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

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 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 owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 Stock Down 9.0 %

NASDAQ:POWI traded down $4.35 during midday trading on Thursday, hitting $43.98. The company had a trading volume of 235,719 shares, compared to its average volume of 563,029. The stock's fifty day moving average price is $56.72 and its 200-day moving average price is $60.85. Power Integrations, Inc. has a 52-week low of $40.78 and a 52-week high of $79.13. The company has a market capitalization of $2.50 billion, a PE ratio of 77.22, a P/E/G 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 net margin of 7.69% and a return on equity of 4.48%. As a group, research analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's dividend payout ratio is presently 147.37%.

Wall Street Analyst Weigh In

POWI has been the topic of several research analyst reports. Benchmark reissued a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three 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, Power Integrations currently has an average rating of "Moderate Buy" and an average price target of $78.00.

Institutional Trading of Power Integrations

Several institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 192 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Power Integrations by 3.4% in the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company's stock worth $400,000 after purchasing an additional 207 shares during the last quarter. Snowden Capital Advisors LLC increased its stake in shares of Power Integrations by 1.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company's stock worth $748,000 after buying an additional 211 shares during the period. Pacer Advisors Inc. raised its holdings in Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company's stock valued at $523,000 after buying an additional 230 shares during the last quarter. Finally, Covestor Ltd boosted its position in Power Integrations by 16.9% during the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock valued at $100,000 after buying an additional 234 shares during the period.

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.