Power Integrations (NASDAQ:POWI) Sets New 12-Month Low – Time to Sell?

Power Integrations, Inc. (NASDAQ:POWI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $41.11 and last traded at $43.28, with a volume of 1535149 shares traded. The stock had previously closed at $43.68.

Wall Street Analyst Weigh In

Several brokerages have weighed in on POWI. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Benchmark reissued a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Performance

The company has a market capitalization of $2.52 billion, a PE ratio of 77.29, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. The company has a 50 day simple moving average of $57.91 and a 200 day simple moving average of $61.28.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations’s dividend payout ratio is presently 147.37%.

Insider Buying and Selling at Power Integrations

In related news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the transaction, the vice president now directly owns 45,295 shares in the company, valued at approximately $2,993,093.60. This trade represents a 18.66 % 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, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total value of $488,557.36. Following the completion of the sale, the chief executive officer now directly owns 590,580 shares in the company, valued at $30,231,790.20. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,105 shares of company stock worth $3,075,198 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Power Integrations

Several hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Power Integrations in the 4th quarter valued at $288,000. UMB Bank n.a. lifted its holdings in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Power Integrations by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company’s stock valued at $40,412,000 after acquiring an additional 33,741 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Power Integrations during the 4th quarter worth about $227,000. Finally, Barclays PLC boosted its holdings in Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock valued at $11,591,000 after purchasing an additional 114,644 shares in the last quarter.

About Power Integrations

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.