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

Shares of Power Integrations, Inc. (NASDAQ:POWI) were up 7.3% on Tuesday . The stock traded as high as $50.37 and last traded at $51.0620. Approximately 114,618 shares changed hands 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

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

Power Integrations Stock Performance

The firm has a fifty day moving average of $46.19 and a 200-day moving average of $41.53. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 128.82, a P/E/G ratio of 3.53 and a beta of 1.34.

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

Power Integrations Increases Dividend

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

Insider Buying and Selling

In other news, Director Balu Balakrishnan sold 10,080 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $44.75, for a total transaction of $451,080.00. Following the transaction, the director directly owned 575,331 shares of the company’s stock, valued at approximately $25,746,062.25. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sunil Gupta sold 2,168 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $45.58, for a total transaction of $98,817.44. Following the completion of the transaction, the vice president owned 95,766 shares of the company’s stock, valued at $4,365,014.28. This trade represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,518 shares of company stock worth $1,920,642 in the last 90 days. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Power Integrations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in Power Integrations by 13.8% in the 4th quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 251 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Power Integrations by 5.4% during the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after acquiring an additional 261 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Power Integrations by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock worth $461,000 after acquiring an additional 340 shares in the last quarter. First National Bank of Omaha lifted its stake in shares of Power Integrations by 0.8% in the fourth quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock worth $1,637,000 after acquiring an additional 366 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Power Integrations by 77.6% in the third 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.

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.