Clifford Walker Sells 2,472 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 2,472 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the sale, the vice president now directly owns 142,145 shares of the company’s stock, valued at $8,635,308.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Clifford Walker also recently made the following trade(s):

• On Wednesday, November 27th, Clifford Walker sold 10,000 shares of Power Integrations stock. The shares were sold at an average price of $64.36, for a total value of $643,600.00.

Power Integrations Stock Down 1.8 %

Power Integrations stock opened at $59.68 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of 90.43, a P/E/G ratio of 4.06 and a beta of 1.11. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $85.00. The business’s 50-day moving average price is $62.59 and its two-hundred day moving average price is $63.40.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. As a group, analysts expect that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. Power Integrations’s payout ratio is presently 147.37%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on POWI shares. Benchmark reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Susquehanna cut their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Institutional Trading of Power Integrations

A number of hedge funds have recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 192 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Power Integrations by 10.3% during the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 205 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 207 shares during the period. Pacer Advisors Inc. grew its stake in shares of Power Integrations by 2.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 230 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in Power Integrations by 5.8% in the third quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 255 shares during the period.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.