It is currently trading at $80.35 just above $73.67, the stock’s 50 day moving average and much higher than the 200 day moving average of $70.76. The 50 day moving average was up by +9.07% and the 200 day average went up $9.59 or +13.55%. Trading volume for Power Integrations, Inc. was 178K on Tuesday. Overall, volume was down 13.05% under the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of the company recently if you look at the change in short interest. The stock had a fall in short interest of -9.71% between September 29, 2017 and October 13, 2017. Short shares decreased 102,353 over that timeframe. Days to cover decreased -3.0 to 4.0 and the short interest percentage is 0.03% as of October 13.
Power Integrations, Inc. (NASDAQ:POWI) has been the object of insider selling activity recently. Radu Barsan, VP disclosed the sale of 399 shares of POWI stock. The shares were sold on August 30th for an average price of $72.00. Barsan now owns $2,507,400 of the stock according to the SEC filing. Doug Bailey, VP let go of $10,534 worth of shares at an average price of $70.70 on Mon the 28th. The VP now owns $3,169,269 of the stock as reported to the SEC.
Ben Sutherland, VP reported the sale of 172 shares. The shares were purchased at an average price of $70.84. The VP now owns $2,925,267 of the stock per the Form 4 SEC filing.
These funds have shifted positions in (POWI). As of quarter end Aperio Group, LLC had sold a total of 264 shares trimming its position 0.8%. The value of the investment in POWI decreased from $2,329,000 to $2,319,000 a change of 0.4% for the reporting period. As of the end of the quarter Cornerstone Advisors, Inc. had disposed of 129 shares trimming its holdings by 28.4%. The value of the investment in Power Integrations, Inc. went from $33,000 to $24,000 a change of $9,000 quarter to quarter.
As of quarter end Copeland Capital Management, LLC had acquired a total of 4,250 shares growing its stake by 1.6%. The value in dollars increased from $19,465,000 to $19,857,000 increasing 2.0% since the last quarter. Artemis Investment Management LLP bolstered its position by buying 335,703 shares an increase of 159.9% as of 09/30/2017. Artemis Investment Management LLP now holds 545,657 shares with a value of $39,928,000. The value of the position overall is up by 161.0%.
On July 25 the stock rating was downgraded to “Hold” from “Neutral” in a report issued by Deutsche Bank.
The company is trading down by 0.12% since yesterday’s close of $80.35. The company also declared a dividend that will be paid on Fri Dec 29, 2017. The dividend will be $0.140 per share for the quarter or $0.56 annualized. The dividend yield will be $0.66. The ex-dividend date is Tuesday the 29th of August 2017.
Power Integrations, Inc.’s P/E ratio is 44.66 and the market value is 2.39B. As of the last earnings report the EPS was $1.80 and is estimated to be $2.82 for the current year with 29,758,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.74 and the next full year EPS is anticipated to be $3.31.
Power Integrations, Inc., launched 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 Business’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 Business’s ICs are used in alternating current (AC)-direct current (DC) power supply, which convert high-voltage AC from a wall outlet to the low-voltage DC required by electronic devices. The Business’s power supplies are used with various electronic products, including mobile phones, computing and networking equipment, appliances, electronic utility meters, industrial controls and lights that utilize light emitting diodes (LEDs), and smart-home or Internet of things applications, such as networked thermostats, power strips and other home-automation and security devices. It also offers high-voltage gate drivers-either standalone ICs or circuit boards containing ICs, electrical isolation components and other circuitry used to operate high-voltage switches, such as insulated-gate bipolar transistors (IGBTs). These combinations of switches and drivers are used for power conversion in high-power applications, such as industrial motors, solar- and wind-power systems, electric vehicles and high-voltage DC transmission systems. The Business’s trademarks include EcoSmart, SCALE-III, PeakSwitch, ChiPhy, CONCEPT and PI Expert..Advertisement