Power Integrations Inc. (NASDAQ:POWI) shares, rose in value on Friday, 01/07/22, with the stock price down by -3.01% to the previous day’s close as strong demand from buyers drove the stock to $85.11.
Actively observing the price movement in the last trading, the stock closed the session at $87.75, falling within a range of $84.99 and $89.055. The value of beta (5-year monthly) was 0.98 whereas the PE ratio was 34.63 over 12-month period. Referring to stock’s 52-week performance, its high was $110.66, and the low was $73.04. On the whole, POWI has fluctuated by -9.05% over the past month.
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With the market capitalization of Power Integrations Inc. currently standing at about $5.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jan 31, 2022 – Feb 04, 2022. The company’s Forward Dividend Ratio is 0.52, with its dividend yield at 0.61%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.75, which is expected to increase to $0.74 for fiscal year $3.18 and then to about $3.28 by fiscal year 2022. Data indicates that the EPS growth is expected to be 87.10% in 2022, while the next year’s EPS growth is forecast to be 3.10%.
Analysts have estimated the company’s revenue for the quarter at $170.16 million, with a low estimate of $169.8 million and a high estimate of $170.9 million. According to the average forecast, sales growth in current quarter could jump up 12.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $700.89 million, representing an increase of 43.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that POWI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.
6 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 2 analyst(s), 4 recommend it as a Buy and 0 called the POWI stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 1.37, with the price of POWI currently trading nearly -4.84% and -12.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.61, while the 7-day volatility ratio is showing 4.34% which for the 30-day chart, stands at 3.94%. Furthermore, Power Integrations Inc. (POWI)’s beta value is 0.94, and its average true range (ATR) is 3.80. The company’s stock has been forecasted to trade at an average price of $115.83 over the course of the next 52 weeks, with a low of $105.00 and a high of $130.00. Based on these price targets, the low is -23.37% off current price, whereas the price has to move -52.74% to reach the yearly target high. Additionally, analysts’ median price of $114.50 is likely to be welcomed by investors because it represents a decrease of -34.53% from the current levels.
A comparison of Power Integrations Inc. (POWI) with its peers suggests the former has fared considerably weaker in the market. POWI showed an intraday change of -3.01% in last session, and over the past year, it shrunk by -8.20%%. In comparison, ON Semiconductor Corporation (ON) has moved lower at -4.00% on the day and was up 81.76% over the past 12 months. On the other hand, the price of NXP Semiconductors N.V. (NXPI) has fallen -2.48% on the day. The stock, however, is off 26.45% from where it was a year ago. The PE ratio stands at 34.63 for Power Integrations Inc., compared to 42.31 for ON Semiconductor Corporation, and 39.35 for NXP Semiconductors N.V. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.41%. Meanwhile, the Dow Jones Industrial Slipped by -0.01%.
Data on historical trading for Power Integrations Inc. (NASDAQ:POWI) indicates that the trading volumes over the past 10 days have averaged 0.34 million and over the past 3 months, they’ve averaged 550.88K. According to company’s latest data on outstanding shares, there are 60.32 million shares outstanding.
Nearly 0.80% of Power Integrations Inc.’s shares belong to company insiders and institutional investors own 99.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.09 million shares as on Dec 14, 2021, resulting in a short ratio of 4.08. According to the data, the short interest in Power Integrations Inc. (POWI) stood at 3.46% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 1.6 million. The stock has fallen by -8.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the POWI stock heading into the next quarter.