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

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Clifford Walker sold 1,088 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the sale, the vice president now owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 shares were sold at an average price of $60.75, for a total value of $150,174.00.

Power Integrations Price Performance

Shares of POWI stock traded up $0.48 during mid-day trading on Wednesday, hitting $42.61. The stock had a trading volume of 295,803 shares, compared to its average volume of 558,128. The company's 50-day simple moving average is $57.24 and its 200-day simple moving average is $61.02. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The firm has a market cap of $2.42 billion, a PE ratio of 74.76, a PEG ratio of 4.08 and a beta of 1.32.

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Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current 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. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.97%. Power Integrations's dividend payout ratio is presently 147.37%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Benchmark reaffirmed a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Power Integrations presently has an average rating of "Moderate Buy" and an average target price of $78.00.

Institutional Trading of Power Integrations

A number of institutional investors have recently added to or reduced their stakes in POWI. Citigroup Inc. boosted its stake in shares of Power Integrations by 158.4% during the 3rd 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 holdings in Power Integrations by 0.4% during the third 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 last quarter. FMR LLC boosted its position in Power Integrations by 164.6% during 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 in the last quarter. BNP Paribas Financial Markets grew its holdings in Power Integrations by 89.6% in the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company's stock valued at $3,665,000 after purchasing an additional 27,016 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position 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 valued at $288,000 after buying an additional 498 shares in the last quarter.

About Power Integrations

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.