Power Integrations (NASDAQ:POWI) VP Doug Bailey Sells 16,989 Shares

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 on Thursday, August 14th. The stock was sold at an average price of $46.86, for a total transaction of $796,104.54. Following the transaction, the vice president owned 67,787 shares of the company's stock, valued at $3,176,498.82. This trade represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Doug Bailey also recently made the following trade(s):

• On Monday, August 18th, Doug Bailey sold 16,989 shares of Power Integrations stock. The stock was sold at an average price of $46.41, for a total transaction of $788,459.49.

Power Integrations Stock Up 5.3%

Shares of NASDAQ:POWI traded up $2.37 during trading on Friday, hitting $47.42. 552,429 shares of the company were exchanged, compared to its average volume of 715,080. The business's 50 day moving average is $52.32 and its 200-day moving average is $53.24. The company has a market capitalization of $2.66 billion, a P/E ratio of 81.76, a price-to-earnings-growth ratio of 3.10 and a beta of 1.31. Power Integrations, Inc. has a 1-year low of $39.53 and a 1-year high of $69.53.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $115.85 million during the quarter, compared to the consensus estimate of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on POWI. Benchmark decreased their price objective on Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a report on Monday, August 11th. Wall Street Zen downgraded Power Integrations from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Stifel Nicolaus increased their price objective on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Susquehanna decreased their price objective on Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $61.67.

Institutional Trading of Power Integrations

A number of institutional investors have recently bought and sold shares of POWI. Hantz Financial Services Inc. boosted its position in Power Integrations by 475.9% during the second quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 395 shares during the last quarter. Allworth Financial LP boosted its position in Power Integrations by 257.8% during the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 428 shares during the last quarter. Bayforest Capital Ltd boosted its position in Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 222 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Power Integrations by 576.3% during 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 last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Power Integrations by 125.9% during the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 326 shares during the last quarter.

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.