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

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $48.93 and last traded at $51.24, with a volume of 753094 shares. The stock had previously closed at $50.50.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on POWI. StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday. Benchmark reiterated a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Power Integrations Trading Down 2.7 %

The firm has a 50-day moving average of $58.27 and a 200-day moving average of $61.40. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 76.63, a P/E/G 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 (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

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Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's payout ratio is 147.37%.

Insider Transactions at Power Integrations

In other news, CEO Balu Balakrishnan sold 12,507 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares of the company's stock, valued at $36,384,121.28. The trade was a 2.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Radu Barsan sold 10,393 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 52,105 shares of company stock worth $3,075,198 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Power Integrations

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

Power Integrations Company Profile

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.