Power Integrations Inc (POWI): Balu Balakrishnan , President and CEO of Power Integrations Inc sold 1,830 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $47.65 per share for a total value of $87,197.67 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 8, 2016, Nicholas Brathwaite (director) sold 6,000 shares at $48.23 per share price.On Feb 17, 2016, Doug Bailey (VP Marketing) sold 418 shares at $45.37 per share price.Also, On Feb 17, 2016, Radu Barsan (VP of Technology, Engineering) sold 348 shares at $46.15 per share price.On Feb 5, 2016, Raja Petrakian (VP of Operations) sold 181 shares at $40.00 per share price.
Shares of Power Integrations Inc (POWI) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.67 points or -1.41% at $46.81 with 1,33,174 shares getting traded. Post opening the session at $47.01, the shares hit an intraday low of $46.65 and an intraday high of $47.87 and the price vacillated in this range throughout the day. The company has a market cap of $1,348 M and the number of outstanding shares has been calculated to be 2,88,01,833 shares. The 52-week high of Power Integrations Inc is $52.99 and the 52-week low is $36.04.
Power Integrations Inc. (Power Integrations) 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 AC-DC power conversion products are TinySwitch LinkSwitch Hiper and InnoSwitch families. Its Insulated-gate bipolar transistors (IGBT) drivers products are the SCALE and SCALE-2 product-families. The Company’s High-voltage DC-DC products are DPA-Switch family. 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. It sells its products to original equipment manufacturers (OEMs) and merchant power supply manufacturers.