Sandeep Nayyar Departs Power Integrations to Become CFO of Altera Corporation

Power Integrations Inc. (NASDAQ:POWI) is one of the oversold tech stocks to invest in. On September 22, Power Integrations announced the departure of Sandeep Nayyar from the company, where he served as CFO since 2010. Altera Corporation, the world’s largest independent provider of pure-play Field-Programmable Gate Array/FPGA solutions, announced the appointment of Nayyar as its new Chief Financial Officer/CFO.

Nayyar is expected to use his 3 decades of financial leadership experience in the semiconductor, storage, and life sciences industries. Nayyar brings a proven track record of operational excellence and strategic financial oversight. During his 15-year tenure at Power Integrations, he led finance, human resources, and corporate development, overseeing a period of sustained growth for the company.

Previously, he held senior finance positions at Quantum Corporation and Applied Biosystems. In these earlier roles, he was instrumental in expanding the addressable market for both companies and successfully navigating significant sale transactions. Nayyar holds a Bachelor of Commerce from the University of Delhi. He is a Certified Public Accountant/CPA in the State of California and a Chartered Accountant from India.

Power Integrations Inc. (NASDAQ:POWI) designs, develops, manufactures, and markets analog and mixed-signal integrated circuits/ICs, and other electronic components and circuitry used in high-voltage power conversion.

While we acknowledge the potential of POWI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.