Power Integrations Inc (NASDAQ:POWI) VP Sells $182,380.00 in Stock

Power Integrations Inc (NASDAQ:POWI) VP Doug Bailey sold 2,000 shares of Power Integrations stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $91.19, for a total value of $182,380.00. Following the completion of the transaction, the vice president now owns 59,298 shares of the company’s stock, valued at approximately $5,407,384.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Doug Bailey also recently made the following trade(s):

  • On Friday, November 1st, Doug Bailey sold 2,000 shares of Power Integrations stock. The shares were sold at an average price of $91.55, for a total value of $183,100.00.
  • On Tuesday, October 1st, Doug Bailey sold 2,000 shares of Power Integrations stock. The shares were sold at an average price of $90.55, for a total value of $181,100.00.
  • On Thursday, September 12th, Doug Bailey sold 2,000 shares of Power Integrations stock. The shares were sold at an average price of $93.38, for a total value of $186,760.00.

NASDAQ:POWI traded up $1.45 during mid-day trading on Wednesday, hitting $89.58. 124,620 shares of the stock traded hands, compared to its average volume of 153,298. Power Integrations Inc has a 52 week low of $55.80 and a 52 week high of $102.38. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 41.86 and a beta of 1.25. The firm’s 50 day moving average is $92.08 and its two-hundred day moving average is $84.52.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, October 24th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The business had revenue of $114.16 million during the quarter, compared to analyst estimates of $114.20 million. Power Integrations had a return on equity of 9.64% and a net margin of 14.50%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share. Research analysts predict that Power Integrations Inc will post 1.86 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.19 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Wednesday, November 27th. Power Integrations’s dividend payout ratio (DPR) is currently 35.51%.

POWI has been the topic of several analyst reports. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Saturday, October 12th. Loop Capital upgraded Power Integrations from a “hold” rating to a “buy” rating and increased their price target for the company from $83.00 to $102.00 in a report on Friday, October 25th. ValuEngine downgraded Power Integrations from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus set a $104.00 price objective on shares of Power Integrations and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, BidaskClub cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $91.20.

A number of institutional investors and hedge funds have recently bought and sold shares of POWI. Point72 Asset Management L.P. bought a new position in Power Integrations in the 3rd quarter valued at $27,000. FNY Investment Advisers LLC purchased a new stake in shares of Power Integrations during the third quarter valued at $45,000. Tower Research Capital LLC TRC grew its holdings in shares of Power Integrations by 482.7% in the third quarter. Tower Research Capital LLC TRC now owns 874 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 724 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Power Integrations in the third quarter worth about $206,000. Finally, ETF Managers Group LLC grew its holdings in shares of Power Integrations by 23.8% in the second quarter. ETF Managers Group LLC now owns 2,604 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 501 shares during the last quarter. Institutional investors own 96.95% 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.

See Also: Average Daily Trade Volume – ADTV

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

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