Insider Selling: Power Integrations (NASDAQ:POWI) Director Sells 118,573 Shares of Stock

Key Points

• Power Integrations director Balu Balakrishnan sold 118,573 shares on May 26 at an average price of $81.72, totaling about $9.69 million. After the sale, he still held 403,803 shares, but his ownership fell by 22.7%.
• This was not the only recent sale by Balakrishnan; he also sold 53,880 shares on May 21 for about $3.81 million at an average price of $70.71.
• Power Integrations recently reported earnings that beat expectations, posting $0.25 per share versus the $0.23 estimate and revenue of $108.31 million. The company also announced a quarterly dividend of $0.215 per share, payable June 30, for an annualized yield of about 1.0%.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) Director Balu Balakrishnan sold 118,573 shares of the company's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $81.72, for a total value of $9,689,785.56. Following the completion of the transaction, the director directly owned 403,803 shares in the company, valued at approximately $32,998,781.16. This represents a 22.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Balu Balakrishnan also recently made the following trade(s):

• On Thursday, May 21st, Balu Balakrishnan sold 53,880 shares of Power Integrations stock. The stock was sold at an average price of $70.71, for a total value of $3,809,854.80.

Power Integrations Stock Performance

Shares of POWI stock traded up $0.17 on Thursday, hitting $87.07. The company's stock had a trading volume of 1,773,676 shares, compared to its average volume of 1,395,775. Power Integrations, Inc. has a fifty-two week low of $30.86 and a fifty-two week high of $88.17. The company has a market capitalization of $4.85 billion, a PE ratio of 290.24, a PEG ratio of 3.78 and a beta of 1.54. The stock's 50 day moving average is $63.03 and its 200-day moving average is $48.80.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $108.31 million during the quarter, compared to analysts' expectations of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. On average, research analysts forecast that Power Integrations, Inc. will post 0.89 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations's dividend payout ratio is 286.67%.

Wall Street Analyst Weigh In

A number of research firms recently commented on POWI. Zacks Research raised Power Integrations from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Power Integrations in a report on Friday, May 8th. Northland Securities cut shares of Power Integrations from an "outperform" rating to a "market perform" rating and set a $46.00 target price for the company. in a research report on Monday, April 6th. Stifel Nicolaus increased their price target on shares of Power Integrations from $56.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Finally, Susquehanna lifted their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the company a "positive" rating in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $64.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its holdings in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 536 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Power Integrations by 77.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 371 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Power Integrations in the fourth quarter valued at approximately $36,000. UMB Bank n.a. boosted its position in Power Integrations by 61.7% in the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company's stock valued at $38,000 after buying an additional 410 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Power Integrations by 125.5% during the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company's stock worth $42,000 after buying an additional 453 shares during the last quarter.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company's products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm's product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

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