Breaking: Could Power Integrations Inc Lose its Strength? The Stock Reaches 52-Week High

Breaking: Could Power Integrations Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of Power Integrations Inc (NASDAQ:POWI) hit a new 52-week high and has $93.52 target or 40.00% above today’s $66.80 share price. The 5 months bullish chart indicates low risk for the $1.96B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $93.52 price target is reached, the company will be worth $784.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 63,519 shares traded hands. Power Integrations Inc (NASDAQ:POWI) has risen 47.71% since April 19, 2016 and is uptrending. It has outperformed by 43.85% the S&P500.

Power Integrations Inc (NASDAQ:POWI) Ratings Coverage

Out of 3 analysts covering Power Integrations (NASDAQ:POWI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Power Integrations has been the topic of 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Northland Capital maintained the stock with “Outperform” rating in Thursday, October 29 report. Sidoti downgraded Power Integrations Inc (NASDAQ:POWI) on Thursday, June 23 to “Neutral” rating. Northland Capital maintained Power Integrations Inc (NASDAQ:POWI) rating on Thursday, July 30. Northland Capital has “Outperform” rating and $56 price target. The firm earned “Neutral” rating on Monday, November 23 by Sidoti. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, November 13. Stifel Nicolaus maintained Power Integrations Inc (NASDAQ:POWI) on Thursday, October 13 with “Buy” rating. The stock of Power Integrations Inc (NASDAQ:POWI) earned “Buy” rating by Sidoti on Friday, January 8. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 30.

According to Zacks Investment Research, “Power Integrations, Inc. designs, develops, manufactures and markets proprietary, high-voltage, analog integrated circuits for use primarily in alternating current to direct current power conversion. The company has targeted high-volume power supply markets including: the cellular telephone market, the personal computer market, the cable and direct broadcast satellite decoder box market, and various other consumer and industrial electronics markets.”

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.23, from 1.38 in 2016Q1. The ratio dropped, as 11 funds sold all Power Integrations Inc shares owned while 57 reduced positions. 30 funds bought stakes while 64 increased positions. They now own 27.49 million shares or 0.74% more from 27.29 million shares in 2016Q1.
Huntington State Bank accumulated 3,081 shares or 0% of the stock. Aqr Capital Ltd Limited Liability Company has 0% invested in the company for 5,810 shares. Keybank Association Oh has invested 0% of its portfolio in Power Integrations Inc (NASDAQ:POWI). Bancorporation Of Mellon Corporation last reported 0.02% of its portfolio in the stock. Ubs Asset Management Americas last reported 13,371 shares in the company. Fiera holds 0.23% or 829,683 shares in its portfolio. Deutsche State Bank Ag last reported 126,872 shares in the company. Barclays Public Ltd Co reported 110 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 17,529 shares in its portfolio. State Of Wisconsin Board, a Wisconsin-based fund reported 241,649 shares. The Connecticut-based Verition Fund Management has invested 0.03% in Power Integrations Inc (NASDAQ:POWI). Invesco has 0.02% invested in the company for 1.10 million shares. The California-based Lpl Limited Liability has invested 0% in Power Integrations Inc (NASDAQ:POWI). Finemark Bancorp And Trust has 528 shares for 0% of their US portfolio. Aperio Group Limited Liability Com holds 0.01% or 29,172 shares in its portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 52 selling transactions for $21.45 million net activity. $312,951 worth of Power Integrations Inc (NASDAQ:POWI) shares were sold by BALAKRISHNAN BALU. NAYYAR SANDEEP also sold $10,723 worth of Power Integrations Inc (NASDAQ:POWI) shares. On Monday, September 19 Bailey Doug sold $27,600 worth of the stock or 460 shares. $9,952 worth of Power Integrations Inc (NASDAQ:POWI) shares were sold by WALKER CLIFFORD. The insider Matthews David MH sold $64,925. SHARP STEVEN had sold 10,000 shares worth $652,004 on Monday, November 14. IYER BALAKRISHNAN S sold $641,560 worth of Power Integrations Inc (NASDAQ:POWI) on Wednesday, November 9.

Another recent and important Power Integrations Inc (NASDAQ:POWI) news was published by Businesswire.com which published an article titled: “Power Integrations Appoints Thomas Simonis as VP of High-Power Products” on July 25, 2016.

POWI Company Profile

Power Integrations, Inc., incorporated on August 12, 1997, designs, develops, and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use. The Company’s ICs used in alternating current (AC)-direct current (DC) power supplies convert high-voltage AC to the low-voltage DC required by electronic devices. The Company’s power supplies are used with various electronic products, including mobile phones computers entertainment and networking equipment appliances utility meters industrial controls and light emitting diodes (LED) lights. The Firm sells its products to original equipment manufacturers and merchant power supply manufacturers through its network. The Firm has presence in various countries, including the United States, Switzerland, the United Kingdom, Germany, Italy, India, China, Japan, Korea, Philippines, Singapore and Taiwan.

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