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.

Sandeep Nayyar Departs Power Integrations to Become CFO of Altera Corporation

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than POWI and that has 100x upside potential, check out our report about this cheapest AI stock.

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