Market Summary
USD78.99-0.95
Market Closed-1.19%
POWI Stock Price
POWI RSI Chart
POWI Valuation
POWI Price/Sales (Trailing)
POWI Profitability
POWI Fundamentals
POWI Revenue
POWI Earnings
Price Action
52 Week Range
59.1699.60
(Low)(High)
Last 7 days
2.1%
Last 30 days
-1.1%
Last 90 days
-11.2%
Trailing 12 Months
13.5%
POWI Financial Health
POWI Investor Care
Historical Charts for Stock Metrics
Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
Get all data in R, Python etc through our Historical Stock Data APIs
Latest Insider Trading transactions for POWI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-31 | WALKER CLIFFORD | sold | -839,861 | 83.9861 | -10,000 | vp corporate development |
2023-08-31 | NAYYAR SANDEEP | sold | -464,554 | 84.25 | -5,514 | chief financial officer |
2023-08-30 | Bailey Doug | sold | -84,019 | 84.019 | -1,000 | vp marketing |
2023-08-30 | Matthews David MH | sold | -507,090 | 84.2762 | -6,017 | chief technical officer |
2023-08-25 | Gupta Sunil | sold | -182,860 | 80.84 | -2,262 | vp of operations |
2023-08-23 | Bailey Doug | sold | -84,000 | 84.00 | -1,000 | vp marketing |
2023-08-22 | Matthews David MH | sold | -714,420 | 82.6206 | -8,647 | chief technical officer |
2023-08-21 | Bailey Doug | sold | -81,618 | 81.6184 | -1,000 | vp marketing |
2023-08-09 | BRATHWAITE NICHOLAS | sold | -207,315 | 83.46 | -2,484 | - |
2023-08-08 | BRATHWAITE NICHOLAS | sold | -299,141 | 85.08 | -3,516 | - |
Which funds bought or sold POWI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 1.82 | 647 | 5,302 | -% |
2023-08-24 | Alberta Investment Management Corp | added | 62.29 | 1,878,350 | 4,182,330 | 0.04% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | unchanged | - | 85,255 | 804,695 | 0.01% |
2023-08-22 | COMERICA BANK | new | - | 64,000 | 64,000 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -2.15 | 300,000 | 3,476,000 | 0.03% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.96 | 515,423 | 6,554,570 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -12.1 | -19,747 | 1,169,360 | -% |
2023-08-18 | Legato Capital Management LLC | new | - | 490,391 | 490,391 | 0.07% |
2023-08-17 | Orion Portfolio Solutions, LLC | reduced | -45.67 | -1,038,180 | 1,608,360 | 0.02% |
2023-08-16 | Nuveen Asset Management, LLC | added | 0.79 | 2,005,710 | 17,768,700 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Power Integrations
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.06% | 5,752,108 | SC 13G/A | |
| Jan 23, 2023 | blackrock inc. | 11.9% | 6,800,403 | SC 13G/A | |
| Sep 09, 2022 | vanguard group inc | 10.14% | 5,799,278 | SC 13G/A | |
| Feb 14, 2022 | neuberger berman group llc | 6.20% | 3,742,371 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 9.42% | 5,680,390 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 12.3% | 7,435,428 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 12.3% | 7,435,428 | SC 13G/A | |
| Feb 11, 2021 | neuberger berman group llc | 7.20% | 4,310,016 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.16% | 6,084,070 | SC 13G/A | |
| Jan 25, 2021 | blackrock inc. | 16.0% | 9,579,120 | SC 13G |
Recent SEC filings of Power Integrations
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 28, 2023 | 4 | Insider Trading | |
| Aug 25, 2023 | 4 | Insider Trading |
Peers (Alternatives to Power Integrations)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NVDA | 1.1T | 32.7B | 0.51% | 225.30% | 104.24 | 32.93 | 9.90% | 33.38% |
AVGO | 350.7B | 35.5B | 2.83% | 73.30% | 25.62 | 9.89 | 11.91% | 53.33% |
AMD | 164.0B | 21.9B | -3.64% | 32.36% | -6.6K | 7.5 | 1.39% | -100.80% |
INTC | 152.0B | 54.0B | 10.96% | 26.63% | -164.83 | 2.81 | -26.36% | -104.83% |
TXN | 148.1B | 18.8B | -2.01% | -1.09% | 19.27 | 7.87 | -3.94% | -10.38% |
FSLR | 18.1B | 3.0B | -7.00% | 23.45% | 115.54 | 6.04 | 20.63% | -17.29% |
LSCC | 11.9B | 722.9M | -1.51% | 66.01% | 57.97 | 16.43 | 23.44% | 50.75% |
| MID-CAP | ||||||||
AMKR | 5.6B | 6.9B | -9.78% | 23.58% | 9.61 | 0.81 | 6.33% | -16.28% |
POWI | 4.5B | 514.5M | -1.09% | 13.46% | 50.09 | 8.81 | -28.10% | -51.06% |
| SMALL-CAP | ||||||||
SGH | 1.2B | 1.7B | 0.09% | 33.14% | -44.63 | 0.68 | -7.23% | -137.93% |
ICHR | 891.9M | 1.1B | -9.76% | 11.52% | 39.52 | 0.83 | -8.91% | -64.16% |
AOSL | 809.7M | 691.3M | -5.52% | -13.27% | 65.49 | 1.17 | -11.09% | -97.27% |
CEVA | 492.7M | 122.0M | 1.55% | -25.25% | -15.87 | 4.04 | -9.27% | -3581.39% |
MX | 314.6M | 250.2M | -5.08% | -30.99% | -7.94 | 1.26 | -43.50% | -156.17% |
Power Integrations News
Returns for POWI
Cumulative Returns on POWI
11.7%
10-Year Cumulative Returns
15.3%
7-Year Cumulative Returns
19.1%
5-Year Cumulative Returns
14.2%
3-Year Cumulative Returns
Risks for POWI
What is the probability of a big loss on POWI?
