Power Integrations (NASDAQ:POWI) Sets New 12-Month Low – What’s Next?

Power Integrations, Inc. (NASDAQ:POWI) hit a new 52-week low on Friday . The company traded as low as $54.04 and last traded at $54.53, with a volume of 138261 shares. The stock had previously closed at $55.59.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on POWI shares. Benchmark reiterated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Power Integrations presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Price Performance

The firm has a market capitalization of $3.12 billion, a PE ratio of 96.28, a P/E/G ratio of 4.08 and a beta of 1.11. The company’s fifty day simple moving average is $60.39 and its 200 day simple moving average is $61.91.

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%. On average, analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed 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. This represents a $0.84 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, February 28th. Power Integrations’s dividend payout ratio is 147.37%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 1,131 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31. Following the completion of the sale, the vice president now directly owns 143,718 shares in the company, valued at $8,337,081.18. This represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Sandeep Nayyar sold 5,152 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the sale, the chief financial officer now owns 110,394 shares of the company’s stock, valued at $6,706,435.50. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,544 shares of company stock valued at $2,433,105 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

Several large investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in shares of Power Integrations by 6.3% during the third quarter. Victory Capital Management Inc. now owns 12,589 shares of the semiconductor company’s stock valued at $807,000 after acquiring an additional 744 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Power Integrations by 214.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock valued at $2,684,000 after acquiring an additional 28,548 shares in the last quarter. Advisors Asset Management Inc. increased its position in Power Integrations by 60.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,451 shares of the semiconductor company’s stock valued at $670,000 after purchasing an additional 3,926 shares during the period. First Horizon Advisors Inc. raised its holdings in Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Power Integrations by 10.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 257,823 shares of the semiconductor company’s stock worth $16,531,000 after purchasing an additional 23,405 shares during the period.

About Power Integrations

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.