Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $66.68 and last traded at $67.25, with a volume of 267346 shares trading hands. The stock had previously closed at $68.04.
Wall Street Analyst Weigh In
POWI has been the subject of a number of research reports. Benchmark upped their target price on shares of Power Integrations from $80.00 to $90.00 and gave the company a "buy" rating in a report on Friday, February 9th. TD Cowen upped their target price on shares of Power Integrations from $65.00 to $80.00 and gave the company a "market perform" rating in a report on Friday, February 9th. Susquehanna upped their target price on shares of Power Integrations from $80.00 to $100.00 and gave the company a "positive" rating in a report on Monday, December 18th. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Finally, Northland Securities raised shares of Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 target price for the company in a report on Monday, February 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Power Integrations currently has an average rating of "Moderate Buy" and an average target price of $86.17.
Read Our Latest Analysis on POWI
Power Integrations Price Performance
The firm's 50-day moving average price is $71.92 and its 200 day moving average price is $75.26. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 69.26 and a beta of 1.21.
Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. The firm had revenue of $89.51 million for the quarter, compared to analyst estimates of $90.21 million. On average, analysts predict that Power Integrations, Inc. will post 0.65 earnings per share for the current fiscal year.
Power Integrations Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.20 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. Power Integrations's dividend payout ratio (DPR) is presently 82.47%.
Insider Buying and Selling at Power Integrations
In other Power Integrations news, VP Doug Bailey sold 822 shares of Power Integrations stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $60,795.12. Following the transaction, the vice president now owns 99,106 shares in the company, valued at approximately $7,329,879.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total value of $672,309.39. Following the completion of the transaction, the chief executive officer now directly owns 552,161 shares of the company's stock, valued at approximately $37,883,766.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Doug Bailey sold 822 shares of Power Integrations stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total transaction of $60,795.12. Following the completion of the transaction, the vice president now directly owns 99,106 shares of the company's stock, valued at $7,329,879.76. The disclosure for this sale can be found here. Insiders have sold a total of 57,411 shares of company stock worth $4,203,262 in the last quarter. 1.70% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC boosted its stake in Power Integrations by 59.8% during the 1st quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 128 shares during the period. GAMMA Investing LLC acquired a new position in Power Integrations during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. boosted its stake in Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 321 shares during the period. Mather Group LLC. acquired a new position in Power Integrations during the 1st quarter valued at about $51,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Power Integrations during the 3rd quarter valued at about $65,000.
About Power Integrations
(
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Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.
Further Reading
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