70.4%
Probability that Power Integrations stock will be more than 20% underwater in next one year
40.8%
Probability that Power Integrations stock will be more than 30% underwater in next one year.
1.9%
Probability that Power Integrations stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does POWI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Power Integrations was unfortunately bought at previous high price.
Drawdowns
Financials for Power Integrations
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -10.6% | 515 | 575 | 651 | 699 | 716 | 712 | 703 | 681 | 626 | 552 | 488 | 452 | 445 | 441 | 421 | 400 | 395 | 402 | 416 | 431 | 432 |
| Cost Of Revenue | -6.6% | 238 | 255 | 284 | 306 | 323 | 335 | 343 | 340 | 316 | 281 | 245 | 224 | 219 | 217 | 207 | 196 | 193 | 195 | 201 | 210 | 213 |
| Gross Profit | -13.7% | 276 | 320 | 367 | 393 | 392 | 377 | 361 | 341 | 309 | 272 | 244 | 228 | 226 | 224 | 213 | 203 | 202 | 207 | 215 | 221 | 220 |
| Operating Expenses | 1.9% | 189 | 185 | 186 | 189 | 191 | 191 | 186 | 183 | 182 | 176 | 173 | 1.00 | -2.79 | -1.59 | -3.62 | 162 | 160 | 159 | 159 | 159 | 159 |
| S&GA Expenses | 1.6% | 63.00 | 62.00 | 63.00 | 63.00 | 64.00 | 63.00 | 61.00 | 59.00 | 57.00 | 55.00 | 54.00 | 55.00 | 55.00 | 55.00 | 54.00 | 53.00 | 53.00 | 53.00 | 53.00 | 53.00 | 53.00 |
| R&D Expenses | 1.1% | 95.00 | 94.00 | 94.00 | 92.00 | 90.00 | 89.00 | 85.00 | 85.00 | 85.00 | 83.00 | 82.00 | 78.00 | 75.00 | 75.00 | 73.00 | 73.00 | 72.00 | 71.00 | 71.00 | 70.00 | 70.00 |
| EBITDA | -100.0% | - | 175 | 218 | 240 | 236 | 219 | 208 | 190 | 158 | 113 | 89.00 | 246 | 249 | 245 | 236 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.30* | 0.34* | 0.34* | 0.33* | 0.31* | 0.30* | 0.28* | 0.25* | 0.20* | 0.18* | 0.54* | 0.56* | 0.56* | 0.56* | - | - | - | - | - | - |
| Earnings Before Taxes | -32.6% | 94.00 | 139 | 183 | 206 | 203 | 187 | 176 | 160 | 130 | 99.00 | 75.00 | 232 | 235 | 232 | 222 | 46.00 | 47.00 | 52.00 | 60.00 | 66.00 | 64.00 |
| EBT Margin | -100.0% | - | 0.24* | 0.28* | 0.29* | 0.28* | 0.26* | 0.25* | 0.23* | 0.21* | 0.18* | 0.15* | 0.51* | 0.53* | 0.53* | 0.53* | - | - | - | - | - | - |
| Net Income | -31.2% | 90.00 | 131 | 171 | 189 | 185 | 171 | 164 | 151 | 124 | 95.00 | 71.00 | 202 | 204 | 202 | 193 | 58.00 | 58.00 | 63.00 | 70.00 | 30.00 | 29.00 |
| Net Income Margin | -100.0% | - | 0.23* | 0.26* | 0.27* | 0.26* | 0.24* | 0.23* | 0.22* | 0.20* | 0.17* | 0.15* | 0.45* | 0.46* | 0.46* | 0.46* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 129 | 176 | 188 | 191 | 196 | 184 | 165 | 119 | 87.00 | 55.00 | 216 | 230 | 218 | 200 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.9% | 859 | 851 | 840 | 838 | 809 | 919 | 1,014 | 1,005 | 968 | 945 | 903 | 876 | 854 | 827 | 804 | 636 | 620 | 601 | 589 | 604 | 588 |
| Current Assets | 2.2% | 551 | 539 | 525 | 512 | 481 | 593 | 687 | 703 | 668 | 642 | 601 | 593 | 577 | 560 | 541 | 375 | 360 | 341 | 332 | 349 | 333 |
| Cash Equivalents | -10.7% | 84.00 | 94.00 | 105 | 133 | 67.00 | 171 | 158 | 262 | 297 | 343 | 259 | 232 | 251 | 190 | 179 | 80.00 | 99.00 | 126 | 134 | 149 | 148 |
