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 the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $108,884.77. Following the transaction, the chief financial officer now directly owns 112,653 shares in the company, valued at $6,535,000.53. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

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

Power Integrations Stock Performance

POWI stock traded up $0.48 on Tuesday, reaching $58.34. The company’s stock had a trading volume of 369,370 shares, compared to its average volume of 464,369. The firm has a market cap of $3.32 billion, a PE ratio of 102.35, a PEG ratio of 3.96 and a beta of 1.11. The business has a fifty day simple moving average of $62.14 and a two-hundred day simple moving average of $62.95. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $81.50.

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%. As a group, research analysts anticipate 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 dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Wall Street Analysts Forecast Growth

POWI has been the subject of several recent research reports. Susquehanna lowered their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Power Integrations has an average rating of “Moderate Buy” and an average price target of $78.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in shares of Power Integrations by 9.1% during the third quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock valued at $410,000 after purchasing an additional 536 shares in the last quarter. Inspire Investing LLC lifted its position in Power Integrations by 27.5% during the third quarter. Inspire Investing LLC now owns 7,177 shares of the semiconductor company’s stock valued at $460,000 after buying an additional 1,548 shares during the period. Creative Planning boosted its holdings in shares of Power Integrations by 19.5% during the 3rd quarter. Creative Planning now owns 14,889 shares of the semiconductor company’s stock valued at $955,000 after buying an additional 2,430 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Power Integrations by 5.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 382,273 shares of the semiconductor company’s stock valued at $24,511,000 after buying an additional 18,827 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in shares of Power Integrations in the 3rd quarter worth about $202,000.

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.