November 23, 2016 - By Ruchi Gupta
Two days ago, an insider trading transaction was made. Sandeep Nayyar, the Chief Financial Officer and an insider of Power Integrations Inc unloaded precisely 5,119 shares of Power Integrations Inc, worth around $346,812 U.S Dollars, at $67.8 for share at the time of the transaction. It seems he is very active lately as in the last 30 days, he silently sold additional 12,113 shares of the company, worth $807,168 USD. The stock transaction by Mr. Sandeep – was dated on November 22, 2016 and made public in a SEC’s report available here. Sandeep Nayyar now has rights to 33,865 shares or 0.12% of Power Integrations Inc’s market cap.
Out of 3 analysts covering Power Integrations (NASDAQ:POWI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $70 is the highest target while $50 is the lowest. The $59.67 average target is -13.21% below today’s ($68.75) stock price. Power Integrations has been the topic of 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 13 report. The stock has “Neutral” rating given by Sidoti on Monday, November 23. Northland Capital maintained Power Integrations Inc (NASDAQ:POWI) on Thursday, October 29 with “Outperform” rating. The rating was downgraded by Sidoti on Thursday, June 23 to “Neutral”. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 30. The rating was upgraded by Sidoti on Friday, January 8 to “Buy”. The firm has “Outperform” rating given on Thursday, July 30 by Northland Capital. The rating was maintained by Stifel Nicolaus on Friday, November 13 with “Buy”.
Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.23, from 1.38 in 2016Q1. The ratio fall, as 11 funds sold all Power Integrations Inc shares owned while 57 reduced positions. 30 funds bought stakes while 64 increased positions. They now own 27.49 million shares or 0.74% more from 27.29 million shares in 2016Q1.
Capstone Asset Management has invested 0.01% of its portfolio in Power Integrations Inc (NASDAQ:POWI). Amer Gp accumulated 0% or 20,643 shares. Wellington Management Group Limited Liability Partnership last reported 0.01% of its portfolio in the stock. Bartlett Ltd Co holds 98 shares or 0% of its portfolio. Herald Inv Management has invested 0.73% of its portfolio in Power Integrations Inc (NASDAQ:POWI). The United Kingdom-based Barclays Public Limited has invested 0% in Power Integrations Inc (NASDAQ:POWI). Strs Ohio accumulated 102,300 shares or 0.02% of the stock. Rothschild Asset accumulated 80,997 shares or 0.07% of the stock. Moreover, Van Eck Assoc Corp has 0.01% invested in Power Integrations Inc (NASDAQ:POWI) for 41,046 shares. Fiera Corp has invested 0.23% of its portfolio in Power Integrations Inc (NASDAQ:POWI). Aqr Capital Management Limited Liability Corporation last reported 0% of its portfolio in the stock. Atlanta Management Co L L C has 341,605 shares for 0.11% of their US portfolio. Principal Fincl Grp has 202,675 shares for 0.01% of their US portfolio. Eagle Asset has 79,060 shares for 0.03% of their US portfolio. The Massachusetts-based Rhumbline Advisers has invested 0.01% in Power Integrations Inc (NASDAQ:POWI).
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 51 sales for $21.50 million net activity. 10,000 Power Integrations Inc (NASDAQ:POWI) shares with value of $578,397 were sold by BALAKRISHNAN BALU. NAYYAR SANDEEP sold 5,549 shares worth $371,506. Bickell Alan also sold $233,577 worth of Power Integrations Inc (NASDAQ:POWI) shares. The insider Sutherland Ben sold $128,462. Matthews David MH sold 114 shares worth $7,221. 186 shares were sold by Barsan Radu, worth $12,058 on Monday, November 7. Bailey Doug also sold $7,167 worth of Power Integrations Inc (NASDAQ:POWI) shares.
About 73,794 shares traded hands. Power Integrations Inc (NASDAQ:POWI) has risen 50.87% since April 21, 2016 and is uptrending. It has outperformed by 45.54% the S&P500.
Power Integrations, Inc. designs, develops and markets analog and mixed-signal integrated circuits and other electronic components and circuitry used in high-voltage power conversion. The company has a market cap of $2.03 billion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use. It has a 43.02 P/E ratio. The Company’s alternating current (AC)-direct current (DC) power conversion products are TinySwitch, LinkSwitch and Hiper families.
According to Zacks Investment Research, “Power Integrations, Inc. designs, develops, manufactures and markets proprietary, high-voltage, analog integrated circuits for use primarily in alternating current to direct current power conversion. The company has targeted high-volume power supply markets including: the cellular telephone market, the personal computer market, the cable and direct broadcast satellite decoder box market, and various other consumer and industrial electronics markets.”
Analysts await Power Integrations Inc (NASDAQ:POWI) to report earnings on February, 2. They expect $0.43 EPS, down 12.24% or $0.06 from last year’s $0.49 per share. POWI’s profit will be $12.70 million for 39.97 P/E if the $0.43 EPS becomes a reality. After $0.53 actual EPS reported by Power Integrations Inc for the previous quarter, Wall Street now forecasts -18.87% negative EPS growth.
More news for Power Integrations Inc (NASDAQ:POWI) were recently published by: Streetinsider.com, which released: “Form 4 POWER INTEGRATIONS INC For: Nov 18 Filed by: NAYYAR SANDEEP” on November 22, 2016. Businesswire.com‘s article titled: “Power Integrations Appoints Thomas Simonis as VP of High-Power Products” and published on July 25, 2016 is yet another important article.
Power Integrations, Inc., incorporated on August 12, 1997, designs, develops, and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use. The Company’s ICs used in alternating current (AC)-direct current (DC) power supplies convert high-voltage AC to the low-voltage DC required by electronic devices. The Company’s power supplies are used with various electronic products, including mobile phones computers entertainment and networking equipment appliances utility meters industrial controls and light emitting diodes (LED) lights. The Firm sells its products to original equipment manufacturers and merchant power supply manufacturers through its network. The Firm has presence in various countries, including the United States, Switzerland, the United Kingdom, Germany, Italy, India, China, Japan, Korea, Philippines, Singapore and Taiwan.
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By Ruchi Gupta