Power Integrations Inc (NASDAQ:POWI) VP Doug Bailey sold 2,439 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.08, for a total value of $156,291.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Power Integrations Inc (POWI) opened at $66.10 on Thursday. The company has a market capitalization of $1,972.07, a price-to-earnings ratio of 28.99 and a beta of 1.17. Power Integrations Inc has a fifty-two week low of $60.55 and a fifty-two week 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 the consensus estimate of $0.72 by $0.02. The company had revenue of $108.20 million for the quarter, compared to the consensus estimate of $110.50 million. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. Power Integrations’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. analysts forecast that Power Integrations Inc will post 2 EPS for the current year.
Power Integrations declared that its board has approved a stock repurchase program on Thursday, February 1st that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Power Integrations from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 7th. Zacks Investment Research downgraded Power Integrations from a “hold” rating to a “strong sell” rating in a report on Thursday, February 8th. Sidoti downgraded Power Integrations from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Susquehanna Bancshares assumed coverage on Power Integrations in a report on Wednesday, December 13th. They issued a “neutral” rating and a $80.00 price target on the stock. They noted that the move was a valuation call. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $84.00 price target on shares of Power Integrations in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $81.40.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its holdings in Power Integrations by 14.5% during the 2nd quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 231 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Power Integrations by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock worth $184,000 after purchasing an additional 150 shares during the period. Jane Street Group LLC purchased a new position in Power Integrations during the 3rd quarter worth $205,000. GSA Capital Partners LLP purchased a new position in Power Integrations during the 2nd quarter worth $208,000. Finally, Xact Kapitalforvaltning AB purchased a new position in Power Integrations during the 4th quarter worth $224,000. Institutional investors own 95.53% of the company’s stock.
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Power Integrations Company Profile
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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