Power Integrations Inc. (NASDAQ:POWI) VP Ben Sutherland sold 4,848 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $62.50, for a total transaction of $303,000.00. Following the transaction, the vice president now owns 24,705 shares in the company, valued at approximately $1,544,062.50. The sale was disclosed in a filing with the SEC, which is available at this link.
Ben Sutherland also recently made the following trade(s):
- On Friday, July 29th, Ben Sutherland sold 2,216 shares of Power Integrations stock. The stock was sold at an average price of $57.97, for a total transaction of $128,461.52.
Shares of Power Integrations Inc. (NASDAQ:POWI) opened at 63.74 on Thursday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 42.38 and a beta of 1.13. Power Integrations Inc. has a one year low of $39.53 and a one year high of $64.36. The company’s 50-day moving average is $59.75 and its 200-day moving average is $52.85.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The company had revenue of $97.20 million for the quarter, compared to analysts’ expectations of $91.22 million. Power Integrations had a net margin of 12.36% and a return on equity of 11.64%. Power Integrations’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. On average, equities research analysts anticipate that Power Integrations Inc. will post $2.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were paid a $0.13 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.52 annualized dividend and a yield of 0.82%. Power Integrations’s dividend payout ratio is currently 34.44%.
A number of institutional investors have recently made changes to their positions in POWI. Aperio Group LLC boosted its position in shares of Power Integrations by 5.6% in the first quarter. Aperio Group LLC now owns 36,946 shares of the company’s stock valued at $1,835,000 after buying an additional 1,961 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Power Integrations by 4.4% in the first quarter. Prudential Financial Inc. now owns 69,369 shares of the company’s stock valued at $3,445,000 after buying an additional 2,900 shares in the last quarter. BlackRock Inc. boosted its position in shares of Power Integrations by 125.5% in the first quarter. BlackRock Inc. now owns 2,142 shares of the company’s stock valued at $106,000 after buying an additional 1,192 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Power Integrations by 29.8% in the first quarter. BlackRock Group LTD now owns 42,154 shares of the company’s stock valued at $2,094,000 after buying an additional 9,686 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Power Integrations by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 703,868 shares of the company’s stock worth $34,954,000 after buying an additional 3,556 shares during the period. 97.78% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Deutsche Bank AG increased their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Sidoti lowered shares of Power Integrations from a “buy” rating to a “neutral” rating in a research note on Thursday, June 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $60.40.
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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