Power Integrations (NASDAQ:POWI) Sets New 1-Year Low – What’s Next?

Shares of Power Integrations, Inc. (NASDAQ:POWI) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $53.83 and last traded at $54.71, with a volume of 23507 shares. The stock had previously closed at $55.35.

Analyst Upgrades and Downgrades

A number of analysts recently commented on POWI shares. Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Price Performance

The firm has a market capitalization of $3.14 billion, a PE ratio of 96.95, a P/E/G ratio of 4.08 and a beta of 1.11. The company has a 50-day moving average price of $60.05 and a 200 day moving average price of $61.83.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.52%. Power Integrations’s payout ratio is 147.37%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the transaction, the vice president now directly owns 45,295 shares of the company’s stock, valued at $2,993,093.60. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Balu Balakrishnan sold 12,507 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,544 shares of company stock worth $2,433,105. Insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in Power Integrations by 16.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,057 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 840 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Power Integrations by 0.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,365 shares of the semiconductor company’s stock valued at $9,339,000 after buying an additional 1,371 shares during the period. Two Sigma Advisers LP lifted its stake in Power Integrations by 3.4% in the fourth quarter. Two Sigma Advisers LP now owns 12,200 shares of the semiconductor company’s stock worth $753,000 after acquiring an additional 400 shares during the period. Snowden Capital Advisors LLC grew its holdings in Power Integrations by 1.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock worth $748,000 after acquiring an additional 211 shares in the last quarter. Finally, Shell Asset Management Co. increased its position in Power Integrations by 12.4% during the 4th quarter. Shell Asset Management Co. now owns 61,964 shares of the semiconductor company’s stock valued at $3,823,000 after purchasing an additional 6,836 shares during the period.

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.