Power Integrations (NASDAQ:POWI) Director Nicholas Brathwaite Sells 6,895 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) Director Nicholas Brathwaite sold 6,895 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director owned 30,609 shares of the company’s stock, valued at $2,216,397.69. The trade was a 18.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Power Integrations Stock Performance

Shares of POWI stock opened at $73.24 on Friday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $81.59. The firm has a market capitalization of $4.08 billion, a PE ratio of 244.14, a PEG ratio of 4.36 and a beta of 1.54. The stock has a fifty day simple moving average of $57.95 and a two-hundred day simple moving average of $46.55.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (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 business had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. During the same quarter in the prior year, the business posted $0.31 EPS. Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that Power Integrations, Inc. will post 0.64 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. Power Integrations’s dividend payout ratio (DPR) is presently 286.67%.

Wall Street Analyst Weigh In

POWI has been the subject of a number of research analyst reports. Susquehanna raised 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 upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Stifel Nicolaus lifted their price target on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in POWI. Baird Financial Group Inc. lifted its stake in Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 261 shares during the last quarter. Royal Bank of Canada lifted its stake in Power Integrations by 5.0% in the first quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock worth $3,827,000 after purchasing an additional 3,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Power Integrations by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock worth $1,701,000 after purchasing an additional 1,461 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Power Integrations by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock worth $28,904,000 after purchasing an additional 74,107 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Power Integrations by 15.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock worth $8,825,000 after purchasing an additional 23,389 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.