Power Integrations Inc (NASDAQ:POWI) Director William George sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.00, for a total value of $680,000.00. Following the completion of the transaction, the director now owns 39,345 shares of the company’s stock, valued at $3,344,325. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NASDAQ:POWI traded down $1.00 during trading hours on Thursday, reaching $87.16. 476 shares of the stock were exchanged, compared to its average volume of 212,458. Power Integrations Inc has a twelve month low of $47.35 and a twelve month high of $102.38. The firm has a 50 day moving average of $85.04 and a 200 day moving average of $75.53. The stock has a market cap of $2.59 billion, a PE ratio of 40.61 and a beta of 1.29.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, August 29th. Power Integrations’s dividend payout ratio (DPR) is currently 31.78%.

Several brokerages recently issued reports on POWI. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Thursday. Loop Capital reiterated a “hold” rating and issued a $76.00 price objective on shares of Power Integrations in a research report on Tuesday, June 18th. Northland Securities reiterated an “underperform” rating and issued a $70.00 price objective on shares of Power Integrations in a research report on Monday, July 29th. Stifel Nicolaus set a $97.00 price objective on Power Integrations and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Deutsche Bank set a $80.00 price objective on Power Integrations and gave the company a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Power Integrations currently has an average rating of “Buy” and a consensus target price of $84.20.

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of Power Integrations by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 344,793 shares of the semiconductor company’s stock worth $21,025,000 after purchasing an additional 17,356 shares during the period. Brinker Capital Inc. raised its holdings in shares of Power Integrations by 8.7% during the first quarter. Brinker Capital Inc. now owns 17,695 shares of the semiconductor company’s stock worth $1,238,000 after purchasing an additional 1,414 shares during the period. Ellis Investment Partners LLC acquired a new stake in shares of Power Integrations during the first quarter worth $77,000. Copeland Capital Management LLC raised its holdings in shares of Power Integrations by 9.3% during the first quarter. Copeland Capital Management LLC now owns 374,491 shares of the semiconductor company’s stock worth $26,192,000 after purchasing an additional 31,872 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Power Integrations by 776.5% during the first quarter. BNP Paribas Arbitrage SA now owns 6,591 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 5,839 shares during the period. 96.83% of the stock is owned by hedge funds and other institutional investors.

About Power Integrations

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.

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