Key Points
- Insider selling: VP Gagan Jain sold 313 shares on April 2 at an average of $51.93 and has sold a total of 4,946 shares since late January worth about $237,531, trimming his stake by 1.21% to 25,556 shares.
- Company performance and payout: Power Integrations beat quarterly EPS estimates ($0.23 vs. $0.19) with $103.2M revenue (down 1.9% YoY), trades at a P/E of 131.9 with a $2.85B market cap, and recently raised its quarterly dividend to $0.215 (annual $0.86, yield ~1.7%; DPR 220.5%).
Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Gagan Jain sold 313 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $51.93, for a total value of $16,254.09. Following the transaction, the vice president owned 25,556 shares in the company, valued at $1,327,123.08. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Gagan Jain also recently made the following trade(s):
- On Wednesday, February 25th, Gagan Jain sold 3,481 shares of Power Integrations stock. The stock was sold at an average price of $48.22, for a total value of $167,853.82.
- 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 stock was sold at an average price of $46.50, for a total value of $46,267.50.
Power Integrations Price Performance
Power Integrations stock opened at $51.44 on Tuesday. The stock's 50-day moving average is $47.67 and its 200-day moving average is $41.96. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 131.90, a price-to-earnings-growth ratio of 3.98 and a beta of 1.30. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $60.12.
Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The company had revenue of $103.20 million for the quarter, compared to the consensus estimate of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. Research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.
Power Integrations Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were issued a $0.215 dividend. This is a positive change from Power Integrations's previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.7%. Power Integrations's dividend payout ratio (DPR) is 220.51%.
Institutional Investors Weigh In On Power Integrations
A number of hedge funds have recently bought and sold shares of the business. Invesco Ltd. grew its stake in Power Integrations by 80.9% during the 4th quarter. Invesco Ltd. now owns 242,853 shares of the semiconductor company's stock valued at $8,631,000 after purchasing an additional 108,599 shares in the last quarter. Vident Advisory LLC grew its stake in Power Integrations by 13.0% during the 4th quarter. Vident Advisory LLC now owns 11,697 shares of the semiconductor company's stock valued at $416,000 after purchasing an additional 1,349 shares in the last quarter. State of Tennessee Department of Treasury grew its stake in Power Integrations by 6.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 12,400 shares of the semiconductor company's stock valued at $441,000 after purchasing an additional 744 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Power Integrations by 20.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 26,362 shares of the semiconductor company's stock valued at $937,000 after purchasing an additional 4,520 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Power Integrations during the 4th quarter valued at approximately $483,000.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Zacks Research upgraded Power Integrations from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. Benchmark raised their price objective on Power Integrations from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Monday. Weiss Ratings reiterated a "sell (d)" rating on shares of Power Integrations in a research note on Monday, December 29th. Northland Securities lowered Power Integrations from an "outperform" rating to a "market perform" rating and set a $46.00 target price for the company. in a research note on Monday. Finally, Susquehanna increased their target price on Power Integrations from $50.00 to $53.00 and gave the company a "positive" rating in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $59.75.
View Our Latest Stock Analysis on Power Integrations
About Power Integrations
(
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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