Power Integrations Inc (NASDAQ:POWI) VP Ben Sutherland sold 738 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $66.51, for a total transaction of $49,084.38. Following the sale, the vice president now directly owns 44,986 shares of the company’s stock, valued at approximately $2,992,018.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ben Sutherland also recently made the following trade(s):
- On Monday, January 29th, Ben Sutherland sold 1,460 shares of Power Integrations stock. The stock was sold at an average price of $77.15, for a total transaction of $112,639.00.
Power Integrations Inc (NASDAQ POWI) opened at $64.85 on Friday. The company has a market cap of $1,928.81, a price-to-earnings ratio of 72.06 and a beta of 1.17. Power Integrations Inc has a 1-year low of $60.55 and a 1-year high of $86.60.
Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $108.20 million during the quarter, compared to the consensus estimate of $110.50 million. Power Integrations had a net margin of 6.39% and a return on equity of 12.70%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. research analysts predict that Power Integrations Inc will post 2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.99%. This is a boost from Power Integrations’s previous quarterly dividend of $0.14. The ex-dividend date is Tuesday, February 27th. Power Integrations’s dividend payout ratio (DPR) is presently 62.22%.
Power Integrations announced that its board has initiated a share repurchase plan on Thursday, February 1st that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
A number of research firms have recently weighed in on POWI. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Wednesday, November 1st. Susquehanna Bancshares began coverage on shares of Power Integrations in a report on Wednesday, December 13th. They issued a “neutral” rating and a $80.00 price objective for the company. They noted that the move was a valuation call. BidaskClub downgraded shares of Power Integrations from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 7th. Drexel Hamilton reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Power Integrations in a report on Friday, October 27th. Finally, Sidoti downgraded shares of Power Integrations from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $81.40.
A number of hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its stake in Power Integrations by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 150 shares during the last quarter. Advisor Group Inc. lifted its stake in Power Integrations by 14.5% in the second quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 231 shares during the last quarter. Amalgamated Bank lifted its stake in Power Integrations by 9.5% in the second quarter. Amalgamated Bank now owns 3,990 shares of the semiconductor company’s stock valued at $291,000 after buying an additional 346 shares during the last quarter. Suntrust Banks Inc. lifted its stake in Power Integrations by 9.4% in the second quarter. Suntrust Banks Inc. now owns 5,003 shares of the semiconductor company’s stock valued at $364,000 after buying an additional 431 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Power Integrations by 5.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the semiconductor company’s stock valued at $941,000 after buying an additional 700 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.
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About Power Integrations
Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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