Insider Selling: Power Integrations (NASDAQ:POWI) Director Sells 1,728 Shares of Stock

Key Points

• Power Integrations director Nicholas Brathwaite sold 1,728 shares on May 27 at an average price of $86.62, for proceeds of about $149,679. The sale reduced his direct holdings by 7.21% to 22,226 shares.
• Brathwaite has been actively trimming his stake, also selling 6,655 shares on May 26 and 6,895 shares on May 13 in separate transactions.
• The company recently beat earnings estimates, reporting quarterly EPS of $0.25 versus $0.23 expected and revenue of $108.31 million. Power Integrations also announced a quarterly dividend of $0.215 per share, while analysts currently rate the stock a consensus Hold with an average target price of $64.50.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) Director Nicholas Brathwaite sold 1,728 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the completion of the transaction, the director directly owned 22,226 shares in the company, valued at approximately $1,925,216.12. This represents a 7.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nicholas Brathwaite also recently made the following trade(s):

• On Tuesday, May 26th, Nicholas Brathwaite sold 6,655 shares of Power Integrations stock. The stock was sold at an average price of $82.71, for a total value of $550,435.05.
• On Wednesday, May 13th, Nicholas Brathwaite sold 6,895 shares of Power Integrations stock. The stock was sold at an average price of $72.41, for a total value of $499,266.95.

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Power Integrations Stock Performance

Power Integrations stock traded down $3.07 on Friday, reaching $84.00. The company's stock had a trading volume of 1,898,932 shares, compared to its average volume of 1,420,976. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 280.01, a PEG ratio of 3.79 and a beta of 1.54. The business's fifty day moving average price is $63.79 and its 200 day moving average price is $49.05. Power Integrations, Inc. has a twelve month low of $30.86 and a twelve month high of $89.00.

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

Power Integrations Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in POWI. Geneos Wealth Management Inc. grew its stake in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 536 shares during the period. Hantz Financial Services Inc. grew its stake in Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 371 shares during the period. Kestra Advisory Services LLC acquired a new position in Power Integrations in the fourth quarter valued at about $36,000. UMB Bank n.a. grew its stake 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 acquiring an additional 410 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Power Integrations by 125.5% in the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 453 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on POWI. Stifel Nicolaus boosted their target price on Power Integrations from $56.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Power Integrations in a research report on Friday, May 8th. Susquehanna boosted their target price on Power Integrations from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Friday, May 8th. Benchmark boosted their target price on Power Integrations from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Monday, April 6th. Finally, Zacks Research upgraded Power Integrations from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $64.50.

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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