Power Integrations Inc (NASDAQ:POWI) VP Ben Sutherland sold 10,206 shares of Power Integrations stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $91.55, for a total value of $934,359.30. Following the completion of the transaction, the vice president now owns 30,974 shares of the company’s stock, valued at approximately $2,835,669.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Ben Sutherland also recently made the following trade(s):
- On Monday, August 19th, Ben Sutherland sold 191 shares of Power Integrations stock. The shares were sold at an average price of $87.78, for a total value of $16,765.98.
- On Thursday, August 15th, Ben Sutherland sold 364 shares of Power Integrations stock. The shares were sold at an average price of $83.77, for a total value of $30,492.28.
NASDAQ:POWI opened at $90.53 on Friday. Power Integrations Inc has a 12-month low of $47.35 and a 12-month high of $102.38. The stock’s 50 day simple moving average is $88.64 and its 200-day simple moving average is $78.77. The firm has a market cap of $2.72 billion, a P/E ratio of 52.33 and a beta of 1.26.
Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The business had revenue of $102.87 million for the quarter, compared to the consensus estimate of $100.04 million. Power Integrations had a return on equity of 9.87% and a net margin of 14.79%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 earnings per share. On average, analysts expect that Power Integrations Inc will post 1.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a $0.17 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.68 annualized dividend and a yield of 0.75%. Power Integrations’s payout ratio is currently 31.78%.
Several equities research analysts recently weighed in on the company. Stifel Nicolaus set a $97.00 target price on Power Integrations and gave the stock a “buy” rating in a research note on Friday, July 26th. Loop Capital reaffirmed a “hold” rating and set a $76.00 price target on shares of Power Integrations in a research report on Tuesday, June 18th. Deutsche Bank set a $80.00 price target on Power Integrations and gave the stock a “hold” rating in a research report on Friday, July 26th. Northland Securities reaffirmed an “underperform” rating and set a $70.00 price target on shares of Power Integrations in a research report on Monday, July 29th. Finally, BidaskClub raised Power Integrations from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.60.
Institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank increased its stake in Power Integrations by 19.9% in the second quarter. Huntington National Bank now owns 1,042 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 173 shares during the last quarter. Cutler Group LP increased its stake in Power Integrations by 222.2% during the first quarter. Cutler Group LP now owns 1,305 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 900 shares during the last quarter. ETF Managers Group LLC increased its stake in Power Integrations by 10.5% during the first quarter. ETF Managers Group LLC now owns 2,103 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 199 shares during the last quarter. Magnus Financial Group LLC acquired a new stake in Power Integrations during the second quarter worth about $220,000. Finally, CAPROCK Group Inc. acquired a new stake in Power Integrations during the second quarter worth about $224,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Power Integrations Company Profile
Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.
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