Power Integrations (NASDAQ:POWI) Reaches New 52-Week Low – Here’s Why

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on POWI shares. StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Two equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Price Performance

The company has a market cap of $3.14 billion, a PE ratio of 96.95, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The business has a 50 day moving average of $60.05 and a 200 day moving average of $61.83.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data 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%. Sell-side analysts forecast that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

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

Insider Transactions at Power Integrations

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in POWI. Smartleaf Asset Management LLC increased its holdings in shares of Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc increased its holdings in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. raised its position in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 385 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Power Integrations during the 4th quarter valued at about $51,000.

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.