Insider Selling: Power Integrations Inc (NASDAQ:POWI) Insider Sells 5,958 Shares of Stock

Power Integrations Inc (NASDAQ:POWI) insider Balu Balakrishnan sold 5,958 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $67.48, for a total value of $402,045.84. Following the completion of the transaction, the insider now directly owns 249,664 shares in the company, valued at approximately $16,847,326.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Balu Balakrishnan also recently made the following trade(s):

  • On Monday, January 29th, Balu Balakrishnan sold 9,488 shares of Power Integrations stock. The shares were sold at an average price of $77.36, for a total value of $733,991.68.

Power Integrations Inc (POWI) traded up $1.70 on Thursday, hitting $63.45. The stock had a trading volume of 155,400 shares, compared to its average volume of 175,460. The company has a market cap of $1,835.01, a price-to-earnings ratio of 27.08 and a beta of 1.17. Power Integrations Inc has a 52-week low of $60.55 and a 52-week high of $86.60.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. The company had revenue of $108.20 million for the quarter, compared to analyst estimates of $110.50 million. During the same period in the prior year, the company posted $0.67 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. research analysts expect that Power Integrations Inc will post 2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from Power Integrations’s previous quarterly dividend of $0.14. Power Integrations’s payout ratio is presently 62.22%.

Power Integrations announced that its board has authorized a stock buyback plan on Thursday, February 1st that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of POWI. Ameritas Investment Partners Inc. boosted its stake in shares of Power Integrations by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock worth $184,000 after buying an additional 150 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Power Integrations by 14.5% in the second quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock worth $132,000 after buying an additional 231 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Power Integrations by 9.5% in the second quarter. Amalgamated Bank now owns 3,990 shares of the semiconductor company’s stock worth $291,000 after buying an additional 346 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Power Integrations by 9.4% in the second quarter. Suntrust Banks Inc. now owns 5,003 shares of the semiconductor company’s stock worth $364,000 after buying an additional 431 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of 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 worth $941,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

A number of analysts have issued reports on POWI shares. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Tuesday, December 19th. Drexel Hamilton reiterated a “buy” rating and issued a $84.00 target price on shares of Power Integrations in a report on Friday, October 27th. BidaskClub cut Power Integrations from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Susquehanna Bancshares initiated coverage on Power Integrations in a report on Wednesday, December 13th. They issued a “neutral” rating and a $80.00 target price for the company. They noted that the move was a valuation call. Finally, Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $81.40.

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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.

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

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