Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) VP Sells 1,088 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,088 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $55,368.32. Following the sale, the vice president now owns 141,765 shares of the company’s stock, valued at $7,214,420.85. This represents a 0.76 % decrease in their ownership of the stock. The transaction 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 Monday, February 10th, Clifford Walker sold 1,131 shares of Power Integrations stock. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31.
• On Tuesday, February 4th, Clifford Walker sold 2,472 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total value of $150,174.00.

Power Integrations Stock Down 2.7 %

Shares of NASDAQ POWI opened at $43.68 on Friday. Power Integrations, Inc. has a twelve month low of $41.19 and a twelve month high of $79.13. The company has a 50 day moving average of $58.27 and a 200 day moving average of $61.38. The firm has a market cap of $2.48 billion, a P/E ratio of 76.63, a PEG ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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 4.48%. As a group, equities analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations’s payout ratio is 147.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on POWI. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday. 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. Three analysts have rated the stock with a hold rating, four 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 has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of POWI. Wealth Enhancement Advisory Services LLC increased its stake in shares of Power Integrations by 16.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,057 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 840 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Power Integrations by 0.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,365 shares of the semiconductor company’s stock valued at $9,339,000 after purchasing an additional 1,371 shares during the period. Two Sigma Advisers LP increased its position in Power Integrations by 3.4% in the fourth quarter. Two Sigma Advisers LP now owns 12,200 shares of the semiconductor company’s stock worth $753,000 after buying an additional 400 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in shares of Power Integrations by 1.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock worth $748,000 after buying an additional 211 shares during the period. Finally, Shell Asset Management Co. lifted its position in shares of Power Integrations by 12.4% during the 4th quarter. Shell Asset Management Co. now owns 61,964 shares of the semiconductor company’s stock valued at $3,823,000 after buying an additional 6,836 shares in the last quarter.

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.