There has been some selling insider activity on Power Integrations, Inc. (NASDAQ:POWI) recently. Today Doug Bailey, VP disclosed the sale of 460 shares of (POWI). The shares were purchased at an average price of $60.00. The VP now owns $1,605,540 of the stock per the Form 4 SEC filing. Alan Bickell, Director reported the sale of 4,000 shares of POWI stock. The shares were sold on August 25th for an average price of $58.39. Bickell now owns $615,080 of the stock according to the SEC filing.
Yesterday VP Ben Sutherland disclosed the sale of 2,216 shares. The shares were sold on July 29th for an average price of $57.97. The VP now owns $1,383,628 of the stock according to the SEC filing.
Here are a few other firms who have also updated their positions. As of quarter end Mason Street Advisors, LLC had bought 1,049 shares growing its holdings by 22.9%. The value of the total investment in Power Integrations, Inc. went from $223,000 to $282,000 increasing 26.5% since the last quarter. Northwestern Mutual Wealth Management Co cut its holdings by shedding 27 shares a decrease of 12.8% in the quarter. Northwestern Mutual Wealth Management Co controls 184 shares with a value of $9,000. The total value of its holdings decreased 10.0%.
Royal Bank Of Canada expanded its stake by buying 64 shares an increase of 206.5%. Royal Bank Of Canada claims 95 shares valued at $5,000. The value of the position overall is up by 150.0%. As of the end of the quarter Ifp Advisors, Inc had disposed of a total of 24 shares trimming its position 2.3%. The value of the investment in Power Integrations, Inc. decreased from $52,000 to $52,000 a change of $0 quarter over quarter.
On June 23 the stock rating was downgraded from “” to “Neutral” in a report from Sidoti & Co.. On February 5 Deutsche Bank maintained a stock rating of “Buy” and moved down the price target to $50.00 from $53.00.
February 5 investment analysts at Stifel Nicolaus kept the company rating at “Buy” and lowered the price expectation from $58.00 to $56.00. On January 8 the company was rated “Buy” according to a Sidoti & Co. report which is up from the previous “Neutral” rating.
On November 23, 2015 the stock rating was set at “Neutral” in a report from Sidoti & Co. a cut from the previous “Buy” rating. On July 30 Stifel Nicolaus left the company rating at “Buy” but lowered the price expectation from $60.00 to $56.00.
The company is now up since yesterday’s close of $60.24. Power Integrations, Inc. also declared a dividend that will be paid on Friday the 30th of September 2016. The dividend will be $0.130 per share for the quarter which comes to $0.52 on an annualized basis. This dividend represents a yeild of $0.85 which is the dividend as a percentage of the current share price. The ex-dividend date is set for Monday the 29th of August 2016.
Company chares are trading at $61.21 marginally over the 50 day moving average of $58.60 and a tad higher than the 200 day moving average of $52.18. The 50 day moving average moved up $2.63 and the 200 day average went up by +17.35%.
The P/E ratio is 40.71 and the market cap of the company is 1.77B. As of the last earnings report the EPS was $1.50 and is expected to be $2.33 for the current year with 28,888,000 shares outstanding. Next quarter’s EPS is expected be $0.61 and the next full year EPS is anticipated to be $2.75.
Traders are a little more bearish on shares of the company of late as indicated by the change in short interest. The firm experienced a rise in short interest of 0.19% as of September 15, 2016 from the last reporting period. Short shares increased 123,853 over that period. With short interest at 765,328 and short average daily volume at 113,020, days to cover is 6.8 and the percentage of shorted shares was 0.03% on September 15.