Director Nicholas Brathwaite Sells 8,000 Shares of Power Integrations Inc
On February 20, 2024, Nicholas Brathwaite, a director at Power Integrations Inc (NASDAQ:POWI), executed a sale of 8,000 shares of the company's stock, as reported in a recent SEC Filing. This transaction has contributed to the insider's total sale of 14,000 shares over the past year, with no recorded purchases in the same period.
Power Integrations Inc specializes in the design, development, and marketing of integrated circuits used for power conversion. The company's products are utilized in a variety of electronic devices and industries, including consumer electronics, industrial applications, and communication infrastructure.
The insider transaction history for Power Integrations Inc indicates a trend of insider sales, with 55 insider sells and no insider buys over the past year.
On the valuation front, Power Integrations Inc's shares were trading at $72.25 on the date of the insider's recent transaction, resulting in a market cap of $4.11 billion. The price-earnings ratio stands at 74.55, surpassing both the industry median of 29.03 and the company's historical median price-earnings ratio.
According to the GF Value, with a share price of $72.25 and a GuruFocus Value of $64.67, Power Integrations Inc's price-to-GF-Value ratio is 1.12, indicating that the stock is considered Modestly Overvalued.
The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
