Power Integrations (NASDAQ:POWI) Sets New 52-Week High - What's Next?

Key Points

• Power Integrations hit a new 52-week high of $76.33 (last $76.11) while its 50-day and 200-day moving averages sit at $53.28 and $44.75, respectively.
• Analysts are mixed with a consensus rating of Hold — three Buys, two Holds and one Sell — and a consensus target of $56.50, well below the current share price.
• The company slightly beat quarterly EPS expectations ($0.23 vs. $0.19) as revenue fell 1.9% YoY; it raised the quarterly dividend to $0.215 (annualized $0.86) but carries a payout ratio of 220.51%, and insiders have recently sold shares.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $76.33 and last traded at $76.1050, with a volume of 365111 shares traded. The stock had previously closed at $72.85.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Power Integrations from $56.00 to $62.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. Northland Securities cut Power Integrations from an "outperform" rating to a "market perform" rating and set a $46.00 price objective on the stock. in a research note on Monday, April 6th. Benchmark increased their price target on Power Integrations from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, April 6th. Zacks Research upgraded Power Integrations from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. Finally, Susquehanna increased their price target on Power Integrations from $50.00 to $53.00 and gave the stock a "positive" rating in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Power Integrations presently has a consensus rating of "Hold" and a consensus target price of $56.50.

Power Integrations Price Performance

The firm has a fifty day moving average price of $53.28 and a two-hundred day moving average price of $44.75. The stock has a market capitalization of $4.29 billion, a PE ratio of 197.65, a P/E/G ratio of 5.57 and a beta of 1.54.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The firm had revenue of $103.20 million for the quarter, compared to the consensus estimate of $103.02 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company's revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts expect that Power Integrations, Inc. will post 0.64 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.1%. This is an increase from Power Integrations's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, February 27th. Power Integrations's payout ratio is currently 220.51%.

Insider Transactions at Power Integrations

In related news, Director Balu Balakrishnan sold 6,368 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $46.53, for a total value of $296,303.04. Following the transaction, the director owned 581,251 shares of the company's stock, valued at $27,045,609.03. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sunil Gupta sold 1,401 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $46.57, for a total value of $65,244.57. Following the completion of the transaction, the vice president directly owned 98,205 shares in the company, valued at approximately $4,573,406.85. This trade represents a 1.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,152 shares of company stock worth $994,599 in the last ninety days. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd grew its stake in Power Integrations by 13.8% in the fourth quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 251 shares in the last quarter. Baird Financial Group Inc. grew its stake in Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company's stock worth $255,000 after purchasing an additional 261 shares in the last quarter. Cetera Investment Advisers grew its stake in Power Integrations by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company's stock worth $461,000 after purchasing an additional 340 shares in the last quarter. First National Bank of Omaha grew its stake in Power Integrations by 0.8% in the fourth quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company's stock worth $1,637,000 after purchasing an additional 366 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Power Integrations by 77.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 371 shares in the last quarter.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company's products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm's product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

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