Power Integrations Inc (NASDAQ:POWI) CFO Sandeep Nayyar sold 228 shares of the stock in a transaction on Monday, November 5th. The shares were sold at an average price of $57.67, for a total value of $13,148.76. Following the completion of the sale, the chief financial officer now owns 70,900 shares of the company’s stock, valued at $4,088,803. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ POWI opened at $57.75 on Friday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 24.81 and a beta of 0.96. Power Integrations Inc has a twelve month low of $47.35 and a twelve month high of $82.05.
Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. Power Integrations had a return on equity of 13.46% and a net margin of 7.04%. The firm had revenue of $110.09 million during the quarter, compared to the consensus estimate of $113.95 million. Equities analysts anticipate that Power Integrations Inc will post 1.99 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of POWI. MML Investors Services LLC acquired a new stake in Power Integrations during the 3rd quarter worth about $207,000. Candriam Luxembourg S.C.A. acquired a new stake in Power Integrations during the 3rd quarter worth about $250,000. Dynamic Technology Lab Private Ltd acquired a new stake in Power Integrations during the 2nd quarter worth about $268,000. Xact Kapitalforvaltning AB grew its holdings in Power Integrations by 62.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 4,951 shares of the semiconductor company’s stock worth $338,000 after acquiring an additional 1,900 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Power Integrations during the 2nd quarter worth about $457,000. Hedge funds and other institutional investors own 97.86% of the company’s stock.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Power Integrations from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. ValuEngine upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. BidaskClub upgraded Power Integrations from a “strong sell” rating to a “sell” rating in a report on Monday, November 5th. TheStreet downgraded Power Integrations from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Finally, Loop Capital downgraded Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $82.20.
ILLEGAL ACTIVITY NOTICE: “Power Integrations Inc (POWI) CFO Sandeep Nayyar Sells 228 Shares” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://sportsperspectives.com/2018/11/10/power-integrations-inc-powi-cfo-sandeep-nayyar-sells-228-shares.html.
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 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, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.
Recommended Story: Technical Analysis of Stocks and What It Means
Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.