Power Integrations Inc (POWI) Files Form 4 Insider Selling : Balu Balakrishnan Sells 2,353 Shares

Power Integrations Inc (POWI): Balu Balakrishnan , President and CEO of Power Integrations Inc sold 2,353 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $46.38 per share for a total value of $109,137.32 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Raja Petrakian (VP of Operations) sold 1,103 shares at $46.81 per share price.On May 4, 2016, Balu Balakrishnan (President and CEO) sold 1,830 shares at $47.65 per share price.Also, 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.

Power Integrations Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Power Integrations Inc which led to swings in the share price. The shares opened for trading at $46.22 and hit $47.31 on the upside , eventually ending the session at $47.015, with a gain of 1.19% or 0.555 points. The heightened volatility saw the trading volume jump to 96,502 shares. The 52-week high of the share price is $52.99 and the company has a market cap of $1,354 M . The 52-week low of the share price is at $36.04.

Power Integrations Inc Money Flow Index Chart

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.

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