sold 1,500 shares of Power Integrations stock. The shares were sold at an average price of $70.00, for a total value of $105,000.00.
POWI opened at $70.85 on Friday. Power Integrations has a 52-week low of $60.55 and a 52-week high of $86.60. The firm has a market cap of $2,082.45, a P/E ratio of 30.61 and a beta of 1.19.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. The company had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $110.50 million. During the same quarter in the previous year, the business earned $0.67 EPS. Power Integrations’s revenue was up 5.7% compared to the same quarter last year. equities analysts expect that Power Integrations will post 2 earnings per share for the current year.
Power Integrations announced that its Board of Directors has authorized a stock buyback program on Thursday, February 1st that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, February 28th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.64 dividend on an annualized basis and a yield of 0.90%. This is a boost from Power Integrations’s previous quarterly dividend of $0.14. Power Integrations’s payout ratio is presently 28.07%.
Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of Power Integrations in the 3rd quarter worth $205,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Power Integrations in the 4th quarter worth $224,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Power Integrations in the 4th quarter worth $307,000. Koch Industries Inc. purchased a new stake in shares of Power Integrations in the 4th quarter worth $310,000. Finally, Jefferies Group LLC purchased a new stake in shares of Power Integrations in the 4th quarter worth $429,000. Institutional investors and hedge funds own 96.69% of the company’s stock.
A number of equities analysts recently issued reports on POWI shares. Zacks Investment Research cut Power Integrations from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub upgraded Power Integrations from a “strong sell” rating to a “sell” rating in a report on Thursday, March 1st. Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, ValuEngine upgraded Power Integrations from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $81.40.
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About Power Integrations
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 offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.
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