Gagan Jain Sells 2,036 Shares of Power Integrations (NASDAQ:POWI) Stock

Key Points

• Gagan Jain, VP of Power Integrations, sold 2,036 shares of the company's stock at an average price of $46.05, resulting in a total transaction value of $93,757.80, which marks a 9.77% decrease in his ownership.
• Power Integrations reported $0.35 earnings per share (EPS) for the last quarter, exceeding expectations and showing a 9.1% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.21 per share, with an annual yield of 1.8%, highlighting a high dividend payout ratio of 144.83%.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Gagan Jain sold 2,036 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total value of $93,757.80. Following the completion of the sale, the vice president directly owned 18,812 shares of the company's stock, valued at $866,292.60. The trade was a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Power Integrations Price Performance

Shares of POWI stock traded up $0.3450 during trading hours on Tuesday, hitting $46.6050. The stock had a trading volume of 93,289 shares, compared to its average volume of 550,015. The firm has a market capitalization of $2.61 billion, a PE ratio of 80.37, a PEG ratio of 3.62 and a beta of 1.31. Power Integrations, Inc. has a twelve month low of $39.53 and a twelve month high of $69.53. The stock's 50 day moving average is $53.20 and its 200 day moving average is $53.61.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $115.85 million during the quarter, compared to the consensus estimate of $115.02 million. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.The company's revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, equities analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. Power Integrations's dividend payout ratio (DPR) is currently 144.83%.

Institutional Trading of Power Integrations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in Power Integrations by 14.8% in the 4th quarter. LPL Financial LLC now owns 18,707 shares of the semiconductor company's stock worth $1,154,000 after buying an additional 2,407 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Power Integrations by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 115,956 shares of the semiconductor company's stock worth $7,154,000 after buying an additional 6,750 shares during the last quarter. Bank of Montreal Can boosted its stake in Power Integrations by 4.1% in the 4th quarter. Bank of Montreal Can now owns 11,533 shares of the semiconductor company's stock worth $712,000 after buying an additional 459 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Power Integrations by 47.0% in the 4th quarter. Renaissance Technologies LLC now owns 81,605 shares of the semiconductor company's stock worth $5,035,000 after buying an additional 26,105 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Power Integrations in the 4th quarter worth about $7,470,000.

Analyst Ratings Changes

Several research firms have issued reports on POWI. Stifel Nicolaus increased their price objective on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Wall Street Zen cut Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Susquehanna dropped their price target on Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research report on Thursday, August 7th. Finally, Benchmark dropped their price target on Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $61.67.

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.