Power Integrations (NASDAQ:POWI) Reaches New 1-Year High – Here’s Why

Power Integrations, Inc. (NASDAQ:POWI) hit a new 52-week high during trading on Monday . The company traded as high as $60.16 and last traded at $59.8210, with a volume of 72536 shares changing hands. The stock had previously closed at $58.65.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on POWI shares. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research report on Monday, April 6th. Stifel Nicolaus lifted their price objective on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Benchmark boosted their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 6th. Finally, Susquehanna increased their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.50.

Power Integrations Price Performance

The firm has a market cap of $3.74 billion, a P/E ratio of 172.75, a PEG ratio of 4.69 and a beta of 1.30. The company’s 50-day moving average is $49.87 and its two-hundred day moving average is $43.21.

Power Integrations (NASDAQ:POWI) last released its earnings results 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 net margin of 4.98% and a return on equity of 5.15%. The firm had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. During the same period last year, the firm earned $0.30 EPS. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts expect that Power Integrations, Inc. will post 0.64 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently declared 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. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.3%. Power Integrations’s payout ratio is presently 220.51%.

Insiders Place Their Bets

In related news, VP Gagan Jain sold 3,481 shares of the company’s 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 directly owned 30,769 shares in the company, valued at $1,483,681.18. This represents a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Balu Balakrishnan sold 10,080 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $44.75, for a total value of $451,080.00. Following the completion of the sale, the director directly owned 575,331 shares in the company, valued at $25,746,062.25. This trade represents a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,831 shares of company stock worth $1,936,896 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

A number of institutional investors have recently added to or reduced their stakes in POWI. Snyder Capital Management L P increased its holdings in Power Integrations by 148.8% in the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock worth $73,380,000 after purchasing an additional 1,234,981 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Power Integrations by 1,885.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after buying an additional 895,857 shares during the period. M&T Bank Corp increased its stake in shares of Power Integrations by 3,635.7% in the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock valued at $26,604,000 after acquiring an additional 728,517 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Power Integrations by 35.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after acquiring an additional 595,404 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Power Integrations by 18.0% during the 4th quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after acquiring an additional 518,284 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.