Key Points
- Director Balu Balakrishnan sold 124,287 shares of Power Integrations at an average price of $86.44, for proceeds of about $10.7 million. The sale reduced his direct ownership by roughly 30.8%.
- Balakrishnan also made two earlier sales in the prior week, including 118,573 shares on May 26 and 53,880 shares on May 21, reinforcing a notable insider-selling trend.
- Power Integrations recently beat quarterly EPS and revenue estimates and announced a quarterly dividend, but analysts 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 1,728 shares of the business's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $86.62, for a total transaction of $149,679.36. Following the sale, the director directly owned 22,226 shares of the company's stock, valued at $1,925,216.12. This represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Nicholas Brathwaite also recently made the following trade(s):
- On Tuesday, May 26th, Nicholas Brathwaite sold 6,655 shares of Power Integrations stock. The shares were sold at an average price of $82.71, for a total transaction of $550,435.05.
- 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 Down 3.5%
Shares of NASDAQ POWI opened at $84.00 on Friday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $89.00. The firm has a fifty day moving average of $63.79 and a 200-day moving average of $49.05. The stock has a market capitalization of $4.68 billion, a PE ratio of 280.01, a P/E/G ratio of 3.79 and a beta of 1.54.
Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million during the quarter, compared to analysts' expectations of $106.75 million. During the same period in the prior year, the company earned $0.31 EPS. The firm's revenue was up 2.6% on a year-over-year basis. Equities research analysts expect that Power Integrations, Inc. will post 0.89 EPS for the current fiscal year.
Power Integrations Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations's dividend payout ratio is 286.67%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on POWI. Susquehanna upped their price target on shares of Power Integrations from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Friday, May 8th. Zacks Research raised shares of Power Integrations from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 26th. Stifel Nicolaus upped their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Power Integrations in a research report on Friday, May 8th. Finally, Benchmark upped their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $64.50.
Check Out Our Latest Report on Power Integrations
Power Integrations News Roundup
Here are the key news stories impacting Power Integrations this week:
- Negative Sentiment: Director Balu Balakrishnan sold 124,287 shares for about $10.7 million, following an earlier sale of 118,573 shares, signaling a meaningful reduction in his position. SEC filing
- Negative Sentiment: Director Nicholas Brathwaite sold 6,655 shares for about $550,000, adding to a prior sale this week and reinforcing the insider-selling trend. SEC filing
- Negative Sentiment: Vice President Sunil Gupta sold 15,894 shares for about $1.3 million, further increasing concerns that insiders may see limited near-term upside. SEC filing
- Neutral Sentiment: Recent results were mixed but not weak: Power Integrations beat quarterly EPS and revenue estimates, though growth was modest and earnings declined from a year earlier.
- Neutral Sentiment: The company also announced a quarterly dividend, which may support income investors, but the payout is small relative to the current valuation and does not offset the insider-selling headlines.
Hedge Funds Weigh In On Power Integrations
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Power Integrations by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company's stock valued at $268,573,000 after buying an additional 409,643 shares during the last quarter. State Street Corp boosted its position in Power Integrations by 18.0% in the 4th quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company's stock valued at $120,870,000 after buying an additional 518,284 shares during the last quarter. Wellington Management Group LLP boosted its position in Power Integrations by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company's stock valued at $86,148,000 after buying an additional 162,691 shares during the last quarter. Snyder Capital Management L P boosted its position in Power Integrations by 148.8% in the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company's stock valued at $73,380,000 after buying an additional 1,234,981 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Power Integrations by 1.4% in the 4th quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company's stock valued at $52,583,000 after purchasing an additional 20,618 shares in the last quarter.
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.
Further Reading
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