Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker Sells 1,131 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,131 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.01, for a total transaction of $65,609.31. Following the transaction, the vice president now directly owns 143,718 shares of the company’s stock, valued at approximately $8,337,081.18. This trade represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, February 4th, Clifford Walker sold 2,472 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total value of $150,174.00.
• On Wednesday, November 27th, Clifford Walker sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $64.36, for a total value of $643,600.00.

Power Integrations Trading Up 0.8 %

Shares of NASDAQ POWI traded up $0.48 on Tuesday, reaching $58.34. 369,370 shares of the company traded hands, compared to its average volume of 464,369. The stock has a market capitalization of $3.32 billion, a PE ratio of 102.35, a P/E/G ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $81.50. The company has a 50 day moving average of $62.14 and a 200 day moving average of $62.95.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, February 28th. Power Integrations’s payout ratio is currently 147.37%.

Institutional Investors Weigh In On Power Integrations

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Power Integrations by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock valued at $444,909,000 after purchasing an additional 114,047 shares in the last quarter. State Street Corp lifted its position in Power Integrations by 1.1% during the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock valued at $162,886,000 after buying an additional 27,488 shares in the last quarter. Wellington Management Group LLP grew its stake in Power Integrations by 25.6% during the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after buying an additional 476,986 shares during the period. Disciplined Growth Investors Inc. MN increased its position in shares of Power Integrations by 4.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after acquiring an additional 80,761 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Power Integrations by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after acquiring an additional 63,150 shares during the period.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of recent research reports. Susquehanna dropped their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.