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

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $54.04 and last traded at $54.53, with a volume of 138261 shares traded. The stock had previously closed at $55.59.

Wall Street Analyst Weigh In

A number of research firms have recently commented on POWI. Benchmark reiterated a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Power Integrations presently has an average rating of "Moderate Buy" and an average target price of $78.00.

Power Integrations Price Performance

The firm has a 50 day moving average of $60.20 and a 200-day moving average of $61.88. The stock has a market capitalization of $3.17 billion, a P/E ratio of 97.79, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11.

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 return on equity of 4.48% and a net margin of 7.69%. As a group, equities analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

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Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, February 28th. Power Integrations's dividend payout ratio (DPR) is presently 147.37%.

Insider Activity

In other Power Integrations news, CFO Sandeep Nayyar sold 5,152 shares of the company'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 $312,984.00. Following the sale, the chief financial officer now directly owns 110,394 shares in the company, valued at $6,706,435.50. This represents 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, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the transaction, the chief executive officer now owns 600,002 shares of the company's stock, valued at $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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 Investors Weigh In On Power Integrations

Several large investors have recently made changes to their positions in POWI. Wellington Management Group LLP boosted its position in Power Integrations by 25.6% in the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company's stock valued at $150,062,000 after buying an additional 476,986 shares in the last quarter. Norges Bank acquired a new position in shares of Power Integrations in the 4th quarter worth approximately $19,663,000. Federated Hermes Inc. grew 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 worth $43,870,000 after acquiring an additional 203,309 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 in the last quarter. Finally, Snyder Capital Management L P raised its position 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 valued at $54,451,000 after purchasing an additional 160,784 shares during 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.