Power Integrations, Inc. (NASDAQ:POWI) Insider Sells $384,400.00 in Stock

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) insider David Mh Matthews sold 5,000 shares of the firm's stock in a transaction on Monday, May 20th. The stock was sold at an average price of $76.88, for a total transaction of $384,400.00. Following the sale, the insider now owns 63,229 shares in the company, valued at $4,861,045.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Mh Matthews also recently made the following trade(s):

• On Tuesday, April 2nd, David Mh Matthews sold 1,153 shares of Power Integrations stock. The shares were sold at an average price of $69.04, for a total value of $79,603.12.

Power Integrations Stock Performance

Power Integrations stock traded down $0.67 during midday trading on Tuesday, reaching $77.11. 291,764 shares of the company's stock were exchanged, compared to its average volume of 407,094. The stock's 50-day simple moving average is $70.20 and its 200 day simple moving average is $74.71. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 83.82, a P/E/G ratio of 4.22 and a beta of 1.20. Power Integrations, Inc. has a 52 week low of $62.13 and a 52 week high of $99.60.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, May 31st. Power Integrations's dividend payout ratio (DPR) is presently 86.96%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Power Integrations

Several hedge funds have recently added to or reduced their stakes in POWI. Vanguard Group Inc. increased its stake in shares of Power Integrations by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company's stock worth $467,119,000 after purchasing an additional 105,034 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company's stock worth $195,073,000 after buying an additional 154,032 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Power Integrations by 5.8% in the third quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company's stock valued at $173,679,000 after acquiring an additional 123,988 shares during the period. Capital International Investors increased its position in Power Integrations by 6.5% during the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company's stock worth $94,227,000 after acquiring an additional 80,775 shares during the period. Finally, Boston Trust Walden Corp raised its stake in Power Integrations by 0.5% in the 4th quarter. Boston Trust Walden Corp now owns 793,058 shares of the semiconductor company's stock worth $65,118,000 after purchasing an additional 3,784 shares in the last quarter.

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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