Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker Sells 1,088 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,088 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the sale, the vice president now directly owns 141,765 shares of the company’s stock, valued at approximately $7,214,420.85. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Clifford Walker also recently made the following trade(s):

• On Monday, February 10th, Clifford Walker sold 1,131 shares of Power Integrations stock. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31.
• On Tuesday, February 4th, Clifford Walker sold 2,472 shares of Power Integrations stock. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00.

Power Integrations Stock Down 2.7 %

Shares of POWI opened at $43.68 on Friday. The business’s 50-day moving average price is $58.27 and its 200-day moving average price is $61.38. Power Integrations, Inc. has a twelve month low of $41.19 and a twelve month high of $79.13. The stock has a market cap of $2.48 billion, a PE ratio of 76.63, a P/E/G ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, February 28th. Power Integrations’s payout ratio is 147.37%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on POWI. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Institutional Trading of Power Integrations

Hedge funds have recently bought and sold shares of the company. Citigroup Inc. raised its stake in shares of Power Integrations by 158.4% during the third quarter. Citigroup Inc. now owns 56,612 shares of the semiconductor company’s stock worth $3,630,000 after acquiring an additional 34,707 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Power Integrations by 0.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 103,451 shares of the semiconductor company’s stock worth $6,632,000 after purchasing an additional 419 shares during the period. FMR LLC lifted its stake in Power Integrations by 164.6% in the third quarter. FMR LLC now owns 17,247 shares of the semiconductor company’s stock worth $1,106,000 after purchasing an additional 10,728 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Power Integrations by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock valued at $3,665,000 after buying an additional 27,016 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in shares of Power Integrations by 12.5% in the third quarter. Glenmede Trust Co. NA now owns 4,495 shares of the semiconductor company’s stock worth $288,000 after buying an additional 498 shares during the period.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.