Power Integrations (NASDAQ:POWI) Shares Down 7.1% – Here’s What Happened

Power Integrations, Inc. (NASDAQ:POWI)’s stock price was down 7.1% on Tuesday . The stock traded as low as $55.36 and last traded at $55.14. Approximately 176,162 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 407,024 shares. The stock had previously closed at $59.37.

Wall Street Analyst Weigh In

Several analysts have commented on POWI shares. StockNews.com lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Benchmark reaffirmed a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Performance

The firm’s fifty day moving average is $61.09 and its two-hundred day moving average is $62.34. The company has a market cap of $3.19 billion, a P/E ratio of 98.41, a P/E/G ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, equities research analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Insider Buying and Selling at Power Integrations

In other news, VP Radu Barsan sold 10,393 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the transaction, the vice president now owns 45,295 shares in the company, valued at approximately $2,993,093.60. This trade represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Clifford Walker sold 2,472 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the transaction, the vice president now directly owns 142,145 shares of the company’s stock, valued at $8,635,308.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,544 shares of company stock worth $2,433,105 over the last quarter. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Power Integrations by 0.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,365 shares of the semiconductor company’s stock valued at $9,339,000 after purchasing an additional 1,371 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Power Integrations by 3.4% during the fourth quarter. Two Sigma Advisers LP now owns 12,200 shares of the semiconductor company’s stock worth $753,000 after buying an additional 400 shares in the last quarter. Snowden Capital Advisors LLC grew its position in shares of Power Integrations by 1.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock valued at $748,000 after acquiring an additional 211 shares during the period. Shell Asset Management Co. increased its position in shares of Power Integrations by 12.4% in the fourth quarter. Shell Asset Management Co. now owns 61,964 shares of the semiconductor company’s stock valued at $3,823,000 after buying an additional 6,836 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in Power Integrations by 10.1% in the 4th quarter. ProShare Advisors LLC now owns 266,756 shares of the semiconductor company’s stock worth $16,459,000 after acquiring an additional 24,439 shares in 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.