Power Integrations, Inc. (NASDAQ:POWI) VP Sells $796,104.54 in Stock

Key Points

• Power Integrations VP Doug Bailey sold 16,989 shares for $796,104.54, reducing his holdings by over 20%.
• The company's stock price decreased 0.1%, trading at $46.26, with a market capitalization of $2.60 billion.
• Power Integrations will pay a quarterly dividend of $0.21 on September 30th, representing a 1.8% yield based on the current share price.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) VP Doug Bailey sold 16,989 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $46.86, for a total value of $796,104.54. Following the completion of the sale, the vice president owned 67,787 shares in the company, valued at approximately $3,176,498.82. This represents a 20.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Power Integrations Stock Down 0.1%

Shares of Power Integrations stock traded down $0.04 on Monday, reaching $46.26. The company's stock had a trading volume of 449,047 shares, compared to its average volume of 553,141. Power Integrations, Inc. has a 52-week low of $39.53 and a 52-week high of $69.53. The company has a market capitalization of $2.60 billion, a P/E ratio of 79.76, a PEG ratio of 3.62 and a beta of 1.31. The stock has a 50-day moving average price of $53.20 and a 200-day moving average price of $53.61.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%. The company had revenue of $115.85 million for the quarter, compared to analyst estimates of $115.02 million. During the same quarter last year, the firm posted $0.28 EPS. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. Power Integrations's dividend payout ratio is presently 144.83%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Susquehanna lowered their price objective on Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a research report on Thursday, August 7th. Benchmark lowered their price objective on Power Integrations from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Wall Street Zen lowered Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus upped their price objective on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th.

Institutional Trading of Power Integrations

A number of hedge funds have recently bought and sold shares of POWI. Nomura Holdings Inc. purchased a new stake in shares of Power Integrations in the second quarter valued at approximately $309,000. CANADA LIFE ASSURANCE Co grew its holdings in Power Integrations by 1.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 44,591 shares of the semiconductor company's stock valued at $2,494,000 after buying an additional 439 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Power Integrations by 246.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,341 shares of the semiconductor company's stock worth $410,000 after acquiring an additional 5,221 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Power Integrations by 24.0% during the 2nd quarter. Captrust Financial Advisors now owns 22,820 shares of the semiconductor company's stock worth $1,276,000 after acquiring an additional 4,410 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of Power Integrations by 32.5% during the 2nd quarter. Vident Advisory LLC now owns 5,750 shares of the semiconductor company's stock valued at $321,000 after acquiring an additional 1,410 shares during 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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