Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Clifford Walker sold 1,096 shares of the company's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total transaction of $75,667.84. Following the transaction, the vice president now directly owns 140,834 shares of the company's stock, valued at approximately $9,723,179.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Power Integrations Stock Up 0.8 %
NASDAQ:POWI opened at $69.52 on Thursday. Power Integrations, Inc. has a 12-month low of $66.90 and a 12-month high of $99.60. The firm has a market capitalization of $3.95 billion, a PE ratio of 71.67 and a beta of 1.21. The firm has a 50-day moving average price of $73.05 and a 200 day moving average price of $75.73.
Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. The company had revenue of $89.51 million during the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. On average, research analysts expect that Power Integrations, Inc. will post 0.65 EPS for the current year.
Power Integrations Dividend Announcement
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The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, February 28th. Power Integrations's payout ratio is 82.47%.
Institutional Trading of Power Integrations
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Power Integrations by 4.5% during the second quarter. BlackRock Inc. now owns 6,996,813 shares of the semiconductor company's stock worth $662,388,000 after buying an additional 299,127 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Power Integrations by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,423,530 shares of the semiconductor company's stock valued at $527,436,000 after purchasing an additional 21,139 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company's stock valued at $195,073,000 after purchasing an additional 154,032 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Power Integrations by 2.8% during the first quarter. Wellington Management Group LLP now owns 2,496,977 shares of the semiconductor company's stock valued at $231,420,000 after purchasing an additional 67,672 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Power Integrations by 4.0% during the first quarter. State Street Corp now owns 2,363,621 shares of the semiconductor company's stock valued at $200,057,000 after purchasing an additional 91,770 shares during the last quarter.
Analyst Upgrades and Downgrades
POWI has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of Power Integrations from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, January 2nd. TD Cowen upped their price objective on shares of Power Integrations from $65.00 to $80.00 and gave the company a "market perform" rating in a research report on Friday, February 9th. Benchmark upped their price objective on shares of Power Integrations from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Northland Securities raised shares of Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 price target for the company in a research report on Monday, February 26th. Finally, StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.17.
Get Our Latest Stock Analysis on Power Integrations
About Power Integrations
(
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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.
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