Power Integrations, Inc. (NASDAQ:POWI) VP Sells $353,064.00 in Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Sunil Gupta sold 4,512 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $78.25, for a total transaction of $353,064.00. Following the sale, the vice president now owns 53,861 shares of the company’s stock, valued at approximately $4,214,623.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Power Integrations Price Performance

NASDAQ POWI opened at $77.19 on Friday. The company has a market cap of $4.38 billion, a P/E ratio of 83.90, a P/E/G ratio of 4.25 and a beta of 1.20. The stock has a 50-day moving average of $70.64 and a two-hundred day moving average of $74.77. Power Integrations, Inc. has a 1-year low of $62.13 and a 1-year high of $99.60.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, May 31st. Power Integrations’s dividend payout ratio (DPR) is currently 86.96%.

Institutional Investors Weigh In On Power Integrations

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of 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 acquiring an additional 123,988 shares in the last quarter. Jump Financial LLC grew its stake in Power Integrations by 609.6% during the 4th quarter. Jump Financial LLC now owns 38,725 shares of the semiconductor company’s stock worth $3,180,000 after purchasing an additional 33,268 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Power Integrations by 6.4% during the 4th quarter. Vontobel Holding Ltd. now owns 521,360 shares of the semiconductor company’s stock worth $42,809,000 after purchasing an additional 31,260 shares in the last quarter. Fiera Capital Corp raised its position in Power Integrations by 2.1% in the 3rd quarter. Fiera Capital Corp now owns 503,195 shares of the semiconductor company’s stock valued at $38,399,000 after purchasing an additional 10,271 shares in the last quarter. Finally, Seven Eight Capital LP boosted its stake in shares of Power Integrations by 34.7% in the 3rd quarter. Seven Eight Capital LP now owns 4,180 shares of the semiconductor company’s stock valued at $319,000 after buying an additional 1,076 shares during the period.

Wall Street Analyst Weigh In

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

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.