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Gagan Jain, Vice President of Worldwide Sales at Power Integrations Inc. (NASDAQ:POWI), recently sold shares of the company’s stock totaling $20,456. The transactions occurred on April 2, 2025, and involved the sale of 402 shares at an average price of $50.8867 per share. The stock has since declined significantly, falling over 14% in the past week to $43.63, approaching its 52-week low of $41.19.
These sales were reported in a Form 4 filing with the Securities and Exchange Commission. The transactions were part of an automatic sale to cover tax liabilities associated with the vesting of a Restricted Stock Award. Following these transactions, Jain now holds 20,641 shares of Power Integrations. For comprehensive insider trading analysis and more exclusive insights, check out the detailed InvestingPro research report.
Power Integrations, based in San Jose, California, is a leading provider of semiconductor technologies for high-voltage power conversion. The company, valued at $2.48 billion, maintains a strong financial position with a current ratio of 9.29 and has increased its dividend for 12 consecutive years.
In other recent news, Power Integrations Inc. reported its Q4 2024 earnings, revealing a revenue increase of 18% year-over-year to $105 million, though this figure fell short of the forecasted $119.74 million. The company’s non-GAAP earnings per share (EPS) was $0.30, missing the expected $0.40. Full-year revenue reached $419 million, marking a 6% decline from the previous year. Despite these results, Power Integrations is optimistic about the future, particularly with the potential of its GaN technology in driving growth. The company projects that GaN technology will contribute more than 10% of sales in 2025, with significant growth anticipated in the industrial market segment. Additionally, Power Integrations announced that CEO Balu Balakrishnan plans to retire, with a search underway for his successor. Greg Lowe, former CEO of Wolfspeed (NYSE:WOLF), will join the company’s board, bringing extensive industry experience. These developments highlight Power Integrations’ strategic focus on innovation and leadership transitions as it navigates market challenges and opportunities.
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