Insider Selling: Power Integrations (NASDAQ:POWI) Director Sells 6,655 Shares of Stock

Key Points

• Power Integrations director Nicholas Brathwaite sold 6,655 shares on May 26 at an average price of $82.71, totaling about $550,435. His direct stake fell 21.74% to 23,954 shares.
• Brathwaite also sold 6,895 shares on May 13 at an average price of $72.41, indicating two recent insider sales in the semiconductor company.
• Power Integrations reported better-than-expected quarterly results, with EPS of $0.25 versus $0.23 expected and revenue of $108.31 million. The company also declared a quarterly dividend of $0.215 per share, while analysts currently rate the stock a consensus Hold.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) Director Nicholas Brathwaite sold 6,655 shares of Power Integrations stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $82.71, for a total transaction of $550,435.05. Following the sale, the director directly owned 23,954 shares in the company, valued at $1,981,235.34. This trade represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $499,266.95.

Power Integrations Trading Up 0.2%

POWI traded up $0.17 during trading on Thursday, reaching $87.07. 1,773,676 shares of the company's stock were exchanged, compared to its average volume of 1,395,775. Power Integrations, Inc. has a one year low of $30.86 and a one year high of $88.17. The stock has a market capitalization of $4.85 billion, a PE ratio of 290.24, a price-to-earnings-growth ratio of 3.78 and a beta of 1.54. The firm has a fifty day moving average price of $63.03 and a two-hundred day moving average price of $48.80.

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

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $0.215 dividend. 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 286.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on POWI shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Power Integrations in a research report on Friday, May 8th. Benchmark boosted their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Monday, April 6th. Susquehanna boosted their price target on shares of Power Integrations from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Friday, May 8th. Northland Securities downgraded shares of Power Integrations from an "outperform" rating to a "market perform" rating and set a $46.00 price target on the stock. in a research report on Monday, April 6th. Finally, Stifel Nicolaus boosted 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. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $64.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of POWI. Geneos Wealth Management Inc. raised its holdings in Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock worth $32,000 after buying an additional 536 shares during the last quarter. Hantz Financial Services Inc. raised its position in Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 371 shares during the period. Kestra Advisory Services LLC purchased a new position in Power Integrations in the fourth quarter valued at approximately $36,000. UMB Bank n.a. grew its stake in shares of Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 410 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 453 shares during the period.

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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