Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) CEO Balu Balakrishnan sold 9,544 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total transaction of $488,557.36. Following the completion of the transaction, the chief executive officer now directly owns 590,580 shares in the company, valued at approximately $30,231,790.20. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Balu Balakrishnan also recently made the following trade(s):

Shares of POWI traded down $1.22 during midday trading on Friday, hitting $43.68. 1,337,835 shares of the stock were exchanged, compared to its average volume of 439,028. Power Integrations, Inc. has a 52-week low of $41.26 and a 52-week high of $79.13. The stock has a fifty day simple moving average of $58.27 and a 200 day simple moving average of $61.38. The firm has a market cap of $2.48 billion, a P/E ratio of 76.63, a P/E/G ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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 research analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

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

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in Power Integrations by 25.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company's stock worth $150,062,000 after purchasing an additional 476,986 shares in the last quarter. Norges Bank purchased a new stake in shares of Power Integrations during the fourth quarter worth approximately $19,663,000. Federated Hermes Inc. increased its stake in shares of Power Integrations by 40.0% during the fourth quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company's stock worth $43,870,000 after buying an additional 203,309 shares during the period. JPMorgan Chase & Co. lifted its stake in Power Integrations by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock worth $118,492,000 after acquiring an additional 178,896 shares during the last quarter. Finally, Snyder Capital Management L P lifted its stake in Power Integrations by 22.3% in the fourth quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock worth $54,451,000 after acquiring an additional 160,784 shares during the last quarter.

POWI has been the topic of a number of analyst reports. StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday. Benchmark reiterated a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.00.

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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.

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