Power Integrations (NASDAQ:POWI) Reaches New 12-Month Low - Here's What Happened

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $53.83 and last traded at $54.71, with a volume of 23507 shares trading hands. The stock had previously closed at $55.35.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Benchmark reaffirmed a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Power Integrations Price Performance

The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 87.74, a P/E/G ratio of 4.08 and a beta of 1.11. The business's 50-day moving average price is $59.70 and its two-hundred day moving average price is $61.78.

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 the consensus estimate 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, research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

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Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.67%. Power Integrations's payout ratio is 147.37%.

Insider Activity

In other Power Integrations news, VP Clifford Walker sold 2,472 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $150,174.00. Following the sale, the vice president now owns 142,145 shares of the company's stock, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sandeep Nayyar sold 1,877 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total value of $108,884.77. Following the transaction, the chief financial officer now directly owns 112,653 shares of the company's stock, valued at $6,535,000.53. This trade represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,544 shares of company stock worth $2,433,105. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Power Integrations

Large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in shares of Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc increased its holdings in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. increased its holdings in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 192 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Power Integrations during the fourth quarter valued at about $51,000.

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.