Power Integrations (NASDAQ:POWI) Sees Strong Trading Volume – Time to Buy?

Shares of Power Integrations, Inc. (NASDAQ:POWI) saw strong trading volume on Wednesday . 617,673 shares were traded during mid-day trading, a decline of 32% from the previous session’s volume of 906,218 shares.The stock last traded at $74.6960 and had previously closed at $67.37.

Analysts Set New Price Targets

A number of equities analysts have commented on POWI shares. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research note on Monday, April 6th. Stifel Nicolaus upped their target price 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. Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Finally, Susquehanna upped their target price 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. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Power Integrations has an average rating of “Hold” and a consensus target price of $56.50.

Power Integrations Trading Up 1.3%

The firm has a market cap of $4.05 billion, a P/E ratio of 186.24, a PEG ratio of 5.45 and a beta of 1.30. The firm has a 50-day simple moving average of $50.86 and a 200-day simple moving average of $43.61.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Research analysts predict that Power Integrations, Inc. will post 0.64 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were 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 was Friday, February 27th. This represents a $0.86 annualized dividend and a yield of 1.2%. Power Integrations’s payout ratio is 220.51%.

Insider Buying and Selling

In other Power Integrations news, Director Balu Balakrishnan sold 4,995 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total transaction of $235,764.00. Following the sale, the director owned 576,256 shares of the company’s stock, valued at approximately $27,199,283.20. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 directly owned 96,933 shares in the company, valued at $4,456,010.01. This trade represents a 1.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 41,831 shares of company stock worth $1,936,896 over the last quarter. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

A number of large investors have recently made changes to their positions in the business. Covestor Ltd increased its position in shares of Power Integrations by 13.8% during the fourth quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 251 shares in 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 purchasing an additional 261 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Power Integrations by 2.7% during the fourth quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 340 shares in the last quarter. First National Bank of Omaha increased its position in shares of Power Integrations by 0.8% during the fourth quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock worth $1,637,000 after purchasing an additional 366 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares in the last quarter.

About Power Integrations

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.