Trade Report: Today, Insider Selling: Power Integrations Inc. (POWI) Insider Sold $915,984.00 in Stock

Today, Insider Selling: Power Integrations Inc. (POWI) Insider Sold $915,984.00 in Stock

Power Integrations Inc. (NASDAQ:POWI) insider Balu Balakrishnan sold 14,400 shares of Power Integrations stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $63.61, for a total transaction of $915,984.00. Following the transaction, the insider now owns 220,130 shares of the company’s stock, valued at approximately $14,002,469.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Balu Balakrishnan also recently made the following trade(s): On Monday, October 3rd, Balu Balakrishnan sold 40,000 shares of Power Integrations stock. The stock was sold at an average price of $63.42, for a total transaction of $2,536,800.00. On Wednesday, September 28th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $61.70, for a total transaction of $617,000.00. On Monday, September 26th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $60.57, for a total transaction of $605,700.00. On Thursday, September 22nd, Balu Balakrishnan sold 40,000 shares of Power Integrations stock. The stock was sold at an average price of $61.97, for a total transaction of $2,478,800.00. On Monday, September 19th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $60.01, for a total transaction of $600,100.00. On Wednesday, September 14th, Balu Balakrishnan sold 5,000 shares of Power Integrations stock. The stock was sold at an average price of $57.73, for a total transaction of $288,650.00. On Monday, August 29th, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $58.11, for a total transaction of $581,100.00. On Friday, August 26th, Balu Balakrishnan sold 3,655 shares of Power Integrations stock. The stock was sold at an average price of $58.90, for a total transaction of $215,279.50. On Monday, August 22nd, Balu Balakrishnan sold 10,000 shares of Power Integrations stock. The stock was sold at an average price of $57.84, for a total transaction of $578,400.00. On Friday, August 19th, Balu Balakrishnan sold 3,800 shares of Power Integrations stock. The stock was sold at an average price of $57.63, for a total transaction of $218,994.00.

Shares of Power Integrations Inc. (NASDAQ:POWI) opened at 62.84 on Monday. The stock has a market capitalization of $1.82 billion, a P/E ratio of 41.78 and a beta of 1.13. The company has a 50-day moving average of $60.77 and a 200-day moving average of $53.51. Power Integrations Inc. has a 12-month low of $39.53 and a 12-month high of $64.73.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. The firm earned $97.20 million during the quarter, compared to analyst estimates of $91.22 million. Power Integrations had a net margin of 12.36% and a return on equity of 11.64%. Power Integrations’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities analysts expect that Power Integrations Inc. will post $2.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 0.83%. Power Integrations’s dividend payout ratio is presently 34.44%.

Institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. increased its stake in shares of Power Integrations by 0.9% in the third quarter. Eqis Capital Management Inc. now owns 5,865 shares of the company’s stock worth $370,000 after buying an additional 55 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Power Integrations during the second quarter worth $282,000. Royal Bank of Canada increased its stake in shares of Power Integrations by 33.1% in the second quarter. Royal Bank of Canada now owns 28,427 shares of the company’s stock worth $1,423,000 after buying an additional 7,075 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Power Integrations by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 94,279 shares of the company’s stock worth $4,721,000 after buying an additional 6,814 shares during the last quarter. Finally, Fiera Capital Corp acquired a new stake in shares of Power Integrations during the second quarter worth $41,542,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

A number of brokerages have recently commented on POWI. Zacks Investment Research downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Deutsche Bank AG lifted their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 price target (up from $63.00) on shares of Power Integrations in a report on Thursday. Finally, Sidoti downgraded shares of Power Integrations from a “buy” rating to a “neutral” rating in a report on Thursday, June 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.80.

Power Integrations Company Profile

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