Key Points
- Director Balu Balakrishnan sold 118,573 shares of Power Integrations on May 26 at an average price of $81.72, worth about $9.69 million. The sale reduced his ownership by 22.7% to 403,803 shares.
- Power Integrations’ latest earnings beat expectations, with quarterly EPS of $0.25 versus the $0.23 consensus and revenue of $108.31 million, slightly above estimates. However, earnings fell from the prior year and revenue growth was modest at 2.6%.
- The company also announced a quarterly dividend of $0.215 per share, payable June 30, while analyst views remain mixed with a consensus rating of Hold and an average target price of $64.50.
Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) Director Nicholas Brathwaite sold 6,655 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $82.71, for a total transaction of $550,435.05. Following the transaction, the director directly owned 23,954 shares of the company's stock, valued at $1,981,235.34. This represents a 21.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Nicholas Brathwaite also recently made the following trade(s):
- On Wednesday, May 13th, Nicholas Brathwaite sold 6,895 shares of Power Integrations stock. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95.
Power Integrations Stock Performance
Shares of POWI stock opened at $87.07 on Friday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $88.17. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 290.24, a P/E/G ratio of 3.78 and a beta of 1.54. The firm has a fifty day moving average of $63.03 and a 200-day moving average of $48.80.
Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $108.31 million during the quarter, compared to analysts' expectations of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. On average, sell-side analysts predict that Power Integrations, Inc. will post 0.89 earnings per share for the current year.
Power Integrations Dividend Announcement
The business 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 dividend on an annualized basis and a yield of 1.0%. Power Integrations's dividend payout ratio is currently 286.67%.
Analyst Ratings Changes
Several brokerages have recently issued reports on POWI. Benchmark raised their target price on shares of Power Integrations from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, April 6th. Susquehanna raised their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a "positive" rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Power Integrations in a research note on Friday, May 8th. Stifel Nicolaus raised their target price on shares of Power Integrations from $56.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Power Integrations in a research note 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $64.50.
Get Our Latest Stock Report on Power Integrations
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Baird Financial Group Inc. grew its stake in shares of 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 buying an additional 261 shares in the last quarter. Royal Bank of Canada increased its holdings in Power Integrations by 5.0% during the first 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. increased its holdings 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 worth $1,701,000 after buying an additional 1,461 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings 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 worth $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 increased its holdings in Power Integrations by 15.5% during 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 buying an additional 23,389 shares during the last quarter.
Trending Headlines about Power Integrations
Here are the key news stories impacting Power Integrations this week:
- Negative Sentiment: Director Balu Balakrishnan sold 118,573 shares for about $9.69 million, reducing his stake by 22.7%. SEC filing
- Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, cutting his ownership by 21.7%. SEC filing
- Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.31 million, trimming his position by 18.2%. SEC filing
- Neutral Sentiment: Recent earnings were mixed but supportive: Power Integrations beat EPS and revenue estimates for the quarter, while revenue still grew only modestly year over year and earnings declined from last year.
- Neutral Sentiment: The company also recently announced a quarterly dividend of $0.215 per share, which may help income-focused investors but is not large enough to offset the insider-selling headline.
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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