Key Points
- Sunil Gupta, a VP at Power Integrations, sold 1,698 shares on Jan. 29 at an average price of $46.50 for $78,957, trimming his holding by 1.71% to 97,672 shares (about $4.54M), according to an SEC filing.
- POWI opened at $47.12 with a market cap of $2.61B and a P/E of 152; the company reported an EPS of $0.36 (beat by $0.01) and $118.92M in revenue (+2.7% YoY), and analysts carry a consensus "Moderate Buy" with a $61 target after recent target upgrades.
- Power Integrations pays a quarterly dividend of $0.21 (1.8% yield, $0.84 annualized) but has a very high dividend payout ratio of 270.97%, which may signal the dividend is not well covered by earnings.
Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Gagan Jain sold 995 shares of the company's stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $46.50, for a total transaction of $46,267.50. Following the transaction, the vice president directly owned 32,549 shares of the company's stock, valued at approximately $1,513,528.50. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Gagan Jain also recently made the following trade(s):
- On Monday, November 24th, Gagan Jain sold 1,033 shares of Power Integrations stock. The stock was sold at an average price of $33.80, for a total value of $34,915.40.
- On Tuesday, November 4th, Gagan Jain sold 111 shares of Power Integrations stock. The shares were sold at an average price of $40.22, for a total value of $4,464.42.
Power Integrations Stock Performance
NASDAQ POWI opened at $47.12 on Friday. The stock has a market cap of $2.61 billion, a P/E ratio of 152.00, a price-to-earnings-growth ratio of 5.44 and a beta of 1.36. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $68.20. The stock has a 50 day simple moving average of $38.56 and a two-hundred day simple moving average of $42.05.
Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The firm had revenue of $118.92 million for the quarter, compared to analysts' expectations of $118.36 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The business's revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.
Power Integrations Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th were issued a $0.21 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 1.8%. Power Integrations's dividend payout ratio is 270.97%.
Institutional Investors Weigh In On Power Integrations
Several hedge funds have recently bought and sold shares of POWI. Baird Financial Group Inc. increased its stake in shares of Power Integrations by 5.4% during the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company's stock valued at $255,000 after purchasing an additional 261 shares in the last quarter. Royal Bank of Canada increased its position in Power Integrations by 5.0% during the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company's stock valued at $3,827,000 after buying an additional 3,622 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Power Integrations by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company's stock valued at $1,701,000 after buying an additional 1,461 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Power Integrations by 14.9% during the first quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company's stock valued at $28,904,000 after buying an additional 74,107 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 acquiring an additional 23,389 shares in the last quarter.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on POWI. Susquehanna boosted their price target on shares of Power Integrations from $50.00 to $53.00 and gave the company a "positive" rating in a research report on Thursday, January 22nd. Benchmark lifted their price objective on Power Integrations from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, January 16th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Power Integrations in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Power Integrations has an average rating of "Moderate Buy" and an average target price of $61.00.
Get Our Latest Analysis on Power Integrations
Power Integrations Company Profile
(
Get Free Report)
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.
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