Power Integrations (NASDAQ:POWI) Shares Gap Down – What’s Next?

Power Integrations, Inc. (NASDAQ:POWI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $63.19, but opened at $61.44. Power Integrations shares last traded at $61.02, with a volume of 5,709 shares.

Wall Street Analysts Forecast Growth

POWI has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Wednesday, September 11th. StockNews.com downgraded Power Integrations from a “hold” rating to a “sell” rating in a research report on Wednesday. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price objective (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Finally, Susquehanna reduced their target price on Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

Power Integrations Stock Up 2.2 %

The firm’s 50-day simple moving average is $62.40 and its 200-day simple moving average is $68.66. The firm has a market capitalization of $3.62 billion, a PE ratio of 85.04, a price-to-earnings-growth ratio of 5.08 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $106.20 million for the quarter, compared to analysts’ expectations of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.59 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations’s dividend payout ratio (DPR) is presently 106.67%.

Insider Buying and Selling at Power Integrations

In other news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the sale, the vice president now directly owns 51,899 shares in the company, valued at approximately $3,420,144.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

A number of hedge funds and other institutional investors have recently made changes to their positions in POWI. GAMMA Investing LLC increased its position in Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 150 shares during the period. Mather Group LLC. bought a new stake in shares of Power Integrations during the 1st quarter valued at about $51,000. Fidelis Capital Partners LLC purchased a new position in shares of Power Integrations during the first quarter valued at about $55,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Power Integrations in the second quarter worth about $63,000. Finally, Quest Partners LLC lifted its holdings in Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after buying an additional 240 shares during the period.

Power Integrations Company Profile

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.