Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar Sells 5,000 Shares of Stock

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) CFO Sandeep Nayyar sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $78.50, for a total value of $392,500.00. Following the completion of the sale, the chief financial officer now directly owns 85,198 shares of the company's stock, valued at approximately $6,688,043. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Sandeep Nayyar also recently made the following trade(s):

• On Monday, May 13th, Sandeep Nayyar sold 4,839 shares of Power Integrations stock. The shares were sold at an average price of $77.25, for a total transaction of $373,812.75.
• On Tuesday, April 2nd, Sandeep Nayyar sold 1,946 shares of Power Integrations stock. The shares were sold at an average price of $69.04, for a total transaction of $134,351.84.

Power Integrations Price Performance

NASDAQ:POWI traded down $0.27 during mid-day trading on Thursday, reaching $77.66. The stock had a trading volume of 322,112 shares, compared to its average volume of 410,512. The stock has a 50-day simple moving average of $70.05 and a two-hundred day simple moving average of $74.51. Power Integrations, Inc. has a 12 month low of $62.13 and a 12 month high of $99.60. The stock has a market capitalization of $4.41 billion, a PE ratio of 85.14, a P/E/G ratio of 4.73 and a beta of 1.20.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.03%. Power Integrations's dividend payout ratio is currently 86.96%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of POWI. Raymond James & Associates boosted its stake in shares of Power Integrations by 11.9% in the 3rd quarter. Raymond James & Associates now owns 14,030 shares of the semiconductor company's stock valued at $1,071,000 after purchasing an additional 1,494 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Power Integrations by 18.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,268 shares of the semiconductor company's stock valued at $860,000 after buying an additional 1,791 shares in the last quarter. Advisor Partners II LLC grew its stake in shares of Power Integrations by 80.5% during the third quarter. Advisor Partners II LLC now owns 4,097 shares of the semiconductor company's stock worth $313,000 after buying an additional 1,827 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of Power Integrations during the third quarter worth $322,000. Finally, Assetmark Inc. lifted its stake in shares of Power Integrations by 21.3% in the 3rd quarter. Assetmark Inc. now owns 6,639 shares of the semiconductor company's stock valued at $507,000 after acquiring an additional 1,165 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently commented on POWI. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Northland Securities upgraded Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 target price on the stock in a research note on Monday, February 26th. Benchmark upped their price objective on Power Integrations from $80.00 to $90.00 and gave the company a "buy" rating in a report on Friday, February 9th. Finally, TD Cowen upped their price target on shares of Power Integrations from $65.00 to $80.00 and gave the company a "market perform" rating in a research note on Friday, February 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $87.40.

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.

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