Key Points
- Power Integrations VP Gagan Jain sold 3,481 shares on Feb. 25 at an average price of $48.22 for $167,853.82, reducing his position by 10.16% to 30,769 shares.
- The company beat quarterly EPS expectations ($0.23 vs. $0.19) while revenue fell 1.9% year‑over‑year to $103.2M, and raised its quarterly dividend to $0.215 (annualized $0.86, 1.8% yield; ex-dividend Feb. 27).
- POWI stock has a $2.66B market cap, was down about 1.1% on the day, and carries an average analyst rating of "Hold" with a $61 average price target.
Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Gagan Jain sold 3,481 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total value of $167,853.82. Following the completion of the transaction, the vice president owned 30,769 shares of the company's stock, valued at $1,483,681.18. This trade represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Gagan Jain also recently made the following trade(s):
- On Tuesday, February 3rd, Gagan Jain sold 157 shares of Power Integrations stock. The stock was sold at an average price of $45.58, for a total value of $7,156.06.
- On Thursday, January 29th, Gagan Jain sold 995 shares of Power Integrations stock. The shares were sold at an average price of $46.50, for a total transaction of $46,267.50.
Power Integrations Stock Down 1.1%
Shares of POWI stock opened at $47.92 on Friday. The firm has a market cap of $2.66 billion, a P/E ratio of 122.87, a PEG ratio of 3.68 and a beta of 1.37. The company has a 50 day moving average of $43.29 and a 200-day moving average of $41.48. Power Integrations, Inc. has a 12-month low of $30.86 and a 12-month high of $63.04.
Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. As a group, equities analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.
Power Integrations Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, February 27th. This is an increase from Power Integrations's previous quarterly dividend of $0.21. Power Integrations's dividend payout ratio is currently 215.38%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on POWI shares. Zacks Research raised shares of Power Integrations from a "strong sell" rating to a "hold" rating in a report on Thursday. Benchmark reissued a "buy" rating and set a $55.00 price objective on shares of Power Integrations in a report on Friday, February 6th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Power Integrations in a report on Monday, December 29th. Finally, Susquehanna upped their price target on Power Integrations from $50.00 to $53.00 and gave the company a "positive" rating in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $61.00.
Read Our Latest Report on POWI
Institutional Trading of Power Integrations
A number of large investors have recently modified their holdings of the business. Baird Financial Group Inc. raised its stake in Power Integrations by 5.4% in 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 holdings in shares of Power Integrations by 5.0% in the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company's stock worth $3,827,000 after buying an additional 3,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Power Integrations by 4.5% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. grew its position in Power Integrations by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company's stock worth $28,904,000 after acquiring an additional 74,107 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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.
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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