The President & CEO of Power Integrations (NASDAQ: POWI) is Buying Shares

By Carrie Williams

Today, the President & CEO of Power Integrations (POWIResearch Report), Balu Balakrishnan, bought shares of POWI for $1.27M.

This recent transaction increases Balu Balakrishnan’s holding in the company by 11.29% to a total of $40.64 million. This is Balakrishnan’s first Buy trade following 6 Sell transactions.

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POWI’s market cap is $1.98B and the company has a P/E ratio of 29.53. Currently, Power Integrations has an average volume of 37K.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $59.67, reflecting a -13.4% downside.

In the last 30 days, insiders have sold $108.7K worth of POWI shares and purchased $1.27M worth of POWI shares. The insider sentiment on Power Integrations has been negative according to 100 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Balu Balakrishnan’s trades have generated a -9.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Power Integrations, Inc. engages in the design, development and marketing of analog and mixed-signal integrated circuits and other electronic components and circuitry used in highvoltage power conversion. Its products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use.