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

Power Integrations, Inc. (NASDAQ:POWI) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.33 and last traded at $76.1050, with a volume of 365111 shares changing hands. The stock had previously closed at $72.85.

Wall Street Analyst Weigh In

POWI has been the topic of several recent research reports. Susquehanna increased 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. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research report on Monday, April 6th. Benchmark increased their target price on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Stifel Nicolaus increased their target price on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.50.

Power Integrations Stock Performance

The firm has a fifty day moving average price of $53.28 and a 200 day moving average price of $44.75. The stock has a market cap of $4.29 billion, a PE ratio of 197.65, a price-to-earnings-growth ratio of 5.57 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The firm had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.64 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were issued a dividend of $0.215 per share. The ex-dividend date was Friday, February 27th. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio (DPR) is currently 220.51%.

Insiders Place Their Bets

In other news, VP Gagan Jain sold 3,481 shares of the stock in a transaction on Wednesday, February 25th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sunil Gupta sold 1,272 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $45.97, for a total value of $58,473.84. Following the sale, the vice president owned 96,933 shares of the company’s stock, valued at approximately $4,456,010.01. This represents a 1.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 21,152 shares of company stock worth $994,599. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Power Integrations

Several hedge funds and other institutional investors have recently made changes to their positions in POWI. Geneos Wealth Management Inc. raised its stake in Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 536 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Power Integrations by 77.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 371 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Power Integrations in the 4th quarter worth $36,000. UMB Bank n.a. raised its stake in Power Integrations by 61.7% in the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 410 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Power Integrations in the 4th quarter worth $48,000.

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.