Power Integrations (NASDAQ:POWI) Trading 7.3% Higher – Here’s What Happened

Shares of Power Integrations, Inc. (NASDAQ:POWI) were up 7.3% during mid-day trading on Tuesday . The stock traded as high as $50.37 and last traded at $51.0620. Approximately 114,618 shares were traded during trading, a decline of 88% from the average daily volume of 930,190 shares. The stock had previously closed at $47.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on POWI shares. Susquehanna upped their target price on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Power Integrations in a research note on Friday, February 6th. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Power Integrations has a consensus rating of “Hold” and an average price target of $61.00.

Power Integrations Trading Up 5.7%

The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 128.82, a PEG ratio of 3.53 and a beta of 1.34. The business has a 50-day moving average price of $46.19 and a two-hundred day moving average price of $41.53.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, equities research analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.7%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, February 27th. Power Integrations’s dividend payout ratio is presently 220.51%.

Insider Activity

In related news, CEO Jennifer A. Lloyd sold 3,322 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $154,705.54. Following the sale, the chief executive officer owned 76,307 shares of the company’s stock, valued at $3,553,616.99. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the sale, the vice president owned 30,769 shares in the company, valued at approximately $1,483,681.18. This represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,518 shares of company stock worth $1,920,642 over the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

A number of hedge funds have recently made changes to their positions in POWI. Y Intercept Hong Kong Ltd acquired a new position in shares of Power Integrations during the third quarter valued at approximately $3,997,000. Copeland Capital Management LLC lifted its position in Power Integrations by 7.2% in the third quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock worth $51,343,000 after purchasing an additional 86,123 shares during the period. Quantbot Technologies LP lifted its position in Power Integrations by 48,387.7% in the third quarter. Quantbot Technologies LP now owns 130,432 shares of the semiconductor company’s stock worth $5,245,000 after purchasing an additional 130,163 shares during the period. ASR Vermogensbeheer N.V. boosted its stake in Power Integrations by 8.2% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock valued at $12,366,000 after purchasing an additional 23,354 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Power Integrations by 173.6% during the 2nd quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock valued at $23,687,000 after purchasing an additional 268,875 shares during the period.

Power Integrations Company Profile

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.