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SAN JOSE, CA—Radu Barsan, the Vice President of Technology, Engineering at Power Integrations Inc. (NASDAQ:POWI), recently sold a significant portion of his holdings in the semiconductor company. According to a filing with the Securities and Exchange Commission, Barsan disposed of 10,393 shares of common stock on February 20, 2025. The shares were sold at an average price of $66.0841, resulting in a total transaction value of approximately $686,812. The transaction comes as the stock has shown significant momentum, gaining 8.7% over the past week, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.
Following the sale, Barsan retains ownership of 45,295 shares in the company. Power Integrations, headquartered in San Jose, California, specializes in developing technology for semiconductors and related devices. With a market capitalization of $3.7 billion, the company maintains strong financial health with more cash than debt and has consistently paid dividends for 18 consecutive years. InvestingPro subscribers can access 12 additional key insights and a comprehensive analysis of POWI’s financial metrics in the Pro Research Report.
In other recent news, Power Integrations Inc. reported its Q4 2024 earnings, revealing an 18% increase in revenue year-over-year to $105 million. However, this figure fell short of the anticipated $119.74 million. The company’s non-GAAP earnings per share (EPS) were $0.30, missing the forecasted $0.40. The annual revenue for 2024 was $419 million, marking a 6% decrease from the previous year, attributed to broader market challenges. In other developments, CEO Balu Balakrishnan announced his retirement plans, with the company initiating a search for his successor. Additionally, Greg Lowe, former CEO of Wolfspeed (NYSE:WOLF), will join the Board, bringing extensive experience in analog and power semiconductors. Looking ahead, Power Integrations highlighted the potential of GaN technology and expects significant growth in the industrial market segment in 2025.
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