Doug Bailey Sells 8,549 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the transaction, the vice president now owns 86,375 shares in the company, valued at $5,610,920. This represents a 9.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Doug Bailey also recently made the following trade(s):

• On Wednesday, August 21st, Doug Bailey sold 165 shares of Power Integrations stock. The stock was sold at an average price of $67.00, for a total value of $11,055.00.

Power Integrations Stock Down 1.9 %

POWI opened at $62.11 on Friday. The company has a market capitalization of $3.53 billion, a PE ratio of 94.11, a price-to-earnings-growth ratio of 6.86 and a beta of 1.10. The firm has a 50-day simple moving average of $62.38 and a two-hundred day simple moving average of $67.95. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $89.68.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Power Integrations’s revenue was down 7.7% on a year-over-year basis. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.21 per share. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, November 29th. Power Integrations’s payout ratio is presently 121.21%.

Institutional Investors Weigh In On Power Integrations

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its stake in Power Integrations by 29.2% during the first quarter. Janney Montgomery Scott LLC now owns 4,039 shares of the semiconductor company’s stock worth $289,000 after buying an additional 914 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Power Integrations by 6.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,287 shares of the semiconductor company’s stock worth $450,000 after purchasing an additional 367 shares during the last quarter. SG Americas Securities LLC purchased a new position in Power Integrations in the 1st quarter worth about $644,000. Inspire Investing LLC lifted its holdings in Power Integrations by 7.2% during the 1st quarter. Inspire Investing LLC now owns 5,580 shares of the semiconductor company’s stock valued at $399,000 after buying an additional 374 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Power Integrations by 5.0% during the first quarter. ProShare Advisors LLC now owns 214,419 shares of the semiconductor company’s stock worth $15,342,000 after acquiring an additional 10,301 shares during the period.

Wall Street Analyst Weigh In

POWI has been the topic of several research reports. Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Susquehanna cut their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Company Profile

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.