Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar Sells 1,877 Shares

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 1,877 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $108,884.77. Following the completion of the transaction, the chief financial officer now directly owns 112,653 shares of the company’s stock, valued at $6,535,000.53. This represents a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sandeep Nayyar also recently made the following trade(s):

• On Tuesday, February 4th, Sandeep Nayyar sold 5,152 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total value of $312,984.00.

Power Integrations Price Performance

Shares of POWI stock opened at $59.77 on Friday. The business’s 50 day simple moving average is $62.04 and its 200 day simple moving average is $62.93. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $79.13. The stock has a market capitalization of $3.40 billion, a PE ratio of 104.86, a PEG ratio of 3.96 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. As a group, research analysts expect that Power Integrations, Inc. will post 0.9 earnings per share for the current year.

Power Integrations Announces Dividend

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

Hedge Funds Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently modified their holdings of POWI. Smartleaf Asset Management LLC boosted its holdings in shares of Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after buying an additional 282 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Power Integrations by 133.2% in the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 385 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Power Integrations in the 3rd quarter worth $87,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Susquehanna lowered their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.00.

About Power Integrations

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.