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

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,131 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31. Following the completion of the transaction, the vice president now directly owns 143,718 shares of the company’s stock, valued at approximately $8,337,081.18. The trade was a 0.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $60.75, for a total transaction of $150,174.00.
• 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 Trading Up 1.3 %

NASDAQ POWI opened at $59.09 on Thursday. The firm has a market capitalization of $3.36 billion, a PE ratio of 103.67, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. The business’s 50-day moving average price is $62.04 and its two-hundred day moving average price is $62.93. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its 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 net margin of 7.69% and a return on equity of 4.49%. As a group, analysts forecast that Power Integrations, Inc. will post 0.9 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Hedge Funds Weigh In On Power Integrations

A number of hedge funds have recently bought and sold shares of POWI. Trexquant Investment LP grew its holdings in Power Integrations by 227.2% during the 4th quarter. Trexquant Investment LP now owns 25,895 shares of the semiconductor company’s stock worth $1,598,000 after acquiring an additional 17,981 shares during the period. Geode Capital Management LLC boosted its position in shares of Power Integrations by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company’s stock valued at $99,000,000 after purchasing an additional 28,793 shares in the last quarter. Wellington Management Group LLP grew its stake in Power Integrations by 4.5% during the fourth quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock worth $150,879,000 after purchasing an additional 105,034 shares during the period. California Public Employees Retirement System increased its holdings in Power Integrations by 6.0% in the fourth quarter. California Public Employees Retirement System now owns 101,398 shares of the semiconductor company’s stock worth $6,256,000 after purchasing an additional 5,716 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Power Integrations by 28.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,754 shares of the semiconductor company’s stock worth $540,000 after purchasing an additional 1,921 shares in the last quarter.

Wall Street Analyst Weigh In

POWI has been the subject of a number of recent research reports. Susquehanna lowered their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Two equities 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

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.