Clifford Walker Sells 1,088 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,088 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the transaction, the vice president now directly owns 141,765 shares in the company, valued at $7,214,420.85. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Clifford Walker also recently made the following trade(s):

• On Monday, February 10th, Clifford Walker sold 1,131 shares of Power Integrations stock. The shares were sold at an average price of $58.01, for a total value of $65,609.31.
• On Tuesday, February 4th, Clifford Walker sold 2,472 shares of Power Integrations stock. The shares were sold at an average price of $60.75, for a total value of $150,174.00.

Power Integrations Trading Down 2.7 %

Shares of NASDAQ POWI opened at $43.68 on Friday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 76.63, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. The stock’s 50 day simple moving average is $58.27 and its 200 day simple moving average is $61.39. Power Integrations, Inc. has a 12-month low of $41.19 and a 12-month high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Wall Street Analyst Weigh In

A number of research firms have commented on POWI. Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Institutional Investors Weigh In On Power Integrations

A number of hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its position in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the period. Versant Capital Management Inc grew its stake in shares of Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Power Integrations in the fourth quarter worth about $51,000.

Power Integrations Company Profile

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.