Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan Sells 10,393 Shares

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Radu Barsan sold 10,393 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now directly owns 45,295 shares of the company's stock, valued at approximately $2,993,093.60. This trade represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Power Integrations Price Performance

Shares of POWI traded up $0.41 during midday trading on Friday, hitting $60.80. 466,031 shares of the company traded hands, compared to its average volume of 512,835. The stock has a 50-day moving average of $61.71 and a 200-day moving average of $62.69. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $79.13. The firm has a market cap of $3.46 billion, a P/E ratio of 106.67, a PEG ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI - Get Free Report) 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%. Sell-side analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

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Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. Power Integrations's dividend payout ratio is currently 147.37%.

Institutional Trading of Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in shares of Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc grew its stake in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. increased its holdings 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 worth $39,000 after buying an additional 192 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock valued at $42,000 after buying an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Power Integrations during the 4th quarter worth $51,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on POWI. Benchmark reaffirmed a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Susquehanna dropped their price objective on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.00.

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.