| Inventory | 5.1% | 150 | 142 | 135 | 120 | 111 | 103 | 99.00 | 92.00 | 90.00 | 91.00 | 103 | 105 | 104 | 97.00 | 90.00 | 89.00 | 89.00 | 85.00 | 81.00 | 74.00 | 69.00 |
| Net PPE | -3.1% | 168 | 174 | 177 | 181 | 184 | 180 | 180 | 168 | 167 | 169 | 166 | 148 | 139 | 123 | 117 | 115 | 113 | 114 | 114 | 114 | 111 |
| Goodwill | 0% | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 | 92.00 |
| Liabilities | 2.7% | 92.00 | 89.00 | 85.00 | 88.00 | 99.00 | 99.00 | 102 | 97.00 | 98.00 | 91.00 | 93.00 | 96.00 | 94.00 | 84.00 | 79.00 | 71.00 | 77.00 | 69.00 | 62.00 | 73.00 | 66.00 |
| Current Liabilities | 2.8% | 65.00 | 63.00 | 58.00 | 59.00 | 70.00 | 69.00 | 72.00 | 66.00 | 68.00 | 63.00 | 63.00 | 66.00 | 65.00 | 54.00 | 50.00 | 50.00 | 55.00 | 51.00 | 48.00 | 51.00 | 44.00 |
| Shareholder's Equity | 0.7% | 768 | 762 | 755 | 750 | 710 | 821 | 912 | 908 | 870 | 854 | 810 | 780 | 759 | 744 | 725 | 565 | 544 | 531 | 527 | 531 | 522 |
| Retained Earnings | 0.5% | 762 | 759 | 763 | 756 | 720 | 789 | 753 | 722 | 688 | 654 | 622 | 601 | 593 | 586 | 576 | 423 | 411 | 405 | 403 | 384 | 372 |
| Additional Paid-In Capital | 27.8% | 11.00 | 9.00 | - | 6.00 | - | 40.00 | 162 | 190 | 186 | 203 | 191 | 181 | 168 | 162 | 152 | 144 | 134 | 128 | 126 | 149 | 152 |
| Shares Outstanding | 0.4% | 57.00 | 57.00 | 57.00 | 57.00 | 58.00 | 59.00 | 60.00 | 60.00 | 61.00 | 60.00 | 60.00 | 60.00 | 60.00 | 59.00 | 59.00 | 59.00 | 59.00 | 58.00 | 58.00 | 59.00 | 59.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -38.5% | 97.00 | 157 | 215 | 238 | 247 | 247 | 231 | 230 | 188 | 157 | 126 | 261 | 267 | 250 | 224 | 61.00 | 62.00 | 69.00 | 84.00 | 93.00 | 94.00 |
| Share Based Compensation | 14.8% | 24.00 | 21.00 | 22.00 | 26.00 | 33.00 | 38.00 | 38.00 | 36.00 | 36.00 | 33.00 | 31.00 | 30.00 | 26.00 | 26.00 | 23.00 | 20.00 | 20.00 | 20.00 | 22.00 | 23.00 | 25.00 |
| Cashflow From Investing | 5.2% | -19.12 | -20.17 | 78.00 | -3.13 | -106 | -183 | -232 | -141 | -94.04 | 15.00 | -28.26 | -92.74 | -100 | -172 | -162 | -83.90 | -53.80 | 22.00 | 69.00 | 89.00 | 101 |
| Cashflow From Financing | 71.5% | -60.86 | -213 | -346 | -364 | -370 | -236 | -98.83 | -57.73 | -47.37 | -19.25 | -17.19 | -16.84 | -14.61 | -12.29 | -17.90 | -45.16 | -56.93 | -86.93 | -112 | -84.71 | -79.83 |
| Dividend Payments | 1.5% | 42.00 | 42.00 | 41.00 | 40.00 | 38.00 | 35.00 | 33.00 | 30.00 | 29.00 | 27.00 | 25.00 | 24.00 | 23.00 | 21.00 | 21.00 | 20.00 | 19.00 | 19.00 | 19.00 | 18.00 | 18.00 |
| Buy Backs | -86.1% | 25.00 | 178 | 311 | 330 | 340 | 209 | 74.00 | 36.00 | 26.00 | 1.00 | 3.00 | 3.00 | 3.00 | 2.00 | 7.00 | 36.00 | 47.00 | 77.00 | 103 | 77.00 | 73.00 |
POWI Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) | ||||
| NET REVENUES | $ 123,223 | $ 183,986 | $ 229,520 | $ 366,135 |
| COST OF REVENUES | 60,377 | 77,143 | 112,717 | 158,617 |
| GROSS PROFIT | 62,846 | 106,843 | 116,803 | 207,518 |
| OPERATING EXPENSES: | ||||
| Research and development | 24,517 | 23,507 | 48,498 | 47,185 |
| Sales and marketing | 17,017 | 16,045 | 32,902 | 32,381 |
| General and administrative | 8,671 | 6,059 | 17,005 | 15,673 |
