Power Integrations (NASDAQ:POWI) Stock Price Down 7.1% – Should You Sell?

Power Integrations, Inc. (NASDAQ:POWI) shares were down 7.1% during trading on Tuesday . The stock traded as low as $55.36 and last traded at $55.14. Approximately 176,162 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 407,024 shares. The stock had previously closed at $59.37.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on POWI. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday. Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. Three investment 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 stock. According to data from MarketBeat, Power Integrations currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Price Performance

The company has a 50-day moving average of $61.31 and a two-hundred day moving average of $62.47. The company has a market capitalization of $3.16 billion, a PE ratio of 97.30, a P/E/G ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

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 paid a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.51%. Power Integrations’s payout ratio is 147.37%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the transaction, the vice president now owns 45,295 shares in the company, valued at $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Clifford Walker sold 1,131 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $65,609.31. Following the completion of the transaction, the vice president now directly owns 143,718 shares in the company, valued at $8,337,081.18. This trade represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock valued at $2,433,105 in the last three months. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in POWI. Wellington Management Group LLP increased its position in shares of Power Integrations by 25.6% during the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after acquiring an additional 476,986 shares during the period. Norges Bank purchased a new position in Power Integrations during the 4th quarter worth $19,663,000. Federated Hermes Inc. raised 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 valued at $43,870,000 after purchasing an additional 203,309 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 lifted its holdings in shares of 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 worth $54,451,000 after buying an additional 160,784 shares during the period.

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.