Power Integrations (NASDAQ:POWI) Trading Up 7.7% – Here’s What Happened

Power Integrations, Inc. (NASDAQ:POWI) shares shot up 7.7% during trading on Tuesday . The company traded as high as $66.08 and last traded at $66.60. 651,384 shares were traded during trading, a decline of 27% from the average session volume of 895,851 shares. The stock had previously closed at $61.83.

Analyst Ratings Changes

A number of brokerages recently commented on POWI. Stifel Nicolaus increased their price target on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Benchmark increased their price target on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Susquehanna increased their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Finally, Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Power Integrations currently has a consensus rating of “Hold” and a consensus target price of $56.50.

Power Integrations Price Performance

The stock has a fifty day moving average price of $49.44 and a 200 day moving average price of $43.00. The stock has a market capitalization of $3.71 billion, a P/E ratio of 171.09, a price-to-earnings-growth ratio of 4.45 and a beta of 1.30.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $103.20 million during the quarter, compared to analyst estimates 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 period last year, the company earned $0.30 earnings per share. Research analysts anticipate that Power Integrations, Inc. will post 0.64 earnings per share for the current year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were given 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 was Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.3%. Power Integrations’s dividend payout ratio (DPR) is presently 220.51%.

Insider Activity

In other news, VP Sunil Gupta sold 2,168 shares of the business’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 directly owned 95,766 shares in the company, valued at $4,365,014.28. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer A. Lloyd sold 3,322 shares of Power Integrations stock in a transaction on Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $154,705.54. Following the sale, the chief executive officer directly owned 76,307 shares of the company’s stock, valued at $3,553,616.99. This represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,831 shares of company stock valued at $1,936,896 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake in Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares during the period. Hantz Financial Services Inc. boosted its stake in Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 371 shares during the period. Kestra Advisory Services LLC bought a new stake in Power Integrations during the fourth quarter valued at $36,000. UMB Bank n.a. boosted its stake in Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 410 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Power Integrations during the fourth quarter valued at $48,000.

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.