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

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

Analyst Ratings Changes

POWI has been the subject of several analyst reports. TD Cowen boosted their target price on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Benchmark boosted their target price on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 9th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Northland Securities raised shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target for the company in a report on Monday, February 26th. Finally, Stifel Nicolaus boosted their price target on shares of Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.17.

Power Integrations Trading Down 1.9 %

The company has a market cap of $3.73 billion, a PE ratio of 69.11 and a beta of 1.21. The firm’s fifty day moving average is $71.77 and its 200 day moving average is $75.20.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. The firm had revenue of $89.51 million for the quarter, compared to the consensus estimate of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. As a group, sell-side analysts anticipate that Power Integrations, Inc. will post 0.65 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.22%. Power Integrations’s payout ratio is presently 82.47%.

Insider Buying and Selling

In other Power Integrations news, VP Clifford Walker sold 1,096 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total value of $75,667.84. Following the transaction, the vice president now directly owns 140,834 shares in the company, valued at approximately $9,723,179.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Power Integrations news, VP Clifford Walker sold 1,096 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $69.04, for a total value of $75,667.84. Following the transaction, the vice president now directly owns 140,834 shares in the company, valued at approximately $9,723,179.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Doug Bailey sold 822 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total transaction of $60,795.12. Following the completion of the transaction, the vice president now owns 99,106 shares in the company, valued at $7,329,879.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,411 shares of company stock worth $4,203,262. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently made changes to their positions in POWI. Raymond James & Associates raised its stake in shares of Power Integrations by 27.0% in the 1st quarter. Raymond James & Associates now owns 41,765 shares of the semiconductor company’s stock valued at $3,871,000 after acquiring an additional 8,880 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Power Integrations by 15.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,746 shares of the semiconductor company’s stock valued at $348,000 after purchasing an additional 504 shares during the last quarter. Bank of Montreal Can increased its position in shares of Power Integrations by 10.5% in the 1st quarter. Bank of Montreal Can now owns 14,113 shares of the semiconductor company’s stock valued at $1,372,000 after purchasing an additional 1,339 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Power Integrations by 8.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,681 shares of the semiconductor company’s stock valued at $2,009,000 after purchasing an additional 1,678 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Power Integrations by 6.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 32,504 shares of the semiconductor company’s stock valued at $3,094,000 after purchasing an additional 1,927 shares during the last quarter.

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.