Power Integrations Inc (NASDAQ:POWI) VP Ben Sutherland sold 191 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $87.78, for a total transaction of $16,765.98. Following the sale, the vice president now owns 41,370 shares in the company, valued at $3,631,458.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ben Sutherland also recently made the following trade(s):

  • On Thursday, August 15th, Ben Sutherland sold 364 shares of Power Integrations stock. The stock was sold at an average price of $83.77, for a total transaction of $30,492.28.

Power Integrations stock opened at $88.46 on Thursday. Power Integrations Inc has a 52 week low of $47.35 and a 52 week high of $102.38. The firm’s 50-day simple moving average is $85.04 and its 200 day simple moving average is $75.53. The firm has a market capitalization of $2.59 billion, a PE ratio of 41.34 and a beta of 1.29.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Power Integrations had a net margin of 14.79% and a return on equity of 9.87%. The business had revenue of $102.87 million for the quarter, compared to analyst estimates of $100.04 million. During the same period in the previous year, the firm earned $0.74 EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, research analysts forecast that Power Integrations Inc will post 1.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $0.17 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.77%. Power Integrations’s dividend payout ratio is presently 31.78%.

Several equities research analysts have commented on POWI shares. BidaskClub upgraded shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 27th. Stifel Nicolaus set a $97.00 target price on shares of Power Integrations and gave the stock a “buy” rating in a research report on Friday, July 26th. Northland Securities restated an “underperform” rating and set a $70.00 target price on shares of Power Integrations in a research report on Monday, July 29th. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Thursday. Finally, Loop Capital restated a “hold” rating and set a $76.00 target price on shares of Power Integrations in a research report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Power Integrations has a consensus rating of “Buy” and a consensus target price of $84.20.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Power Integrations by 0.7% in the 2nd quarter. BlackRock Inc. now owns 4,230,257 shares of the semiconductor company’s stock worth $339,182,000 after buying an additional 30,956 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Power Integrations by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,003,910 shares of the semiconductor company’s stock worth $240,854,000 after buying an additional 16,957 shares in the last quarter. Invesco Ltd. boosted its position in shares of Power Integrations by 7.8% in the 2nd quarter. Invesco Ltd. now owns 937,237 shares of the semiconductor company’s stock worth $75,147,000 after buying an additional 68,121 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Power Integrations by 4.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 700,687 shares of the semiconductor company’s stock worth $53,982,000 after buying an additional 30,802 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Power Integrations by 0.9% in the 2nd quarter. Northern Trust Corp now owns 547,014 shares of the semiconductor company’s stock worth $43,859,000 after buying an additional 4,741 shares in the last quarter. Institutional investors and hedge funds own 96.83% of the company’s stock.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.

Read More: Why are percentage decliners important?

Insider Buying and Selling by Quarter for Power Integrations (NASDAQ:POWI)

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.