Clifford Walker Sells 1,131 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,131 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31. Following the completion of the transaction, the vice president now directly owns 143,718 shares in the company, valued at $8,337,081.18. The trade was a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Clifford Walker also recently made the following trade(s):

• On Tuesday, February 4th, Clifford Walker sold 2,472 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00.
• On Wednesday, November 27th, Clifford Walker sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00.

Power Integrations Price Performance

Power Integrations stock opened at $59.09 on Thursday. The firm has a market cap of $3.36 billion, a PE ratio of 103.67, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. The stock’s fifty day moving average price is $62.04 and its two-hundred day moving average price is $62.93. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $79.13.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. Sell-side analysts expect that Power Integrations, Inc. will post 0.9 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

Institutional Trading of Power Integrations

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Power Integrations in the 3rd quarter valued at $87,000. Finally, KBC Group NV raised its holdings in shares of Power Integrations by 32.0% during the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after buying an additional 432 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Susquehanna lowered their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. Finally, StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Company Profile

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.