Power Integrations (NASDAQ:POWI) Sets New 1-Year Low - Here's Why

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $54.55 and last traded at $55.46, with a volume of 786363 shares trading hands. The stock had previously closed at $59.37.

Analysts Set New Price Targets

POWI has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Power Integrations Stock Down 6.6 %

The stock has a market cap of $3.16 billion, a P/E ratio of 97.30, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The firm has a 50 day simple moving average of $61.31 and a 200-day simple moving average of $62.47.

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Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results 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, equities analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, February 28th. Power Integrations's dividend payout ratio is presently 147.37%.

Insider Activity at Power Integrations

In other news, CFO Sandeep Nayyar sold 5,152 shares of the business's 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 $312,984.00. Following the completion of the sale, the chief financial officer now owns 110,394 shares in the company, valued at $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Radu Barsan sold 10,393 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were 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 $2,993,093.60. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,544 shares of company stock worth $2,433,105. Insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Power Integrations

Hedge funds and other institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. increased its position in Power Integrations by 9.5% during the third quarter. QRG Capital Management Inc. now owns 3,530 shares of the semiconductor company's stock worth $226,000 after acquiring an additional 305 shares during the period. Assetmark Inc. grew its position in shares of Power Integrations by 7.7% during the 3rd quarter. Assetmark Inc. now owns 16,904 shares of the semiconductor company's stock worth $1,084,000 after purchasing an additional 1,207 shares in the last quarter. Atria Investments Inc grew its position in shares of Power Integrations by 10.6% during the 3rd quarter. Atria Investments Inc now owns 7,483 shares of the semiconductor company's stock worth $480,000 after purchasing an additional 717 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Power Integrations by 20.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 29,869 shares of the semiconductor company's stock worth $1,915,000 after purchasing an additional 5,097 shares during the period. Finally, WCM Investment Management LLC raised its position in shares of Power Integrations by 37.3% in the third quarter. WCM Investment Management LLC now owns 252,184 shares of the semiconductor company's stock valued at $16,031,000 after buying an additional 68,502 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.

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