The stock of Power Integrations Inc (NASDAQ:POWI) last traded at $61.36, down -1.92% from the previous session.
POWI stock price is now -3.55% away from the 50-day moving average and -8.49% away from the 200-day moving average. The market capitalization of the company currently stands at $3.49B.
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With the price target maintained at $80, Northland Capital recently Upgraded its rating from Market Perform to Outperform for Power Integrations Inc (NASDAQ: POWI). On August 07, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $80 to quote $70, while ‘Northland Capital’ rates the stock as ‘Market Perform’
In other news, WALKER CLIFFORD, VP Corporate Development sold 10,000 shares of the company’s stock on Nov 27 ’24. The stock was sold for $643,615 at an average price of $64.36. Upon completion of the transaction, the VP Corporate Development now directly owns 130,934 shares in the company, valued at $8.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, Officer CLIFFORD WALKER bought 10,000 shares of the business’s stock. A total of $644,383 was incurred on buying the stock at an average price of $64.44. A total of 2.01% of the company’s stock is owned by insiders.
During the past 12 months, Power Integrations Inc has had a low of $56.63 and a high of $85.00. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 10.01, and a quick ratio of 6.70. According to the stock market information, the enterprise value for the company is $3185462272, which is based on a 93.79 price-to-earnings ratio, a 5.48 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for POWI is $63.6156 and a two-hundred day moving average price translates $67.052 for the stock.
The latest earnings results from Power Integrations Inc (NASDAQ: POWI) was released for 2024-09-30. The net profit margin was 9.27% and return on equity was 4.87% for POWI. The company reported revenue of $115.84 million for the quarter, compared to $125.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.71 percent.
