A Fleeting Shadow Over Power Integrations

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A certain Balu Balakrishnan, a gentleman once entrusted with the stewardship of Power Integrations, has seen fit to relieve himself of a modest parcel – eleven thousand, three hundred and sixty-three shares, to be precise. The transaction, executed not with a flourish, but with the quiet precision of a clerk tallying debts, amounted to some five hundred and thirty-two thousand dollars. One imagines the coins, if physically counted, would form a small, shimmering hill, barely visible from the company’s offices. The official forms, of course, meticulously record this event, as if the movement of shares held some cosmic significance.

The table below, a monument to bureaucratic thoroughness, details the particulars of this shedding of stock:

Metric Value
Shares sold 11,363
Shares sold (indirect) 11,363
Transaction value $532,000
Post-transaction shares (indirect) 576,256

It is noted, with the dry precision of a coroner’s report, that the weighted average price of these relinquished shares was $46.82. A sum, one supposes, sufficient to purchase a rather unremarkable samovar, or perhaps a small plot of land in a perpetually overcast district.

The analysts, those diligent scribes of the market, pose questions. How does this sale compare to Mr. Balakrishnan’s prior dealings? Apparently, it aligns with his customary trade sizing. A man of habit, then, even in the disposal of his holdings. And what proportion of his total holdings did this represent? A mere 1.93%, a trifle, a rounding error in the grand accounting of wealth. The remaining 576,256 shares remain, a substantial hoard, held in trust, no doubt guarded by a particularly stern accountant.

The company itself, Power Integrations, is described as a manufacturer of…integrated circuits. A phrase as opaque and mysterious as the inner workings of a clock. They produce things that make other things work, a lineage stretching back to the very dawn of electrical contraptions. Their market capitalization stands at $2.62 billion – a sum that could, theoretically, purchase a small country, assuming the inhabitants were willing to accept integrated circuits as currency.

One is informed that the company’s revenue for the trailing twelve months amounted to $443.50 million. A respectable sum, though one suspects it is largely consumed by the relentless pursuit of…more integrated circuits. Net income, a paltry $22.09 million, suggests that the pursuit is not entirely profitable. And the one-year price change? A disheartening -19.60%. A decline, one might say, mirroring the general malaise of our times.

They speak of an “addressable market,” a phrase that evokes images of vast, uncharted territories ripe for exploitation. And of “AI data centers,” those humming fortresses of silicon and electricity. And of “electrification” and “grid modernization,” buzzwords that promise a brighter future, though one suspects that future will be powered by…more integrated circuits.

As for Mr. Balakrishnan’s sale, the analysts assure us it is nothing to worry about. He received the stock as a bonus, they say, and sold it to cover the taxes. A perfectly reasonable explanation, of course. Though one cannot help but wonder if there is a more…subtle motive at play. Perhaps a premonition of impending doom? A secret desire to invest in pigeon racing? The possibilities, like the number of integrated circuits in existence, are truly infinite.

So, should one buy Power Integrations stock? Perhaps. Or perhaps not. The market, after all, is a capricious mistress, prone to fits of irrationality. One might as well consult the entrails of a goose. The outcome, one suspects, would be equally reliable.

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2026-02-15 22:42