November 28, 2016 - By Ruchi Gupta
Doug Bailey, the VP Marketing of Power Integrations Inc, sold 5,000 shares of the company, valued by the market at around $344,000 U.S Dollars, totalled based on $68.8 for every share. It seems he is very active lately as in the last month, he quietly unloaded additional 573 shares of the company, worth $36,745 USD. The probability of this stocks unloading staying hidden is quite small, with the VP Marketing presently possessing 25,726 shares – that is 0.09% of the total market cap of the company. The date of sale was 23-11-2016, and it was made public in a SEC-filed filing, which you can locate here.
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 -12.38% below today’s ($68.1) stock price. Power Integrations has been the topic of 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Power Integrations Inc (NASDAQ:POWI) has “Buy” rating given on Friday, November 13 by Stifel Nicolaus. The firm has “Neutral” rating by Sidoti given on Thursday, June 23. Sidoti upgraded the stock to “Buy” rating in Friday, January 8 report. Northland Capital maintained the shares of POWI in a report on Thursday, October 29 with “Outperform” rating. As per Thursday, October 13, the company rating was maintained by Stifel Nicolaus. Northland Capital maintained the stock with “Outperform” rating in Thursday, July 30 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 30. The company was downgraded on Monday, November 23 by Sidoti.
Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.23, from 1.38 in 2016Q1. The ratio dropped, 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.
Comerica Financial Bank has 29,419 shares for 0.01% of their US portfolio. Moreover, Kcg Holdg has 0.01% invested in Power Integrations Inc (NASDAQ:POWI) for 11,878 shares. Archford Cap Strategies Limited Company accumulated 76 shares or 0% of the stock. Vanguard has 0.01% invested in the company for 2.21 million shares. Strs Ohio accumulated 102,300 shares or 0.02% of the stock. Baillie Gifford Co accumulated 80,680 shares or 0.01% of the stock. Da Davidson &, a Montana-based fund reported 2,162 shares. Finemark Bank & Trust & holds 0% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 528 shares. Eagle Asset Mgmt holds 79,060 shares or 0.03% of its portfolio. Plante Moran Fincl Advsr Limited Liability Com accumulated 0.01% or 273 shares. Envestnet Asset Mgmt accumulated 42,659 shares or 0.01% of the stock. Tompkins Fincl has invested 0.01% of its portfolio in Power Integrations Inc (NASDAQ:POWI). Granahan Investment Management Ma accumulated 272,282 shares or 0.5% of the stock. Moreover, Dimensional Fund L P has 0.02% invested in Power Integrations Inc (NASDAQ:POWI) for 735,222 shares. Rothschild Asset Management accumulated 0.07% or 80,997 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 insider purchases, and 52 selling transactions for $21.84 million net activity. Barsan Radu had sold 250 shares worth $14,625 on Thursday, August 25. $7,176 worth of Power Integrations Inc (NASDAQ:POWI) was sold by Sutherland Ben on Friday, November 4. $10,723 worth of shares were sold by NAYYAR SANDEEP on Friday, November 4. BALAKRISHNAN BALU sold $2.48M worth of Power Integrations Inc (NASDAQ:POWI) on Thursday, September 22. On Monday, July 11 the insider Bailey Doug sold $25,625. 12,454 shares were sold by WALKER CLIFFORD, worth $788,780. 1,000 Power Integrations Inc (NASDAQ:POWI) shares with value of $64,925 were sold by Matthews David MH.
About 38,723 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 42.61 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 earnings per share, down 12.24% or $0.06 from last year’s $0.49 per share. POWI’s profit will be $12.57 million for 39.59 P/E if the $0.43 EPS becomes a reality. After $0.53 actual earnings per share 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Ruchi Gupta