Power Integrations Inc (POWI) CFO Sandeep Nayyar Sells 228 Shares

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.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, November 30th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.11%. Power Integrations’s payout ratio is currently 28.07%.

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.

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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 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.

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