You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. In the last year Power Integrations insiders didn't buy any company stock. This single sale was just 9.4% of Balu Balakrishnan's stake. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. That means that even when the share price was below the current price of US$105, an insider wanted to cash in some shares.
In the last twelve months, the biggest single sale by an insider was when the President, Balu Balakrishnan, sold US$2.2m worth of shares at a price of US$92.29 per share. Power Integrations Insider Transactions Over The Last Year The eyebrow raising move amounted to a reduction of 16% in their holding. (NASDAQ:POWI) shareholders haven't noticed that the Independent Director, Steven Sharp, recently sold US$500k worth of stock at US$106 per share.
We'd be surprised if Power Integrations, Inc.
“Our Group is rapidly growing all over India in the pharmaceutical, chemical, and agrochemical industries with a revenue of Rs 550 crore. Stanpumps is the Vacuum Division of S2 Engineering Industry Private Limited, a wholly-owned subsidiary of Hyderabad-based Standard Glass Lining Technology Private Limited. Sridhar Balakrishnan, Managing Director, HHV Pumps, commented: “With our combined experience and resources, HHV Pumps together with Stanpumps will be able to offer a wider range of products, services, and solutions strengthened by Atlas Copco’s vastly experienced global support".
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This includes Stanpumps, with whom the company has a very successful, close relationship and a long-term agreement and post take over as well Stanpumps will continue to be the main channel partner for India's leading vacuum pump maker, HHV Pumps said.Īlso Read: Simpl Announces 40M in Series B Funding HHV Pumps has used and will continue to use, specialized channel partners for some applications, especially in the pharmaceutical sector. This acquisition is expected to provide HHV Pumps access to know how from the largest vacuum pump company globally and bring in additional investments. Its products are used in a very wide range of applications including pharmaceutical, chemical, electrical and power equipment, refrigeration, air-conditioning manufacturing, and many other general industrial and R&D markets. Hyderabad: Swedish industrial major Atlas Copco AB acquired a 100 percent stake in HHV Pumps Private Limited, a leading vacuum pump manufacturing company in India, for an undisclosed sum.Īn agreement to this effect was signed recently.įounded in 2009 and based in Bengaluru, HHV Pumps has emerged as the largest manufacturer of vacuum pumps by volume in India.
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