Power Integrations, Inc. (NASDAQ:POWI) VP Sells $686,769.44 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the transaction, the vice president now directly owns 45,295 shares in the company, valued at $2,993,093.60. This trade represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Power Integrations Stock Performance

NASDAQ:POWI opened at $63.57 on Wednesday. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $79.13. The company has a 50 day moving average price of $61.68 and a 200 day moving average price of $62.69. The stock has a market capitalization of $3.62 billion, a P/E ratio of 111.53, a PEG ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Research analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on POWI shares. Benchmark reaffirmed a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Institutional Trading of Power Integrations

A number of institutional investors and hedge funds have recently bought and sold shares of POWI. Van ECK Associates Corp grew its holdings in shares of Power Integrations by 55.6% in the third quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company’s stock valued at $2,138,000 after purchasing an additional 12,297 shares in the last quarter. GSA Capital Partners LLP boosted its position in Power Integrations by 97.5% in the 3rd quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company’s stock valued at $1,669,000 after buying an additional 12,847 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Power Integrations by 214.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock worth $2,684,000 after acquiring an additional 28,548 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 192 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Power Integrations by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock worth $3,665,000 after acquiring an additional 27,016 shares during the period.

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.