Joby Aviation closes $591 million stock offering with full underwriter option
Gagan Jain, VP of 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 $18,892. The transaction comes as POWI shares trade near their 52-week low of $39.15, having declined 35% year-to-date. According to InvestingPro analysis, the stock currently trades below its Fair Value. The sale was executed to cover the tax liability associated with the vesting of a Restricted Stock Award. Following the transaction, Jain directly owns 18,356 shares of Power Integrations, a company with a market capitalization of $2.22 billion. InvestingPro subscribers can access 14 additional key insights about POWI’s valuation and financial health.
In other recent news, Power Integrations reported its financial results for the second quarter of 2025, missing earnings per share (EPS) estimates but surpassing revenue forecasts. The company’s EPS was $0.35, just below the projected $0.36, while revenue reached $116 million, exceeding expectations of $115.02 million. This marked a 9% increase in revenue compared to the previous year. Benchmark has maintained a Buy rating on Power Integrations, although it lowered the price target from $70.00 to $55.00 due to weak guidance. The firm cited macro and tariff-related challenges, particularly in the consumer appliance segment, as factors affecting the outlook. In personnel news, Chief Financial Officer Sandeep Nayyar will be leaving the company on October 4 to join Altera. Eric Verity, the current Senior Director of Finance, will serve as interim CFO until a permanent replacement is found. Both Benchmark and Stifel have reiterated their Buy ratings on the company despite these developments.
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