Power Integrations Inc. (NASDAQ:POWI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.84 and last traded at $55.06, with a volume of 28,298 shares trading hands. The stock had previously closed at $54.69.

Several research firms have issued reports on POWI. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Wednesday, July 20th. Sidoti lowered Power Integrations from a “buy” rating to a “neutral” rating in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Power Integrations has an average rating of “Buy” and a consensus target price of $56.60.

The company’s 50 day moving average price is $52.07 and its 200 day moving average price is $48.04. The stock has a market cap of $1.61 billion and a PE ratio of 39.50.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The business earned $85.33 million during the quarter, compared to the consensus estimate of $84.43 million. During the same period last year, the company earned $0.43 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts expect that Power Integrations Inc. will post $2.20 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, May 31st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, May 26th.

In related news, CEO Balu Balakrishnan sold 1,830 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $47.65, for a total value of $87,199.50. Following the completion of the transaction, the chief executive officer now directly owns 208,083 shares of the company’s stock, valued at approximately $9,915,154.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Doug Bailey sold 500 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $51.25, for a total value of $25,625.00. Following the completion of the transaction, the vice president now directly owns 27,719 shares of the company’s stock, valued at $1,420,598.75. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its position in shares of Power Integrations by 5.4% in the fourth quarter. Rhumbline Advisers now owns 40,661 shares of the company’s stock worth $1,977,000 after buying an additional 2,085 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Power Integrations by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 54,548 shares of the company’s stock worth $2,653,000 after buying an additional 900 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Power Integrations by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 87,000 shares of the company’s stock worth $4,231,000 after buying an additional 900 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Power Integrations by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 102,115 shares of the company’s stock worth $4,966,000 after buying an additional 1,800 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Power Integrations by 43.3% in the fourth quarter. Wells Fargo & Company MN now owns 149,628 shares of the company’s stock worth $7,276,000 after buying an additional 45,208 shares during the last quarter.

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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