Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) CFO Sandeep Nayyar sold 1,929 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $98,166.81. Following the completion of the transaction, the chief financial officer now owns 107,357 shares in the company, valued at approximately $5,463,397.73. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Sandeep Nayyar also recently made the following trade(s):
- On Monday, February 10th, Sandeep Nayyar sold 1,877 shares of Power Integrations stock. The shares were sold at an average price of $58.01, for a total value of $108,884.77.
- On Tuesday, February 4th, Sandeep Nayyar sold 5,152 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total value of $312,984.00.
Power Integrations Stock Performance
POWI stock traded up $0.48 during mid-day trading on Wednesday, hitting $42.61. The company had a trading volume of 295,803 shares, compared to its average volume of 558,128. The firm has a market cap of $2.42 billion, a PE ratio of 74.76, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a 12 month low of $40.78 and a 12 month high of $79.13. The stock's fifty day moving average price is $57.24 and its two-hundred day moving average price is $61.02.
Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS 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%. Equities analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.
Power Integrations Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid 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 payout ratio is 147.37%.
Institutional Investors Weigh In On Power Integrations
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake 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 purchasing an additional 476,986 shares in the last quarter. Norges Bank purchased a new position in Power Integrations in the 4th quarter valued at approximately $19,663,000. Federated Hermes Inc. grew its stake in Power Integrations by 40.0% in the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company's stock valued at $43,870,000 after buying an additional 203,309 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 178,896 shares during the period. Finally, Snyder Capital Management L P lifted its position in shares of Power Integrations by 22.3% during the fourth quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock worth $54,451,000 after acquiring an additional 160,784 shares in the last quarter.
Analysts Set New Price Targets
A number of equities analysts have issued reports on POWI shares. Benchmark reaffirmed a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.
Read Our Latest Stock Analysis on Power Integrations
About Power Integrations
(
Get Free Report)
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.
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