Power Integrations (NASDAQ:POWI) Hits New 1-Year Low at $66.68

Power Integrations, Inc. (NASDAQ:POWI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $66.68 and last traded at $67.25, with a volume of 267346 shares traded. The stock had previously closed at $68.04.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on POWI. Benchmark lifted their target price on Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price for the company in a research report on Monday, February 26th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Stifel Nicolaus raised their target price on Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, TD Cowen raised their target price on Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Power Integrations currently has an average rating of “Moderate Buy” and a consensus target price of $86.17.

Power Integrations Stock Down 1.9 %

The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 69.11 and a beta of 1.21. The business has a 50-day moving average of $71.77 and a 200-day moving average of $75.20.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. The firm had revenue of $89.51 million during the quarter, compared to analysts’ expectations of $90.21 million. Equities analysts anticipate that Power Integrations, Inc. will post 0.65 earnings per share for the current 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 given 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 1.22%. Power Integrations’s dividend payout ratio is currently 82.47%.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 822 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total transaction of $60,795.12. Following the sale, the vice president now directly owns 99,106 shares of the company’s stock, valued at $7,329,879.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Power Integrations news, CEO Balu Balakrishnan sold 9,799 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the transaction, the chief executive officer now 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 SEC, which can be accessed through this link. Also, VP Doug Bailey sold 822 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total transaction of $60,795.12. Following the sale, the vice president now owns 99,106 shares of the company’s stock, valued at approximately $7,329,879.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,411 shares of company stock worth $4,203,262. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Power Integrations

Several institutional investors and hedge funds have recently made changes to their positions in POWI. GAMMA Investing LLC bought a new stake in shares of Power Integrations during the 4th quarter valued at $26,000. Belpointe Asset Management LLC increased its position in shares of Power Integrations by 59.8% in the 1st quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 128 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Power Integrations by 369.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Power Integrations in the 1st quarter valued at $51,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Power Integrations in the 3rd quarter valued at $65,000.

Power Integrations Company Profile

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.