Power Integrations (NASDAQ:POWI) Sets New 52-Week High – What’s Next?

Power Integrations, Inc. (NASDAQ:POWI) hit a new 52-week high on Tuesday . The stock traded as high as $84.90 and last traded at $83.29, with a volume of 466870 shares traded. The stock had previously closed at $70.85.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Stifel Nicolaus upped their target price on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Benchmark upped their target price on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Power Integrations has a consensus rating of “Hold” and an average price target of $64.50.

Power Integrations Price Performance

The stock has a market cap of $4.84 billion, a PE ratio of 289.68, a price-to-earnings-growth ratio of 3.66 and a beta of 1.54. The business has a fifty day moving average of $62.24 and a 200-day moving average of $48.44.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.Power Integrations’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, equities research analysts predict that Power Integrations, Inc. will post 0.89 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $0.215 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. Power Integrations’s payout ratio is presently 286.67%.

Insider Buying and Selling

In related news, Director Nicholas Brathwaite sold 6,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director owned 30,609 shares in the company, valued at approximately $2,216,397.69. The trade was a 18.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Balu Balakrishnan sold 53,880 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $70.71, for a total value of $3,809,854.80. Following the sale, the director owned 522,376 shares of the company’s stock, valued at approximately $36,937,206.96. This represents a 9.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 61,088 shares of company stock valued at $4,325,376 in the last quarter. 1.40% of the stock is owned by company insiders.

Institutional Trading of Power Integrations

Hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its holdings in Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after buying an additional 536 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Power Integrations by 77.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 371 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Power Integrations during the 4th quarter valued at $36,000. UMB Bank n.a. lifted its holdings in shares of Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 410 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Power Integrations by 125.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 453 shares during the last quarter.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.