Radu Barsan Sells 10,393 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the sale, the vice president now owns 45,295 shares of the company’s stock, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $64.89 on Tuesday. The business has a 50-day moving average of $61.71 and a 200 day moving average of $62.67. Power Integrations, Inc. has a 12 month low of $56.63 and a 12 month high of $79.13. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 113.84, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 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 4.48%. Equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Wall Street Analyst Weigh In

POWI has been the subject of several analyst reports. StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Finally, Susquehanna cut 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. Two 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Hedge Funds Weigh In On Power Integrations

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Power Integrations by 25.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after buying an additional 476,986 shares during the period. Norges Bank purchased a new position in shares of Power Integrations in the 4th quarter valued at about $19,663,000. Federated Hermes Inc. boosted its stake in shares of Power Integrations by 40.0% in the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company’s stock valued at $43,870,000 after buying an additional 203,309 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Power Integrations by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock valued at $118,492,000 after buying an additional 178,896 shares during the period. Finally, Snyder Capital Management L P boosted its stake in shares of Power Integrations by 22.3% in the 4th quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company’s stock valued at $54,451,000 after buying an additional 160,784 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.