Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar Sells 1,642 Shares

Power Integrations, Inc. (NASDAQ:POWIGet Free Report) CFO Sandeep Nayyar sold 1,642 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total transaction of $121,442.32. Following the sale, the chief financial officer now directly owns 70,171 shares of the company’s stock, valued at approximately $5,189,847.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sandeep Nayyar also recently made the following trade(s):

  • On Thursday, November 30th, Sandeep Nayyar sold 14,652 shares of Power Integrations stock. The shares were sold at an average price of $76.22, for a total transaction of $1,116,775.44.

Power Integrations Stock Up 4.2 %

NASDAQ:POWI traded up $3.17 during trading hours on Thursday, hitting $78.29. 598,791 shares of the company traded hands, compared to its average volume of 363,238. The firm’s 50-day simple moving average is $79.42 and its 200-day simple moving average is $79.19. Power Integrations, Inc. has a one year low of $66.90 and a one year high of $99.60. The company has a market cap of $4.45 billion, a PE ratio of 69.90 and a beta of 1.25.

Power Integrations (NASDAQ:POWIGet Free Report) last released its earnings results on Tuesday, November 7th. The semiconductor company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $125.51 million for the quarter, compared to the consensus estimate of $130.75 million. Power Integrations had a return on equity of 8.52% and a net margin of 13.40%. As a group, equities research analysts expect that Power Integrations, Inc. will post 0.75 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.02%. This is a boost from Power Integrations’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, November 29th. Power Integrations’s payout ratio is presently 71.43%.

Wall Street Analyst Weigh In

POWI has been the subject of several research reports. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus lifted their price target on shares of Power Integrations from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Susquehanna lifted their price target on shares of Power Integrations from $80.00 to $100.00 and gave the company a “positive” rating in a research report on Monday, December 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Power Integrations has an average rating of “Moderate Buy” and an average price target of $91.40.

Check Out Our Latest Analysis on Power Integrations

Institutional Investors Weigh In On Power Integrations

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC bought a new stake in shares of Power Integrations during the 4th quarter worth $26,000. Belpointe Asset Management LLC raised its stake in Power Integrations by 59.8% in the 1st quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 128 shares during the period. SRS Capital Advisors Inc. grew its holdings in Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Power Integrations during the 3rd quarter valued at about $65,000. Finally, Meeder Asset Management Inc. grew its holdings in Power Integrations by 498.9% during the 4th quarter. Meeder Asset Management Inc. now owns 1,108 shares of the semiconductor company’s stock valued at $79,000 after buying an additional 923 shares in the last quarter.

About Power Integrations

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Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.

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