Sunil Gupta Sells 6,860 Shares of Power Integrations (NASDAQ:POWI) Stock
by Tristan Rich · The Markets DailyPower Integrations, Inc. (NASDAQ:POWI – Get Free Report) VP Sunil Gupta sold 6,860 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $83.67, for a total value of $573,976.20. Following the completion of the sale, the vice president directly owned 64,379 shares of the company’s stock, valued at $5,386,590.93. The trade was a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Sunil Gupta also recently made the following trade(s):
- On Tuesday, May 26th, Sunil Gupta sold 15,894 shares of Power Integrations stock. The stock was sold at an average price of $82.18, for a total value of $1,306,168.92.
Power Integrations Price Performance
Shares of NASDAQ POWI opened at $84.99 on Thursday. The stock has a fifty day moving average price of $66.00 and a 200 day moving average price of $50.16. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $89.00. The company has a market cap of $4.74 billion, a PE ratio of 283.31, a P/E/G ratio of 3.66 and a beta of 1.57.
Power Integrations (NASDAQ:POWI – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The firm had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. During the same period last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts anticipate that Power Integrations, Inc. will post 0.89 earnings per share for the current fiscal year.
Power Integrations Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Power Integrations’s dividend payout ratio (DPR) is currently 286.67%.
Institutional Trading of Power Integrations
A number of hedge funds have recently added to or reduced their stakes in POWI. Baird Financial Group Inc. boosted its stake in Power Integrations by 5.4% in the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after buying an additional 261 shares during the last quarter. Royal Bank of Canada boosted its stake in Power Integrations by 5.0% in the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock worth $3,827,000 after buying an additional 3,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Power Integrations by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock worth $1,701,000 after buying an additional 1,461 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Power Integrations by 14.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock worth $28,904,000 after buying an additional 74,107 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Power Integrations by 15.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock worth $8,825,000 after buying an additional 23,389 shares during the last quarter.
Analysts Set New Price Targets
POWI has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a research report on Monday, April 6th. Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Stifel Nicolaus increased their price objective on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Susquehanna increased their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Power Integrations has an average rating of “Hold” and a consensus target price of $64.50.
Read Our Latest Research Report on Power Integrations
About Power Integrations
Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.
The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.
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