Power Integrations, Inc. (POWI) VP Radu Barsan Sells 143 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 143 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $78.86, for a total value of $11,276.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Power Integrations, Inc. (NASDAQ:POWI) traded down $1.20 during midday trading on Wednesday, hitting $78.35. The stock had a trading volume of 78,100 shares, compared to its average volume of 174,015. Power Integrations, Inc. has a twelve month low of $61.44 and a twelve month high of $86.60. The stock has a market capitalization of $2,363.97, a P/E ratio of 37.88 and a beta of 1.29.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. Power Integrations had a return on equity of 11.95% and a net margin of 13.69%. The business had revenue of $111.30 million during the quarter, compared to the consensus estimate of $111.82 million. During the same period in the prior year, the business posted $0.67 earnings per share. Power Integrations’s revenue was up 9.5% compared to the same quarter last year. sell-side analysts expect that Power Integrations, Inc. will post 2.06 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Wednesday, November 29th. Power Integrations’s dividend payout ratio is 29.02%.

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Several hedge funds and other institutional investors have recently made changes to their positions in POWI. UBS Asset Management Americas Inc. lifted its holdings in shares of Power Integrations by 49.4% during the first quarter. UBS Asset Management Americas Inc. now owns 15,379 shares of the semiconductor company’s stock valued at $1,011,000 after purchasing an additional 5,086 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Power Integrations by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,452 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 118 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Power Integrations by 6.4% during the first quarter. Vanguard Group Inc. now owns 2,537,323 shares of the semiconductor company’s stock valued at $166,829,000 after purchasing an additional 153,103 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Power Integrations by 14.3% during the first quarter. Geode Capital Management LLC now owns 247,794 shares of the semiconductor company’s stock valued at $16,291,000 after purchasing an additional 30,912 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Power Integrations by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 687,687 shares of the semiconductor company’s stock valued at $45,215,000 after purchasing an additional 8,689 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $85.00 price objective (up previously from $82.00) on shares of Power Integrations in a report on Sunday, July 30th. Drexel Hamilton restated a “buy” rating and issued a $84.00 price objective on shares of Power Integrations in a report on Friday, October 27th. Zacks Investment Research upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub lowered Power Integrations from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Deutsche Bank AG lowered Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a report on Tuesday, July 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Power Integrations presently has a consensus rating of “Buy” and a consensus target price of $83.50.

About Power Integrations

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

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