Power Integrations (NASDAQ:POWI) Director Sells $10,743,368.28 in Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 124,287 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the transaction, the director owned 279,516 shares of the company’s stock, valued at $24,161,363.04. The trade was a 30.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Balu Balakrishnan also recently made the following trade(s):

• On Tuesday, May 26th, Balu Balakrishnan sold 118,573 shares of Power Integrations stock. The shares were sold at an average price of $81.72, for a total value of $9,689,785.56.
• On Thursday, May 21st, Balu Balakrishnan sold 53,880 shares of Power Integrations stock. The shares were sold at an average price of $70.71, for a total value of $3,809,854.80.

Power Integrations Stock Performance

Shares of POWI opened at $84.00 on Monday. Power Integrations, Inc. has a 52 week low of $30.86 and a 52 week high of $89.00. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 280.01, a PEG ratio of 3.65 and a beta of 1.57. The stock has a fifty day moving average of $63.79 and a 200-day moving average of $49.14.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The company had revenue of $108.31 million during the quarter, compared to analysts’ expectations of $106.75 million. During the same period in the prior year, the company earned $0.31 EPS. Power Integrations’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is presently 286.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Benchmark increased their price target on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Stifel Nicolaus increased their price objective on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a report on Monday, April 6th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.50.

Institutional Trading of Power Integrations

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cim Investment Management Inc. acquired a new stake in Power Integrations in the first quarter valued at $246,000. Bank of America Corp DE increased its holdings in Power Integrations by 1.1% in the first quarter. Bank of America Corp DE now owns 601,468 shares of the semiconductor company’s stock valued at $30,795,000 after purchasing an additional 6,633 shares during the period. Amundi increased its holdings in Power Integrations by 10.1% in the first quarter. Amundi now owns 11,485 shares of the semiconductor company’s stock valued at $588,000 after purchasing an additional 1,050 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Power Integrations by 125.5% in the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 453 shares during the period. Finally, California State Teachers Retirement System increased its holdings in Power Integrations by 25.2% in the first quarter. California State Teachers Retirement System now owns 65,641 shares of the semiconductor company’s stock valued at $3,361,000 after purchasing an additional 13,215 shares during the period.

Power Integrations News Roundup

Here are the key news stories impacting Power Integrations this week:

• Negative Sentiment: Director Balu Balakrishnan sold 124,287 shares for about $10.7 million, following an earlier sale of 118,573 shares, signaling a meaningful reduction in his position. SEC filing
• Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, adding to a prior sale this week and reinforcing the insider-selling trend. SEC filing
• Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.3 million, further increasing concerns that insiders may see limited near-term upside. SEC filing
• Neutral Sentiment: Recent results were mixed but not weak: Power Integrations beat quarterly EPS and revenue estimates, though growth was modest and earnings declined from a year earlier.
• Neutral Sentiment: The company also announced a quarterly dividend, which may support income investors, but the payout is small relative to the current valuation and does not offset the insider-selling headlines.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.