Power Integrations (NASDAQ:POWI) Sets New 1-Year High – Time to Buy?

Power Integrations, Inc. (NASDAQ:POWI)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $84.90 and last traded at $83.29, with a volume of 466870 shares traded. The stock had previously closed at $70.85.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Benchmark boosted their target price on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research note on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.50.

Power Integrations Trading Up 16.8%

The firm has a market capitalization of $4.61 billion, a P/E ratio of 275.88, a P/E/G ratio of 4.31 and a beta of 1.54. The company has a 50 day simple moving average of $60.70 and a two-hundred day simple moving average of $47.77.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The business had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Power Integrations, Inc. will post 0.64 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio is presently 286.67%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, Director Nicholas Brathwaite sold 6,895 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the transaction, the director owned 30,609 shares of the company’s stock, valued at $2,216,397.69. This represents a 18.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gagan Jain sold 3,481 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total value of $167,853.82. Following the completion of the transaction, the vice president directly owned 30,769 shares in the company, valued at $1,483,681.18. This trade represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,689 shares of company stock worth $683,375 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Power Integrations

A number of hedge funds and other institutional investors have recently made changes to their positions in POWI. Baird Financial Group Inc. grew its position in shares of Power Integrations by 5.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after buying an additional 261 shares in the last quarter. Royal Bank of Canada boosted its position in Power Integrations by 5.0% during the first quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock valued at $3,827,000 after purchasing an additional 3,622 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Power Integrations by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock valued at $1,701,000 after purchasing an additional 1,461 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Power Integrations by 14.9% during the first quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock valued at $28,904,000 after purchasing an additional 74,107 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Power Integrations by 15.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock valued at $8,825,000 after purchasing an additional 23,389 shares in the last quarter.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.