Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan Sells 9,544 Shares

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) CEO Balu Balakrishnan sold 9,544 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total transaction of $488,557.36. Following the completion of the transaction, the chief executive officer now owns 590,580 shares in the company, valued at approximately $30,231,790.20. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Balu Balakrishnan also recently made the following trade(s):

• On Monday, February 10th, Balu Balakrishnan sold 6,012 shares of Power Integrations stock. The shares were sold at an average price of $58.26, for a total transaction of $350,259.12.
• On Tuesday, February 4th, Balu Balakrishnan sold 12,507 shares of Power Integrations stock. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48.

Power Integrations Price Performance

Power Integrations stock traded up $0.48 during trading hours on Wednesday, reaching $42.61. The stock had a trading volume of 295,803 shares, compared to its average volume of 558,128. Power Integrations, Inc. has a 52 week low of $40.78 and a 52 week high of $79.13. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 74.76, a PEG ratio of 4.08 and a beta of 1.32. The business's 50 day moving average price is $57.24 and its 200-day moving average price is $61.02.

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Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, sell-side analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. Power Integrations's dividend payout ratio (DPR) is currently 147.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on POWI shares. StockNews.com cut Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Benchmark reaffirmed a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Power Integrations currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Institutional Trading of Power Integrations

A number of institutional investors have recently bought and sold shares of POWI. Wellington Management Group LLP raised its holdings in shares of Power Integrations by 25.6% in the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company's stock worth $150,062,000 after buying an additional 476,986 shares during the last quarter. Norges Bank purchased a new position in Power Integrations in the 4th quarter worth $19,663,000. Federated Hermes Inc. lifted its position in Power Integrations by 40.0% during the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company's stock worth $43,870,000 after acquiring an additional 203,309 shares during the period. JPMorgan Chase & Co. grew its stake in Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock valued at $118,492,000 after purchasing an additional 178,896 shares during the last quarter. Finally, Snyder Capital Management L P increased its holdings in shares of Power Integrations by 22.3% in the fourth quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock valued at $54,451,000 after purchasing an additional 160,784 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.