Key Points
- Power Integrations VP Sunil Gupta sold 6,860 shares on May 29 at an average price of $83.67, totaling about $573,976. After the sale, he still held 64,379 shares.
- Gupta also sold 15,894 shares earlier in the week on May 26 at an average price of $82.18, bringing his recent insider sales to more than $1.8 million.
- The company recently beat quarterly earnings expectations with EPS of $0.25 versus $0.23 expected and revenue of $108.31 million, while also announcing a quarterly dividend of $0.215 per share.
Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Sunil Gupta sold 6,860 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $83.67, for a total transaction of $573,976.20. Following the completion of the sale, the vice president owned 64,379 shares in the company, valued at $5,386,590.93. This represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sunil Gupta also recently made the following trade(s):
- On Tuesday, May 26th, Sunil Gupta sold 15,894 shares of Power Integrations stock. The stock was sold at an average price of $82.18, for a total transaction of $1,306,168.92.
Power Integrations Price Performance
NASDAQ POWI opened at $84.19 on Wednesday. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $89.00. The stock has a market capitalization of $4.69 billion, a PE ratio of 280.64, a P/E/G ratio of 3.56 and a beta of 1.57. The company's 50 day simple moving average is $64.49 and its two-hundred day simple moving average is $49.47.
Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results 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. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business had revenue of $108.31 million for the quarter, compared to analysts' expectations of $106.75 million. During the same period in the prior year, the company posted $0.31 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Power Integrations, Inc. will post 0.89 EPS for the current year.
Power Integrations Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $0.215 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.86 annualized dividend and a yield of 1.0%. Power Integrations's dividend payout ratio is currently 286.67%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Power Integrations from $56.00 to $62.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. Susquehanna increased their target price on shares of Power Integrations from $70.00 to $85.00 and gave the stock a "positive" rating in a research note on Friday, May 8th. Zacks Research upgraded shares of Power Integrations from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 26th. Weiss Ratings restated a "sell (d+)" rating on shares of Power Integrations in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Power Integrations in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $64.50.
Read Our Latest Report on POWI
Institutional Trading of Power Integrations
Several institutional investors and hedge funds have recently made changes to their positions in POWI. Geneos Wealth Management Inc. raised its position in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock valued at $32,000 after buying an additional 536 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Power Integrations by 77.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company's stock valued at $34,000 after buying an additional 371 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Power Integrations during the 4th quarter valued at $36,000. UMB Bank n.a. raised its position in shares of Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company's stock valued at $38,000 after buying an additional 410 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Power Integrations by 125.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company's stock valued at $42,000 after buying an additional 453 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.
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