Power Integrations (NASDAQ:POWI) Hits New 52-Week Low – Here’s What Happened

Power Integrations, Inc. (NASDAQ:POWI)’s share price reached a new 52-week low on Thursday . The company traded as low as $53.83 and last traded at $54.71, with a volume of 23507 shares changing hands. The stock had previously closed at $55.35.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. StockNews.com upgraded Power Integrations from a “hold” rating to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Stock Performance

The stock has a market capitalization of $2.90 billion, a PE ratio of 89.44, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The business’s 50-day moving average price is $59.70 and its 200 day moving average price is $61.73.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate 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, equities research analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 2,472 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the sale, the vice president now owns 142,145 shares in the company, valued at $8,635,308.75. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sandeep Nayyar sold 5,152 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the transaction, the chief financial officer now owns 110,394 shares of the company’s stock, valued at $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock worth $2,433,105 over the last three months. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Power Integrations

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Power Integrations by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock worth $444,909,000 after purchasing an additional 114,047 shares during the period. State Street Corp increased its holdings in shares of Power Integrations by 1.1% in the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after buying an additional 27,488 shares during the period. Wellington Management Group LLP lifted its stake in shares of Power Integrations by 4.5% in the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock valued at $150,879,000 after acquiring an additional 105,034 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Power Integrations by 4.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after acquiring an additional 80,761 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after acquiring an additional 178,896 shares during the last quarter.

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.