Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) VP Sells $82,410.00 in Stock

Power Integrations, Inc. (NASDAQ:POWI – Get Rating) VP Doug Bailey sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $82.41, for a total transaction of $82,410.00. Following the completion of the sale, the vice president now owns 108,029 shares of the company’s stock, valued at $8,902,669.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Power Integrations Stock Performance

POWI stock opened at $85.94 on Monday. Power Integrations, Inc. has a 1 year low of $59.16 and a 1 year high of $91.98. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 37.69 and a beta of 1.19. The stock’s fifty day moving average is $79.88 and its two-hundred day moving average is $79.31.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Tuesday, May 30th. Power Integrations’s dividend payout ratio is presently 33.33%.

Institutional Trading of Power Integrations

A number of large investors have recently added to or reduced their stakes in POWI. JPMorgan Chase & Co. boosted its stake in shares of Power Integrations by 23.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,717,189 shares of the semiconductor company’s stock worth $194,876,000 after acquiring an additional 514,149 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Power Integrations by 2.8% in the 1st quarter. Wellington Management Group LLP now owns 2,496,977 shares of the semiconductor company’s stock valued at $231,420,000 after purchasing an additional 67,672 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in Power Integrations by 30.7% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,402,973 shares of the semiconductor company’s stock worth $154,559,000 after purchasing an additional 564,838 shares in the last quarter. State Street Corp raised its holdings in Power Integrations by 4.0% during the 1st quarter. State Street Corp now owns 2,363,621 shares of the semiconductor company’s stock worth $200,057,000 after buying an additional 91,770 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in Power Integrations by 0.3% during the first quarter. Macquarie Group Ltd. now owns 1,388,016 shares of the semiconductor company’s stock valued at $117,482,000 after buying an additional 3,797 shares in the last quarter. 99.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on POWI shares. Benchmark lifted their price target on shares of Power Integrations from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Cowen raised their price objective on Power Integrations from $65.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft upped their target price on Power Integrations from $75.00 to $80.00 in a research report on Friday, May 5th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $66.00 to $82.00 in a research report on Monday, May 1st. Finally, Susquehanna upped their price target on shares of Power Integrations from $95.00 to $100.00 in a report on Friday, May 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.43.

Power Integrations Company Profile

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Power Integrations, Inc designs and develops mixed-signal integrated circuits and other electronic components and circuitry used in high-voltage power conversion. Its products include AC-DC Conversion, LED Drivers, Gate Drivers, Motor Drivers, and Automotive Solutions. The company was founded by Klas Eklund, Art Fury and Steven J.