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Power Integrations (NASDAQ:POWI) Sets New 12-Month Low at $63.99

Defense World ·  09/25 13:51

Power Integrations, Inc. (NASDAQ:POWI – Get Rating)'s stock price reached a new 52-week low on Friday . The stock traded as low as $63.99 and last traded at $63.99, with a volume of 169 shares traded. The stock had previously closed at $65.75.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Susquehanna Bancshares cut their price target on shares of Power Integrations from $105.00 to $98.00 and set a "positive" rating on the stock in a report on Friday, August 5th. Susquehanna lowered their price target on Power Integrations from $105.00 to $98.00 and set a "positive" rating for the company in a report on Friday, August 5th. Benchmark decreased their target price on Power Integrations from $95.00 to $90.00 in a research report on Monday, September 12th. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Tuesday, September 13th. Finally, Cowen decreased their price objective on Power Integrations to $90.00 in a report on Tuesday, August 9th.

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Power Integrations Price Performance

The company has a market cap of $3.82 billion, a PE ratio of 21.25 and a beta of 1.10. The business has a fifty day simple moving average of $76.04 and a two-hundred day simple moving average of $80.13.

Power Integrations (NASDAQ:POWI – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The semiconductor company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.16. The firm had revenue of $183.99 million during the quarter, compared to analysts' expectations of $190.15 million. Power Integrations had a return on equity of 22.44% and a net margin of 25.83%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. On average, equities research analysts predict that Power Integrations, Inc. will post 3.09 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. Power Integrations's dividend payout ratio (DPR) is presently 23.38%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Radu Barsan sold 21,223 shares of Power Integrations stock in a transaction on Friday, July 29th. The shares were sold at an average price of $85.00, for a total value of $1,803,955.00. Following the transaction, the vice president now directly owns 40,881 shares of the company's stock, valued at $3,474,885. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Nicholas Brathwaite sold 9,845 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $80.55, for a total value of $793,014.75. Following the completion of the transaction, the director now directly owns 45,045 shares of the company's stock, valued at approximately $3,628,374.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Radu Barsan sold 21,223 shares of Power Integrations stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $85.00, for a total transaction of $1,803,955.00. Following the completion of the sale, the vice president now owns 40,881 shares of the company's stock, valued at $3,474,885. The disclosure for this sale can be found here. Insiders sold a total of 33,185 shares of company stock worth $2,761,905 over the last three months. Corporate insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its position in shares of Power Integrations by 108.2% in the 2nd quarter. Macquarie Group Ltd. now owns 1,122,553 shares of the semiconductor company's stock valued at $84,202,000 after acquiring an additional 583,352 shares during the period. Brown Advisory Inc. purchased a new position in shares of Power Integrations in the first quarter worth about $45,206,000. Robeco Schweiz AG lifted its holdings in shares of Power Integrations by 49.3% during the first quarter. Robeco Schweiz AG now owns 1,176,650 shares of the semiconductor company's stock worth $109,052,000 after purchasing an additional 388,650 shares during the period. Millennium Management LLC boosted its position in Power Integrations by 96.1% in the fourth quarter. Millennium Management LLC now owns 651,161 shares of the semiconductor company's stock valued at $60,486,000 after buying an additional 319,143 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in Power Integrations in the 4th quarter worth approximately $29,382,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

About Power Integrations

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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.

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