Doug Bailey Sells 6,798 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

On August 10, 2021, Doug Bailey, a director and executive officer of Power Integrations, Inc., sold 6,798 shares of the company's common stock for $3,548,000. The sale was made in accordance with the company's insider trading policies and applicable securities laws.

Power Integrations, Inc. is a semiconductor company that designs and manufactures high-performance integrated circuits for power management applications. The company operates in two segments: Power Management and Analog Devices. Its products are used in various end markets, including consumer electronics, automotive, industrial, medical, and renewable energy.

As of June 30, 2021, Power Integrations, Inc. had approximately $4.9 billion in cash and cash equivalents and $1.5 billion in current assets. The company's revenue for the fiscal year ended December 31, 2020 was $1.7 billion, representing a 16% increase from the previous year.

It is important to note that insider trading can have an impact on a company's stock price, and investors should carefully consider any potential conflicts of interest or disclosures made by insiders before making investment decisions.