Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker Sells 10,000 Shares

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the sale, the vice president now directly owns 130,934 shares in the company, valued at approximately $8,426,912.24. This represents a 7.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Power Integrations Price Performance

NASDAQ:POWI opened at $65.51 on Friday. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $89.68. The stock’s fifty day moving average price is $63.22 and its two-hundred day moving average price is $67.43. The company has a market cap of $3.73 billion, a P/E ratio of 99.26, a P/E/G ratio of 7.01 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. During the same quarter last year, the company earned $0.35 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. On average, analysts expect that Power Integrations, Inc. will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is 121.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. TD Cowen decreased their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Benchmark reissued a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, November 8th. Finally, Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 150 shares during the period. Mather Group LLC. raised its holdings in shares of Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Power Integrations during the 2nd quarter valued at about $63,000. Truvestments Capital LLC bought a new stake in shares of Power Integrations during the 3rd quarter valued at about $87,000. Finally, Quest Partners LLC grew its holdings in shares of Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 240 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.