IonQ CRO Alameddine Rima sells $4.6m in shares
Gagan Jain, VP, Worldwide Sales at Power Integrations Inc (NASDAQ:POWI), sold 456 shares of common stock on September 24, 2025, at a price of $41.43, for a total value of $18892. The transaction occurred as the stock trades near its 52-week low of $39.15, with shares down over 28% in the past six months. The company, currently valued at $2.2 billion, maintains a "FAIR" financial health score according to InvestingPro analysis.
In other recent news, Power Integrations reported its financial results for the second quarter of 2025, revealing mixed outcomes. The company missed earnings per share (EPS) estimates, posting $0.35 against the forecasted $0.36, while its revenue of $116 million exceeded expectations of $115.02 million, marking a 9% year-over-year increase. Despite this revenue beat, Benchmark has lowered its price target for Power Integrations from $70.00 to $55.00, citing weak guidance and macroeconomic challenges. These challenges are particularly pronounced in the consumer appliance segment, although the company maintains strong cash generation and margin resilience.
In executive news, Chief Financial Officer Sandeep Nayyar will step down on October 4 to join Altera. Robert Eric Verity, the current Senior Director of Finance, will temporarily assume the CFO role until a permanent replacement is found. Benchmark and Stifel have both reiterated their Buy ratings for Power Integrations, with Benchmark maintaining a revised price target of $55.00. The company has also reaffirmed its third-quarter financial outlook as it navigates these transitions.
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