Power Integrations (NASDAQ:POWI) Director Balu Balakrishnan Sells 118,573 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Balu Balakrishnan sold 118,573 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $81.72, for a total value of $9,689,785.56. Following the completion of the sale, the director directly owned 403,803 shares in the company, valued at approximately $32,998,781.16. This represents a 22.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, May 21st, Balu Balakrishnan sold 53,880 shares of Power Integrations stock. The stock was sold at an average price of $70.71, for a total value of $3,809,854.80.

Power Integrations Trading Up 0.2%

NASDAQ POWI opened at $87.07 on Friday. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $88.17. The stock has a market cap of $4.85 billion, a P/E ratio of 290.24, a P/E/G ratio of 3.78 and a beta of 1.54. The stock’s fifty day moving average price is $63.03 and its 200-day moving average price is $48.80.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, topping 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 firm had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, analysts forecast that Power Integrations, Inc. will post 0.89 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently announced 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 of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio is currently 286.67%.

Analyst Upgrades and Downgrades

Several research firms recently commented on POWI. Benchmark increased their price objective on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Susquehanna increased their price objective on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Stifel Nicolaus increased their price objective on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Three equities 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’s stock. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of “Hold” and a consensus price target of $64.50.

Key Stories Impacting Power Integrations

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

• Negative Sentiment: Director Balu Balakrishnan sold 118,573 shares for about $9.69 million, reducing his stake by 22.7%. SEC filing
• Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, cutting his ownership by 21.7%. SEC filing
• Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.31 million, trimming his position by 18.2%. SEC filing
• Neutral Sentiment: Recent earnings were mixed but supportive: Power Integrations beat EPS and revenue estimates for the quarter, while revenue still grew only modestly year over year and earnings declined from last year.
• Neutral Sentiment: The company also recently announced a quarterly dividend of $0.215 per share, which may help income-focused investors but is not large enough to offset the insider-selling headline.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Power Integrations by 125.5% in the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 453 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Power Integrations in the fourth quarter worth about $36,000. Finally, UMB Bank n.a. boosted its position in Power Integrations by 61.7% in the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares during the last quarter.

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.