Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Doug Bailey sold 165 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $67.00, for a total value of $11,055.00. Following the completion of the transaction, the vice president now owns 94,924 shares in the company, valued at approximately $6,359,908. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Power Integrations Price Performance
Shares of POWI stock opened at $67.90 on Friday. The company's fifty day simple moving average is $69.57 and its two-hundred day simple moving average is $71.32. Power Integrations, Inc. has a 1 year low of $59.36 and a 1 year high of $89.68. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 73.81, a PEG ratio of 5.24 and a beta of 1.11.
Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The business had revenue of $106.20 million for the quarter, compared to analysts' expectations of $105.02 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The business's revenue for the quarter was down 13.8% compared to the same quarter last year. Equities research analysts anticipate that Power Integrations, Inc. will post 0.6 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $0.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.18%. Power Integrations's payout ratio is currently 86.96%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Power Integrations by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company's stock worth $467,119,000 after purchasing an additional 105,034 shares during the period. Capital International Investors increased its holdings in shares of Power Integrations by 6.5% in the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company's stock worth $94,227,000 after purchasing an additional 80,775 shares during the period. Ceredex Value Advisors LLC increased its holdings in shares of Power Integrations by 4.8% in the second quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company's stock worth $53,083,000 after purchasing an additional 34,400 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Power Integrations by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,948 shares of the semiconductor company's stock worth $59,115,000 after purchasing an additional 10,740 shares during the period. Finally, Millennium Management LLC grew its position in Power Integrations by 23.4% in the second quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company's stock worth $41,634,000 after acquiring an additional 112,595 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on POWI shares. Deutsche Bank Aktiengesellschaft cut their target price on Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Northland Capmk upgraded Power Integrations from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. StockNews.com upgraded Power Integrations from a "sell" rating to a "hold" rating in a research note on Friday, August 16th. Northland Securities upgraded Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. Finally, Susquehanna dropped their price objective on Power Integrations from $95.00 to $80.00 and set a "positive" rating on the stock in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Power Integrations has an average rating of "Moderate Buy" and a consensus target price of $78.50.
View Our Latest Research Report on Power Integrations
Power Integrations Company Profile
(
Get Free Report)
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.
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