Sandeep Nayyar Sells 1,877 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 1,877 shares of Power Integrations stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $108,884.77. Following the completion of the transaction, the chief financial officer now directly owns 112,653 shares of the company’s stock, valued at $6,535,000.53. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 4th, Sandeep Nayyar sold 5,152 shares of Power Integrations stock. The stock was sold at an average price of $60.75, for a total value of $312,984.00.

Power Integrations Price Performance

POWI stock opened at $59.09 on Thursday. Power Integrations, Inc. has a 1 year low of $56.63 and a 1 year high of $79.13. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 103.67, a P/E/G ratio of 3.96 and a beta of 1.11. The company has a 50 day simple moving average of $62.04 and a 200 day simple moving average of $62.93.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 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%. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 payout ratio is presently 147.37%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Power Integrations

Several large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc grew its holdings in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares during the period. UMB Bank n.a. increased its stake in Power Integrations by 43.9% in the fourth 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 acquired a new position in shares of Power Integrations during the third quarter valued at about $87,000. Finally, KBC Group NV boosted its position 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 purchasing an additional 432 shares in the last quarter.

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.