Currently, there are 56.69M common shares owned by the public and among those 55.06M shares have been available to trade.
The company’s stock has a 5-day price change of -7.62% and -23.16% over the past three months. POWI shares are trading -19.19% year to date (YTD), with the 12-month market performance down to -35.34% lower. It has a 12-month low price of $40.78 and touched a high of $79.13 over the same period. POWI has an average intraday trading volume of 598.93K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.15%, -1.88%, and -16.18% respectively.
Institutional ownership of Power Integrations Inc (NASDAQ: POWI) shares accounts for 104.88% of the company’s 56.69M shares outstanding.
It has a market capitalization of $2.81B and a beta (3y monthly) value of 1.30. The stock’s trailing 12-month PE ratio is 76.74, while the earnings-per-share (ttm) stands at $0.65. The company has a PEG of 2.89 and a Quick Ratio of 6.02 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.48% over the week and 3.16% over the month.
Earnings per share for the fiscal year are expected to increase by 34.31%, and 28.63% over the next financial year. EPS should grow at an annualized rate of 26.53% over the next five years, compared to -29.52% over the past 5-year period.
Looking at the support for the POWI, a number of firms have released research notes about the stock. Northland Capital stated their Outperform rating for the stock in a research note on August 12, 2024, with the firm’s price target at $80. TD Cowen coverage for the Power Integrations Inc (POWI) stock in a research note released on August 07, 2024 offered a Hold rating with a price target of $70. Northland Capital was of a view on February 26, 2024 that the stock is Market Perform, while Northland Capital gave the stock Under Perform rating on February 12, 2024, issuing a price target of $67. TD Cowen on their part issued Market Perform rating on February 09, 2024.
