Power Integrations (NASDAQ:POWI) Sets New 52-Week Low – Time to Sell?

Power Integrations, Inc. (NASDAQ:POWI)’s stock price hit a new 52-week low on Friday . The stock traded as low as $54.04 and last traded at $54.53, with a volume of 138261 shares traded. The stock had previously closed at $55.59.

Analyst Upgrades and Downgrades

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

Power Integrations Stock Performance

The company has a 50-day simple moving average of $60.49 and a 200-day simple moving average of $62.00. The stock has a market cap of $3.11 billion, a P/E ratio of 95.65, a P/E/G ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.54%. Power Integrations’s payout ratio is 147.37%.

Insider Transactions at Power Integrations

In other news, VP Radu Barsan sold 10,393 shares of the business’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 completion of the sale, the vice president now owns 45,295 shares in the company, valued at $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock worth $2,433,105 over the last 90 days. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently made changes to their positions in POWI. Atria Investments Inc grew its stake in shares of Power Integrations by 10.6% during the third quarter. Atria Investments Inc now owns 7,483 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 717 shares during the period. Victory Capital Management Inc. grew its stake in shares of Power Integrations by 6.3% during the third quarter. Victory Capital Management Inc. now owns 12,589 shares of the semiconductor company’s stock worth $807,000 after purchasing an additional 744 shares during the period. KBC Group NV grew its stake in shares of Power Integrations by 32.0% during the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 432 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Power Integrations during the third quarter worth $2,754,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Power Integrations by 214.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock worth $2,684,000 after purchasing an additional 28,548 shares during the period.

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.