Power Integrations Inc (NASDAQ:POWI) Director William George sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $85.00, for a total transaction of $680,000.00. Following the completion of the transaction, the director now owns 39,345 shares of the company’s stock, valued at $3,344,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of POWI stock traded down $1.00 during trading on Thursday, hitting $87.16. 476 shares of the company were exchanged, compared to its average volume of 212,458. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 40.61 and a beta of 1.29. The business’s 50-day simple moving average is $85.04 and its 200 day simple moving average is $75.53. Power Integrations Inc has a twelve month low of $47.35 and a twelve month high of $102.38.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $102.87 million during the quarter, compared to analysts’ expectations of $100.04 million. Power Integrations had a net margin of 14.79% and a return on equity of 9.87%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. On average, equities analysts predict that Power Integrations Inc will post 1.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, August 29th. Power Integrations’s dividend payout ratio is currently 31.78%.
Several research analysts have commented on the stock. Loop Capital reiterated a “hold” rating and issued a $76.00 target price on shares of Power Integrations in a report on Tuesday, June 18th. Deutsche Bank set a $80.00 target price on shares of Power Integrations and gave the stock a “hold” rating in a report on Friday, July 26th. Northland Securities reiterated an “underperform” rating and issued a $70.00 target price on shares of Power Integrations in a report on Monday, July 29th. Stifel Nicolaus set a $97.00 price target on shares of Power Integrations and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $84.20.
Several hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its position in Power Integrations by 1,426.5% during the first quarter. Quadrant Capital Group LLC now owns 748 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 699 shares in the last quarter. Ellis Investment Partners LLC bought a new position in Power Integrations during the first quarter valued at approximately $77,000. Huntington National Bank raised its position in Power Integrations by 19.9% during the second quarter. Huntington National Bank now owns 1,042 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 173 shares in the last quarter. Cutler Group LP raised its position in Power Integrations by 222.2% during the first quarter. Cutler Group LP now owns 1,305 shares of the semiconductor company’s stock valued at $91,000 after acquiring an additional 900 shares in the last quarter. Finally, ETF Managers Group LLC raised its position in Power Integrations by 10.5% during the first quarter. ETF Managers Group LLC now owns 2,103 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 96.83% of the company’s stock.
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 worldwide. 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, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.
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