November 28, 2016 - By Marguerite Chambers
David Matthews, an insider of Power Integrations Inc, currently VP of Product Development recently disclosed a trade with the Security Exchange Commission. As published in the public report, David Matthews made a sale of 500 shares of the stock exchange listed company, priced at $68.5 per share. $34,253 US Dollars was the trade’s value. The SEC report’s date was November 23, 2016. In the last month, he also unloaded 1,114 shares with value $72,146 USD. David Matthews owns 0.08% of the -company’s market cap or 24,636 shares.
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 -12.31% below today’s ($68.05) stock price. Power Integrations has been the topic of 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Thursday, October 29, the company rating was maintained by Northland Capital. On Friday, January 8 the stock rating was upgraded by Sidoti to “Buy”. Sidoti downgraded the shares of POWI in a report on Monday, November 23 to “Neutral” rating. The firm has “Buy” rating given on Thursday, October 13 by Stifel Nicolaus. The rating was downgraded by Sidoti on Thursday, June 23 to “Neutral”. The firm earned “Buy” rating on Friday, November 13 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 30. The stock of Power Integrations Inc (NASDAQ:POWI) has “Outperform” rating given on Thursday, July 30 by Northland Capital.
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.
Legal General Gru Public Ltd accumulated 7,088 shares or 0% of the stock. Advisory Svcs Net last reported 41 shares in the company. Hsbc Holding Plc reported 4,570 shares or 0% of all its holdings. Quantitative Inv Limited Company holds 0.02% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 8,200 shares. Pub Employees Retirement Association Of Colorado has 0.1% invested in the company for 247,100 shares. Northern Trust Corp has 592,214 shares for 0.01% of their US portfolio. Kennedy Mngmt owns 33,771 shares or 0.03% of their US portfolio. First Midwest Bancshares Trust Division, a Illinois-based fund reported 7,125 shares. Manufacturers Life Ins Communication The holds 0% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 18,416 shares. Soros Fund Mngmt Ltd holds 0.14% or 132,671 shares in its portfolio. Baillie Gifford & Communication last reported 0.01% of its portfolio in the stock. Ahl Prtnrs Llp last reported 18,486 shares in the company. Finemark Financial Bank Trust owns 528 shares or 0% of their US portfolio. Royal National Bank & Trust Of Canada holds 28,427 shares or 0% of its portfolio. Bartlett Co Ltd Llc last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 9, 2016, the stock had 0 insider purchases, and 52 sales for $21.84 million net activity. 3,655 shares were sold by BALAKRISHNAN BALU, worth $215,280. SHARP STEVEN had sold 10,000 shares worth $652,004. $371,506 worth of Power Integrations Inc (NASDAQ:POWI) was sold by NAYYAR SANDEEP. 500 shares with value of $25,940 were sold by Bailey Doug on Thursday, June 9. Sutherland Ben also sold $12,229 worth of Power Integrations Inc (NASDAQ:POWI) shares. Barsan Radu also sold $14,625 worth of Power Integrations Inc (NASDAQ:POWI) on Thursday, August 25. $641,560 worth of shares were sold by IYER BALAKRISHNAN S on Wednesday, November 9.
About 38,393 shares traded hands. Power Integrations Inc (NASDAQ:POWI) has risen 49.26% since April 25, 2016 and is uptrending. It has outperformed by 43.25% 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 $1.99 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 42.58 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 $12.57 million for 39.56 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.
Another recent and important Power Integrations Inc (NASDAQ:POWI) news was published by Streetinsider.com which published an article titled: “Form 4 POWER INTEGRATIONS INC For: Nov 23 Filed by: Matthews David MH” on November 28, 2016.
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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