Gagan Jain Sells 456 Shares of Power Integrations (NASDAQ:POWI) Stock

Key Points

• Gagan Jain, Vice President of Power Integrations, sold 456 shares at an average price of $41.43, reducing his holdings by 2.42% to a total of 18,356 shares valued at approximately $760,489.
• Power Integrations reported a quarterly earnings per share (EPS) of $0.35, beating analysts' estimates, with revenues of $115.85 million, reflecting a 9.1% year-over-year increase.
• The company declared a quarterly dividend of $0.21 per share, with an annualized yield of 2.1%, scheduled to be paid on September 30th.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Gagan Jain sold 456 shares of the company's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $41.43, for a total transaction of $18,892.08. Following the sale, the vice president directly owned 18,356 shares of the company's stock, valued at $760,489.08. This represents a 2.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gagan Jain also recently made the following trade(s):

• On Tuesday, August 12th, Gagan Jain sold 2,036 shares of Power Integrations stock. The shares were sold at an average price of $46.05, for a total value of $93,757.80.

Power Integrations Trading Down 2.9%

NASDAQ:POWI traded down $1.19 on Thursday, reaching $39.62. 838,786 shares of the stock traded hands, compared to its average volume of 562,588. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 68.31, a price-to-earnings-growth ratio of 2.72 and a beta of 1.38. Power Integrations, Inc. has a 1-year low of $39.15 and a 1-year high of $69.53. The company's 50 day moving average is $46.90 and its 200-day moving average is $50.67.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $115.85 million during the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. Power Integrations's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 29th. Power Integrations's dividend payout ratio is currently 144.83%.

Hedge Funds Weigh In On Power Integrations

Hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings in Power Integrations by 76.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,721 shares of the semiconductor company's stock valued at $92,000 after purchasing an additional 744 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of Power Integrations by 3.0% during the second quarter. Orion Porfolio Solutions LLC now owns 13,531 shares of the semiconductor company's stock worth $756,000 after buying an additional 389 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Power Integrations in the 2nd quarter valued at $309,000. CANADA LIFE ASSURANCE Co increased its holdings in Power Integrations by 1.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 44,591 shares of the semiconductor company's stock valued at $2,494,000 after buying an additional 439 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Power Integrations by 246.3% in the second quarter. Tower Research Capital LLC TRC now owns 7,341 shares of the semiconductor company's stock valued at $410,000 after buying an additional 5,221 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on POWI. Benchmark reissued a "buy" rating and issued a $55.00 target price on shares of Power Integrations in a report on Tuesday. Susquehanna decreased their price target on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a research note on Thursday, August 7th. Finally, Wall Street Zen cut Power Integrations from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $61.67.

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.

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