Power Integrations (NASDAQ:POWI) Sets New 1-Year Low - Should You Sell?

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $41.11 and last traded at $43.28, with a volume of 1535149 shares changing hands. The stock had previously closed at $43.68.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Benchmark reaffirmed a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Three 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Power Integrations Price Performance

The stock has a 50 day moving average of $56.09 and a 200 day moving average of $60.62. The firm has a market cap of $2.56 billion, a P/E ratio of 79.11, a PEG ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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%. On average, research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

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Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.86%. Power Integrations's payout ratio is 147.37%.

Insider Activity at Power Integrations

In other news, VP Clifford Walker sold 2,472 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the sale, the vice president now owns 142,145 shares of the company's stock, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,105 shares of company stock valued at $3,075,198. Insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Power Integrations

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Power Integrations during the fourth quarter valued at about $19,663,000. Federated Hermes Inc. raised its position in Power Integrations by 40.0% during the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company's stock valued at $43,870,000 after purchasing an additional 203,309 shares during the last quarter. JPMorgan Chase & Co. raised its position in Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock valued at $118,492,000 after purchasing an additional 178,896 shares during the last quarter. Snyder Capital Management L P lifted its holdings in Power Integrations by 22.3% in the 4th quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock worth $54,451,000 after buying an additional 160,784 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Power Integrations in the 4th quarter worth approximately $7,470,000.

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.