Power Integrations Rises On Unusually High Volume (POWI)

NEW YORK (TheStreet) -- Power Integrations (Nasdaq:POWI) is trading at unusually high volume Wednesday with 873,602 shares changing hands. It is currently at four times its average daily volume and trading up $3.04 (+9.3%) at $35.78 as of 3:35 p.m. ET.

Power Integrations has a market cap of $929.9 million and is part of the technology sector and electronics industry. Shares are down 1.3% year to date as of the close of trading on Tuesday.

Power Integrations, Inc. designs, develops, manufactures, and markets proprietary, high-voltage, analog, and mixed-signal integrated circuits (ICs) in the United States and internationally. The company has a P/E ratio of 27.2, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Power Integrations as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Power Integrations Ratings Report.

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