Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar Sells 4,839 Shares

Power Integrations, Inc. (NASDAQ:POWI) CFO Sandeep Nayyar sold 4,839 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $77.25, for a total value of $373,812.75. Following the completion of the sale, the chief financial officer now directly owns 90,198 shares in the company, valued at $6,967,795.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sandeep Nayyar also recently made the following trade(s):

• On Tuesday, April 2nd, Sandeep Nayyar sold 1,946 shares of Power Integrations stock. The stock was sold at an average price of $69.04, for a total value of $134,351.84.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $77.36 on Wednesday. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 84.09, a PEG ratio of 4.73 and a beta of 1.20. Power Integrations, Inc. has a 1 year low of $62.13 and a 1 year high of $99.60. The firm’s 50-day moving average is $69.95 and its 200 day moving average is $74.48.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.03%. Power Integrations’s dividend payout ratio is presently 86.96%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a report on Monday, February 26th. Benchmark boosted their target price on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, February 9th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, TD Cowen raised their target price on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.40.

Institutional Investors Weigh In On Power Integrations

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Power Integrations by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after purchasing an additional 105,034 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after purchasing an additional 154,032 shares during the period. Wellington Management Group LLP boosted its holdings in 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 worth $173,679,000 after purchasing an additional 123,988 shares during the last quarter. Capital International Investors boosted its holdings in Power Integrations by 6.5% in the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company’s stock worth $94,227,000 after purchasing an additional 80,775 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position 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 during the period.

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.