Power Integrations (NASDAQ:POWI) Shares Gap Down - What's Next?

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $63.19, but opened at $61.44. Power Integrations shares last traded at $61.02, with a volume of 5,709 shares traded.

Analyst Ratings Changes

POWI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Power Integrations from $73.00 to $68.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Northland Securities raised shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Monday, August 12th. StockNews.com downgraded shares of Power Integrations from a "hold" rating to a "sell" rating in a report on Wednesday. Stifel Nicolaus reissued a "buy" rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Finally, Susquehanna decreased their price target on shares of Power Integrations from $95.00 to $80.00 and set a "positive" rating on the stock in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Power Integrations currently has an average rating of "Moderate Buy" and an average target price of $78.50.

Power Integrations Price Performance

The stock has a market capitalization of $3.54 billion, a PE ratio of 68.68, a P/E/G ratio of 5.09 and a beta of 1.10. The company's 50 day moving average price is $62.57 and its two-hundred day moving average price is $68.74.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business had revenue of $106.20 million during the quarter, compared to analyst estimates of $105.02 million. During the same period in the prior year, the business earned $0.27 earnings per share. The business's revenue was down 13.8% compared to the same quarter last year. Analysts forecast that Power Integrations, Inc. will post 0.59 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations's payout ratio is 86.96%.

Insider Transactions at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the transaction, the vice president now owns 51,899 shares of the company's stock, valued at approximately $3,420,144.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Power Integrations

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Power Integrations by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company's stock worth $467,119,000 after purchasing an additional 105,034 shares during the period. Capital International Investors increased its position in Power Integrations by 6.5% during the 1st quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company's stock worth $94,227,000 after purchasing an additional 80,775 shares during the period. Ceredex Value Advisors LLC increased its position in Power Integrations by 4.8% during the 2nd quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company's stock worth $53,083,000 after purchasing an additional 34,400 shares during the period. Millennium Management LLC raised its stake in shares of Power Integrations by 23.4% during the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company's stock worth $41,634,000 after buying an additional 112,595 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Power Integrations by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 494,768 shares of the semiconductor company's stock valued at $34,728,000 after buying an additional 5,710 shares during the period.

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.