Power Integrations Reaches New 52-Week High (POWI)

NEW YORK ( TheStreet) -- Power Integrations (Nasdaq: POWI) hit a new 52-week high Friday as it is currently trading at $42.50, above its previous 52-week high of $39.98 with 138,171 shares traded as of 9:40 a.m. ET. Average volume has been 202,500 shares over the past 30 days.

Power Integrations has a market cap of $1.08 billion and is part of the technology sector and electronics industry. Shares are up 12.2% year to date as of the close of trading on Thursday.

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 33.5, 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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Strong And Under The Radar: Power Integrations (POWI)