Joby Aviation closes $591 million stock offering with full underwriter option
Power Integrations Inc. stock has reached a new 52-week low, touching $39.53, marking a steep 10.45% decline just in the past week. According to InvestingPro analysis, the company maintains strong fundamentals with a healthy balance sheet, holding more cash than debt. This milestone reflects a significant downturn for the company, as its stock has declined by 37.13% over the past year. Despite market challenges, the company has maintained its dividend payments for 18 consecutive years and boasts a current dividend yield of 2.06%. The drop in stock price highlights the challenges Power Integrations Inc. has faced in the market, with investors reacting to various factors impacting the company’s performance. As the stock reaches this new low, market analysts and investors will be closely monitoring the company’s next moves and any potential recovery strategies. Based on InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels, with 12 additional exclusive insights available to subscribers.
In other recent news, Power Integrations reported its financial results for the second quarter of 2025, revealing a slight miss in earnings per share (EPS) estimates but surpassing revenue expectations. The company’s EPS was $0.35, just below the projected $0.36, while revenue reached $116 million, exceeding the forecast of $115.02 million and marking a 9% increase from the previous year. In related developments, Chief Financial Officer Sandeep Nayyar announced his departure effective October 4, after a 15-year tenure, to join Altera. Robert Eric Verity, currently the Senior Director of Finance, will take over as interim CFO.
Benchmark maintained its Buy rating on Power Integrations, but lowered its price target from $70.00 to $55.00, citing weak guidance and macroeconomic challenges, particularly in the consumer appliance sector. Meanwhile, Stifel also reiterated its Buy rating on the company. Power Integrations reaffirmed its third-quarter financial outlook, initially provided on August 6. These recent developments highlight the company’s ongoing leadership transition and financial performance amidst broader market challenges.
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