November 30, 2016 - By Marie Mckinney
Alan Bickell, director of Power Integrations Inc, in an insider trade unloaded 6,000 shares whose sum is estimated to be $408,434 at average stock price of $68.1. Alan Bickell today has in hand 10,534 shares or 0.04% 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 -12.19% below today’s ($67.95) stock price. Power Integrations has been the topic of 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained Power Integrations Inc (NASDAQ:POWI) on Thursday, October 13 with “Buy” rating. The firm has “Buy” rating by Sidoti given on Friday, January 8. As per Thursday, July 30, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Northland Capital with “Outperform” on Thursday, October 29. The company was maintained on Friday, November 13 by Stifel Nicolaus. On Thursday, July 30 the stock rating was maintained by Northland Capital with “Outperform”. The stock has “Neutral” rating given by Sidoti on Thursday, June 23. Sidoti downgraded the stock to “Neutral” rating in Monday, November 23 report.
Insitutional Activity: The institutional sentiment decreased to 1.15 in 2016 Q2. Its down 0.23, from 1.38 in 2016Q1. The ratio is negative, 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.
Parametric Port Associate Ltd Liability holds 0% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 46,996 shares. Gemmer Asset Management accumulated 0% or 58 shares. Vanguard Gp last reported 0.01% of its portfolio in the stock. Archford Strategies Ltd Liability Co owns 76 shares or 0% of their US portfolio. Swiss Bancorp holds 0% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 46,400 shares. Pinebridge L P has invested 0.01% of its portfolio in Power Integrations Inc (NASDAQ:POWI). Keybank Association Oh, a Ohio-based fund reported 6,262 shares. Ubs Asset Americas, a Illinois-based fund reported 13,371 shares. Renaissance Techs Lc accumulated 312,800 shares or 0.03% of the stock. Sei Invests accumulated 0% or 7,610 shares. Glenmede Trust Na last reported 0% of its portfolio in the stock. The United Kingdom-based Hsbc Holdings Public Limited has invested 0% in Power Integrations Inc (NASDAQ:POWI). Cornerstone last reported 0.02% of its portfolio in the stock. Snyder Capital Management Lp holds 1.84% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 563,099 shares. Aperio Grp Limited Liability Company accumulated 0.01% or 29,172 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 insider purchases, and 54 insider sales for $22.22 million net activity. $559,000 worth of Power Integrations Inc (NASDAQ:POWI) shares were sold by BALAKRISHNAN BALU. 114 shares were sold by Sutherland Ben, worth $7,176 on Friday, November 4. Matthews David MH sold $7,221 worth of stock or 114 shares. On Wednesday, November 2 the insider WALKER CLIFFORD sold $1.56M. Shares for $371,506 were sold by NAYYAR SANDEEP. 500 shares were sold by Bailey Doug, worth $27,880 on Tuesday, August 9. On Thursday, August 25 Bickell Alan sold $233,577 worth of the stock or 4,000 shares.
The stock decreased 0.59% or $0.4 during the last trading session, hitting $67.95. About 79,055 shares traded hands. Power Integrations Inc (NASDAQ:POWI) has risen 46.20% since April 26, 2016 and is uptrending. It has outperformed by 40.94% 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 $1.97 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 42.52 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 $12.47M for 39.51 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 recent Power Integrations Inc (NASDAQ:POWI) news were published by: Streetinsider.com which released: “Form 4 POWER INTEGRATIONS INC For: Nov 25 Filed by: Bickell Alan” on November 30, 2016. Also Nasdaq.com published the news titled: “Power Integrations, Inc. (POWI) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. Streetinsider.com‘s news article titled: “Form 4 POWER INTEGRATIONS INC For: Nov 23 Filed by: Matthews David MH” with publication date: November 28, 2016 was also an interesting one.
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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