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SAN JOSE, CA—Radu Barsan, Vice President of Technology and Engineering at Power Integrations Inc. (NASDAQ:POWI), recently sold shares of the company’s stock valued at approximately $85,082. According to a filing with the Securities and Exchange Commission, Barsan sold 1,672 shares at an average price of $50.8867 per share on April 2, 2025. The transaction occurred amid a challenging period for the stock, which has declined over 30% in the past six months and currently trades at $43.63, near its 52-week low of $41.19.
Following this transaction, Barsan retains ownership of 43,623 shares in the semiconductor company. The sale was executed to cover tax liabilities associated with the vesting of a Restricted Stock Award. Despite recent price weakness, InvestingPro analysis shows Power Integrations maintains strong financial health with a current ratio of 9.29 and more cash than debt on its balance sheet. Get access to 15+ additional ProTips and comprehensive analysis with an InvestingPro subscription.
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 forecasted $119.74 million. The company’s non-GAAP earnings per share (EPS) was $0.30, missing the expected $0.40. For the full year, revenue was $419 million, marking a 6% decline from the previous year. The company highlighted its leadership in GaN technology, which it expects to be a significant growth driver in 2025, particularly in the automotive and industrial sectors. CEO Balu Balakrishnan announced his intention to retire, with the board actively searching for a successor. Additionally, Greg Lowe, former CEO of Wolfspeed (NYSE:WOLF), joined the board, bringing extensive experience in the semiconductor industry. Looking ahead, Power Integrations anticipates flat sequential revenue growth for Q1 2025, with potential fluctuations of ±5%.
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