| Other operating expenses, net | 0 | 1,130 | 0 | 1,130 |
| Total operating expenses | 50,205 | 46,741 | 98,405 | 96,369 |
| INCOME FROM OPERATIONS | 12,641 | 60,102 | 18,398 | 111,149 |
| OTHER INCOME | 2,714 | 674 | 4,428 | 1,228 |
| INCOME BEFORE INCOME TAXES | 15,355 | 60,776 | 22,826 | 112,377 |
| PROVISION FOR INCOME TAXES | 562 | 4,952 | 1,158 | 10,305 |
| NET INCOME | $ 14,793 | $ 55,824 | $ 21,668 | $ 102,072 |
| EARNINGS PER SHARE: | ||||
| Basic (in dollars per share) | $ 0.26 | $ 0.97 | $ 0.38 | $ 1.75 |
| Diluted (in dollars per share) | $ 0.26 | $ 0.96 | $ 0.38 | $ 1.72 |
| SHARES USED IN PER SHARE CALCULATION: | ||||
| Basic (in shares) | 57,355 | 57,731 | 57,231 | 58,480 |
| Diluted (in shares) | 57,669 | 58,305 | 57,654 | 59,192 |
POWI Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 84,096 | $ 105,372 |
| Short-term marketable securities | 262,219 | 248,441 |
| Accounts receivable, net | 32,077 | 20,836 |
| Inventories | 149,741 | 135,420 |
| Prepaid expenses and other current assets | 22,854 | 15,004 |
| Total current assets | 550,987 | 525,073 |
| PROPERTY AND EQUIPMENT, net | 168,066 | 176,681 |
| INTANGIBLE ASSETS, net | 5,511 | 6,597 |
| GOODWILL | 91,849 | 91,849 |
| DEFERRED TAX ASSETS | 21,771 | 19,034 |
| OTHER ASSETS | 21,273 | 20,862 |
| Total assets | 859,457 | 840,096 |
| CURRENT LIABILITIES: | ||
| Accounts payable | 40,531 | 30,088 |
| Accrued payroll and related expenses | 14,041 | 14,778 |
| Taxes payable | 704 | 938 |
| Other accrued liabilities | 9,543 | 12,572 |
| Total current liabilities | 64,819 | 58,376 |
| LONG-TERM INCOME TAXES PAYABLE | 16,009 | 15,757 |
| OTHER LIABILITIES | 10,700 | 10,747 |
| Total liabilities | 91,528 | 84,880 |
| COMMITMENTS AND CONTINGENCIES (Notes 11, 12 and 13) | ||
| STOCKHOLDERS' EQUITY: | ||
| Common stock | 23 | 24 |
| Additional paid-in capital | 11,220 | 0 |
| Accumulated other comprehensive loss | (5,757) | (7,344) |
| Retained earnings | 762,443 | 762,536 |
| Total stockholders' equity | 767,929 | 755,216 |
| Total liabilities and stockholders' equity | $ 859,457 | $ 840,096 |
Power Integrations, Inc. designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems. It also offers high-voltage diodes; high-voltage gate-driver products used to operate high-voltage switches, such as insulated-gate bipolar transistors and silicon-carbide MOSFETs under the SCALE and SCALE-2 product-family names; and SCALE-iDriver for use in powertrain and charging applications for electric vehicles. In addition, the company provides motor-driver ICs for use in refrigerator compressors, ceiling fans, and air purifiers, as well as pumps, fans, and blowers used in consumer appliances, such as dishwashers and laundry machines. It serves communications, computer, consumer, and industrial markets. The company sells its products to original equipment manufacturers and merchant power supply manufacturers through direct sales force, as well as a network of independent sales representatives and distributors. Power Integrations, Inc. was incorporated in 1988 and is headquartered in San Jose, California.