Power Integrations (NASDAQ:POWI) Shares Gap Up – What’s Next?

Shares of Power Integrations, Inc. (NASDAQ:POWI) gapped up before the market opened on Wednesday . The stock had previously closed at $84.09, but opened at $88.17. Power Integrations shares last traded at $83.2090, with a volume of 754,741 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Benchmark raised their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a research report on Monday, April 6th. Finally, Susquehanna raised their target price on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Power Integrations currently has an average rating of “Hold” and a consensus price target of $64.50.

Power Integrations Trading Up 1.6%

The stock has a market capitalization of $4.76 billion, a P/E ratio of 284.03, a P/E/G ratio of 4.31 and a beta of 1.54. The firm’s fifty day moving average is $61.44 and its 200-day moving average is $48.08.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $108.31 million during the quarter, compared to analysts’ expectations of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. Power Integrations’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. Equities research analysts expect that Power Integrations, Inc. will post 0.64 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is presently 286.67%.

Insiders Place Their Bets

In other Power Integrations news, Director Nicholas Brathwaite sold 6,895 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95. Following the sale, the director owned 30,609 shares of the company’s stock, valued at $2,216,397.69. This represents a 18.38% 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, Director Balu Balakrishnan sold 53,880 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $70.71, for a total transaction of $3,809,854.80. Following the completion of the sale, the director directly owned 522,376 shares of the company’s stock, valued at approximately $36,937,206.96. This represents a 9.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 61,088 shares of company stock valued at $4,325,376. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Power Integrations

Several hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Power Integrations by 125.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 453 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Power Integrations by 77.6% in the 3rd 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. Kestra Advisory Services LLC acquired a new stake in shares of Power Integrations during the 4th quarter worth approximately $36,000. Finally, UMB Bank n.a. raised its stake in shares of Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after buying an additional 410 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.