Trading Report: Today: 5,000 Shares of Power Integrations Inc. (POWI) Stock are sold by Doug Bailey

Today: 5,000 Shares of Power Integrations Inc. (POWI) Stock are sold by Doug Bailey

Power Integrations Inc. (NASDAQ:POWI) VP Doug Bailey sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $68.80, for a total value of $344,000.00. Following the completion of the sale, the vice president now directly owns 30,726 shares of the company’s stock, valued at approximately $2,113,948.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Doug Bailey also recently made the following trade(s): On Monday, October 10th, Doug Bailey sold 960 shares of Power Integrations stock. The stock was sold at an average price of $64.13, for a total value of $61,564.80. On Monday, September 19th, Doug Bailey sold 460 shares of Power Integrations stock. The stock was sold at an average price of $60.00, for a total value of $27,600.00. On Wednesday, September 14th, Doug Bailey sold 500 shares of Power Integrations stock. The stock was sold at an average price of $57.70, for a total value of $28,850.00.

Shares of Power Integrations Inc. (NASDAQ:POWI) traded down 0.18% during trading on Monday, hitting $68.35. The stock had a trading volume of 88,524 shares. Power Integrations Inc. has a 12 month low of $39.53 and a 12 month high of $69.40. The stock has a 50-day moving average price of $64.25 and a 200 day moving average price of $57.12. The company has a market cap of $1.99 billion, a P/E ratio of 42.93 and a beta of 1.03.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.10. Power Integrations had a return on equity of 11.90% and a net margin of 12.57%. The company earned $103.79 million during the quarter, compared to analysts’ expectations of $99 million. During the same quarter in the previous year, the business earned $0.55 EPS. Power Integrations’s revenue was up 16.8% compared to the same quarter last year. Equities analysts expect that Power Integrations Inc. will post $2.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, November 28th. Power Integrations’s dividend payout ratio is 32.50%.

Several large investors have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Power Integrations by 1.1% in the first quarter. State Street Corp now owns 634,473 shares of the company’s stock valued at $31,510,000 after buying an additional 7,116 shares in the last quarter. UBS Group AG boosted its stake in shares of Power Integrations by 2.6% in the first quarter. UBS Group AG now owns 20,558 shares of the company’s stock valued at $1,021,000 after buying an additional 530 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Power Integrations by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 43,098 shares of the company’s stock valued at $2,140,000 after buying an additional 3,762 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Power Integrations by 16.8% in the first quarter. Panagora Asset Management Inc. now owns 196,930 shares of the company’s stock valued at $9,779,000 after buying an additional 28,278 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in shares of Power Integrations by 1.5% in the first quarter. First Republic Investment Management Inc. now owns 10,145 shares of the company’s stock valued at $504,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.

POWI has been the subject of a number of research reports. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a report on Thursday, August 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price objective (up previously from $63.00) on shares of Power Integrations in a report on Thursday, October 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $65.25.

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