Power Integrations (NASDAQ:POWI) Trading 7.7% Higher – Here’s Why

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research note on Monday, April 6th. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Stifel Nicolaus raised their price target on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Benchmark raised their price target on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Finally, Susquehanna raised their price target on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.50.

Power Integrations Trading Up 1.3%

The company has a market capitalization of $4.03 billion, a PE ratio of 186.24, a P/E/G ratio of 5.11 and a beta of 1.30. The firm has a 50 day simple moving average of $50.34 and a two-hundred day simple moving average of $43.41.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $103.20 million for 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 company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Research analysts expect 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. Stockholders of record on Friday, February 27th were issued a $0.215 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. Power Integrations’s dividend payout ratio is presently 220.51%.

Insider Buying and Selling

In other news, VP Gagan Jain sold 3,481 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total value of $167,853.82. Following the transaction, the vice president owned 30,769 shares of the company’s stock, valued at approximately $1,483,681.18. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sunil Gupta sold 2,168 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $45.58, for a total value of $98,817.44. Following the completion of the transaction, the vice president directly owned 95,766 shares in the company, valued at approximately $4,365,014.28. The trade was a 2.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 41,831 shares of company stock worth $1,936,896. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its stake in shares of Power Integrations by 576.3% in 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 in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Power Integrations by 77.6% in 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 in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Power Integrations in the fourth quarter valued at approximately $36,000. UMB Bank n.a. boosted its stake in shares of Power Integrations by 61.7% in 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 in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Power Integrations in the fourth quarter valued at approximately $48,000.

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.