Power Integrations Inc (NASDAQ:POWI) VP Ben Sutherland Sells 10,206 Shares

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Power Integrations Inc (NASDAQ:POWI) VP Ben Sutherland sold 10,206 shares of Power Integrations stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $91.55, for a total value of $934,359.30. Following the transaction, the vice president now owns 30,974 shares in the company, valued at $2,835,669.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ben Sutherland also recently made the following trade(s):

  • On Monday, August 19th, Ben Sutherland sold 191 shares of Power Integrations stock. The shares were sold at an average price of $87.78, for a total value of $16,765.98.
  • On Thursday, August 15th, Ben Sutherland sold 364 shares of Power Integrations stock. The shares were sold at an average price of $83.77, for a total value of $30,492.28.

NASDAQ POWI traded down $1.06 on Thursday, hitting $91.16. 183,185 shares of the company traded hands, compared to its average volume of 147,571. The business’s 50 day moving average price is $88.10 and its 200-day moving average price is $77.91. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 42.60 and a beta of 1.26. Power Integrations Inc has a 52-week low of $47.35 and a 52-week high of $102.38.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. The business had revenue of $102.87 million for the quarter, compared to analysts’ expectations of $100.04 million. Power Integrations had a return on equity of 9.87% and a net margin of 14.79%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. As a group, analysts anticipate that Power Integrations Inc will post 1.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 0.75%. Power Integrations’s dividend payout ratio is presently 31.78%.

Several equities analysts recently weighed in on the company. Loop Capital reiterated a “hold” rating and set a $76.00 target price on shares of Power Integrations in a research report on Tuesday, June 18th. Stifel Nicolaus set a $97.00 target price on Power Integrations and gave the company a “buy” rating in a research report on Friday, July 26th. Northland Securities reiterated an “underperform” rating and set a $70.00 target price on shares of Power Integrations in a research report on Monday, July 29th. BidaskClub upgraded Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 27th. Finally, Zacks Investment Research downgraded Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $85.60.

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in Power Integrations by 13.2% during the first quarter. Envestnet Asset Management Inc. now owns 68,391 shares of the semiconductor company’s stock valued at $4,783,000 after acquiring an additional 7,988 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in Power Integrations by 103.9% during the second quarter. Candriam Luxembourg S.C.A. now owns 8,171 shares of the semiconductor company’s stock valued at $652,000 after acquiring an additional 4,164 shares during the period. Bank of Montreal Can raised its holdings in Power Integrations by 5.0% during the first quarter. Bank of Montreal Can now owns 3,739 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 179 shares during the period. Eqis Capital Management Inc. raised its holdings in Power Integrations by 2.6% during the second quarter. Eqis Capital Management Inc. now owns 5,726 shares of the semiconductor company’s stock valued at $459,000 after acquiring an additional 144 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in Power Integrations during the first quarter valued at about $264,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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 worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.

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