Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar Sells 1,877 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 1,877 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77. Following the completion of the transaction, the chief financial officer now owns 112,653 shares in the company, valued at $6,535,000.53. The trade was a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sandeep Nayyar also recently made the following trade(s):

• On Tuesday, February 4th, Sandeep Nayyar sold 5,152 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total value of $312,984.00.

Power Integrations Stock Up 0.8 %

Shares of NASDAQ:POWI opened at $58.34 on Wednesday. The company’s fifty day moving average is $62.14 and its two-hundred day moving average is $62.95. The company has a market cap of $3.32 billion, a P/E ratio of 102.35, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $81.50.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. Equities research analysts anticipate that Power Integrations, Inc. will post 0.9 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.44%. Power Integrations’s dividend payout ratio is currently 147.37%.

Institutional Trading of Power Integrations

Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in shares of Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. increased its position in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the last quarter. Truvestments Capital LLC bought a new position in Power Integrations during the third quarter valued at about $87,000. Finally, KBC Group NV lifted its position in shares of Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after buying an additional 432 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Susquehanna cut their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $78.00.

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.