Power Integrations, Inc. (NASDAQ:POWI) VP Yang Chiah Yee Sells 1,369 Shares

Power Integrations, Inc. (NASDAQ:POWIGet Rating) VP Yang Chiah Yee sold 1,369 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $77.00, for a total value of $105,413.00. Following the sale, the vice president now directly owns 25,797 shares of the company’s stock, valued at $1,986,369. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of POWI opened at $72.31 on Friday. The stock has a 50 day simple moving average of $81.80 and a 200 day simple moving average of $86.08. Power Integrations, Inc. has a 52-week low of $71.43 and a 52-week high of $110.66. The firm has a market capitalization of $4.22 billion, a PE ratio of 25.83 and a beta of 1.02.

Power Integrations (NASDAQ:POWIGet Rating) last released its quarterly earnings results on Thursday, April 28th. The semiconductor company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Power Integrations had a return on equity of 19.88% and a net margin of 24.01%. The firm had revenue of $182.15 million during the quarter, compared to the consensus estimate of $180.20 million. During the same quarter in the prior year, the firm posted $0.66 EPS. The business’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that Power Integrations, Inc. will post 3.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, May 27th. Power Integrations’s dividend payout ratio is currently 25.71%.

Institutional investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Power Integrations by 7.2% during the 4th quarter. State Street Corp now owns 2,353,552 shares of the semiconductor company’s stock worth $218,621,000 after purchasing an additional 158,536 shares in the last quarter. Copeland Capital Management LLC raised its stake in Power Integrations by 11.5% in the 4th quarter. Copeland Capital Management LLC now owns 574,960 shares of the semiconductor company’s stock valued at $53,408,000 after acquiring an additional 59,213 shares during the period. CIBC Private Wealth Group LLC raised its stake in Power Integrations by 109.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 44,393 shares of the semiconductor company’s stock valued at $4,123,000 after acquiring an additional 23,192 shares during the period. PDT Partners LLC raised its stake in Power Integrations by 1,092.3% in the 4th quarter. PDT Partners LLC now owns 42,923 shares of the semiconductor company’s stock valued at $3,987,000 after acquiring an additional 39,323 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in Power Integrations in the 4th quarter valued at $748,000. Institutional investors own 98.12% of the company’s stock.

Several analysts have weighed in on POWI shares. StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Susquehanna restated a “buy” rating and set a $105.00 target price on shares of Power Integrations in a research report on Friday, April 29th. Finally, Susquehanna Bancshares reiterated a “buy” rating and issued a $105.00 price objective on shares of Power Integrations in a research report on Friday, April 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $106.80.

About Power Integrations (Get Rating)

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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