POWER INTEGRATIONS INC
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
As of December 31, 2024, we had $48.1 million available under a stock-repurchase program announced in November 2024. After this authorization was exhausted in April 2025, our board of directors authorized the use of an additional $50.0 million for the repurchase of our common stock, with repurchases to be executed according to pre-defined price/volume guidelines. The program has no expiration date. In the three months ended June 30, 2025, we repurchased approximately 0.7 million of our shares for $32.6 million. As of June 30, 2025, $42.4 million remained on our repurchase authorization. Future repurchase programs would be authorized at the discretion of our board of directors and will depend on our financial condition, results of operations, capital requirements, business conditions and other factors.
The following table summarizes repurchases of our common stock made under our publicly announced repurchase program during the second quarter of fiscal 2025:
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|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · Approximate | ||||||||||
| · · · · · · · · · Dollar Value that | ||||||||||
| · · · · · · · Total Number of · · May Yet be | ||||||||||
| · · · · · · Shares Purchased · · Repurchased | ||||||||||
| · · Total · · Average · · as Part of · · Under the | ||||||||||
| · · Number of · · Price Paid · · Publicly Announced · · Plans or Program | ||||||||||
| Period · Shares Purchased · Per Share · Plans or Programs · (In millions) | ||||||||||
| April 1, 2025 to April 30, 2025 | | 560,409 | | $44.61 | | 560,409 | | $50.0 | ||
| May 1, 2025 to May 31, 2025 | | 77,268 | | $51.13 | | 77,268 | | $46.0 | ||
| June 1, 2025 to June 30, 2025 | | 68,100 | | $53.00 | | 68,100 | | $42.4 | ||
| Total | | 705,777 | | | | | 705,777 | | | |
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