Power Integrations Announces New $50M Share Buyback Plan

Dow Jones

May 13, 2025

By Stephen Nakrosis

Power Integrations said its board has approved a new $50 million share-repurchase authorization, which follows the completion of its previous $50 million buyback plan.

Balu Balakrishnan, chairman and chief executive, said Power Integrations was using a strong balance sheet to buy back shares amid market volatility.

The semiconductor technologies company has a market cap of $3.08 billion, 56.85 million shares outstanding and a public float of 55.61 million shares.

The company's stock, which is down by some 4% year to date, closed Monday's regular session at $59.01, gaining 9%.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

May 12, 2025 18:25 ET (22:25 GMT)

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