Key Points
- Power Integrations director Balu Balakrishnan sold 53,880 shares on May 21 at an average price of $70.71, for total proceeds of about $3.81 million. After the sale, he still held 522,376 shares, and the trade reduced his position by 9.35%.
- The stock has been moving sharply higher, with shares trading up 18.7% and opening at $84.09. That puts POWI near its 52-week high of $84.90, far above its 50-day and 200-day moving averages.
- Power Integrations recently beat earnings and revenue expectations, reporting $0.25 EPS versus $0.23 expected and revenue of $108.31 million versus $106.75 million estimated. The company also announced a quarterly dividend of $0.215 per share, payable June 30.
Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) Director Balu Balakrishnan sold 53,880 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $70.71, for a total transaction of $3,809,854.80. Following the sale, the director directly owned 522,376 shares in the company, valued at approximately $36,937,206.96. The trade was a 9.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Power Integrations Trading Up 18.7%
POWI stock opened at $84.09 on Wednesday. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $84.90. The company's 50 day moving average is $61.44 and its two-hundred day moving average is $48.08. The stock has a market cap of $4.69 billion, a P/E ratio of 280.31, a PEG ratio of 4.31 and a beta of 1.54.
Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. On average, equities research analysts predict that Power Integrations, Inc. will post 0.64 earnings per share for the current year.
Power Integrations Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Power Integrations's dividend payout ratio (DPR) is presently 286.67%.
Institutional Investors Weigh In On Power Integrations
Several institutional investors have recently modified their holdings of POWI. Baird Financial Group Inc. boosted its stake in shares of Power Integrations by 5.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company's stock worth $255,000 after acquiring an additional 261 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Power Integrations by 5.0% during the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company's stock worth $3,827,000 after acquiring an additional 3,622 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $1,701,000 after acquiring an additional 1,461 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Power Integrations by 14.9% during the 1st 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 boosted its stake in shares of Power Integrations by 15.5% during the 1st 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.
Analysts Set New Price Targets
Several equities analysts have issued reports on POWI shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Power Integrations in a report on Friday, May 8th. Stifel Nicolaus raised their target price on shares of Power Integrations from $56.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Benchmark raised their price target on Power Integrations from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, April 6th. Zacks Research upgraded shares of Power Integrations from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Power Integrations in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $64.50.
View Our Latest Stock Report on POWI
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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