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 business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77. Following the sale, the chief financial officer now owns 112,653 shares of the company’s stock, valued at $6,535,000.53. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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 transaction of $312,984.00.

Power Integrations Stock Up 1.3 %

Power Integrations stock opened at $59.09 on Thursday. The stock has a market cap of $3.36 billion, a P/E ratio of 103.67, a P/E/G ratio of 3.96 and a beta of 1.11. The company’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 52 week low of $56.63 and a 52 week high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data 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 net margin of 7.69% and a return on equity of 4.49%. On average, equities analysts anticipate that Power Integrations, Inc. will post 0.9 EPS for the current year.

Power Integrations Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on POWI shares. Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Two investment 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’s stock. According to MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and an average price target of $78.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its holdings in shares of Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc increased its position in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after buying an additional 534 shares during the last quarter. UMB Bank n.a. raised 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 valued at $39,000 after buying an additional 192 shares during the period. Truvestments Capital LLC purchased a new position in shares of Power Integrations during the 3rd quarter valued at $87,000. Finally, KBC Group NV grew its stake in shares of Power Integrations by 32.0% during the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 432 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.