Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan Sells 10,393 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the sale, the vice president now owns 45,295 shares in the company, valued at approximately $2,993,093.60. This represents a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Power Integrations Price Performance

Shares of POWI stock opened at $64.89 on Tuesday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 113.84, a PEG ratio of 4.08 and a beta of 1.11. The stock has a 50 day simple moving average of $61.71 and a 200-day simple moving average of $62.67. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s payout ratio is 147.37%.

Institutional Trading of Power Integrations

Several large investors have recently made changes to their positions in POWI. Creative Planning increased its position in shares of Power Integrations by 19.5% during the third quarter. Creative Planning now owns 14,889 shares of the semiconductor company’s stock worth $955,000 after purchasing an additional 2,430 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Power Integrations by 6,305.6% during the third quarter. International Assets Investment Management LLC now owns 17,167 shares of the semiconductor company’s stock worth $1,101,000 after purchasing an additional 16,899 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Power Integrations by 18.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,217 shares of the semiconductor company’s stock worth $334,000 after purchasing an additional 798 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Power Integrations by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 6,587 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 445 shares in the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in shares of Power Integrations during the third quarter worth approximately $1,238,000.

Analysts Set New Price Targets

A number of equities research analysts recently commented on POWI shares. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

About Power Integrations

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.