Movement Alert｜Power Integrations Falls 8.02% in Regular Trading, Semiconductor Sector Under Broad Selling Pressure

Market Focus06-10

On June 9, Power Integrations fell 8.02% in regular trading, trading at $70.11/share, with trading volume of $32.97 million.

The decline came amid a broad selloff across the semiconductor sector, with multiple major chip stocks suffering significant losses. Within the Semiconductors sector where Power Integrations belongs, individual stocks were universally pressured. Among peers, Marvell Technology fell 13.11%, Advanced Micro Devices fell 8.94%, Micron Technology fell 8.01%, Intel fell 7.98%, and NVIDIA fell 3.52%.

This marks the second consecutive session of sharp losses for Power Integrations, which also declined over 8% on June 6 amid similar sector-wide weakness. The stock has now fallen substantially from its 52-week high of $89.00. Power Integrations designs, develops, and markets analog and mixed-signal integrated circuits used in high-voltage power conversion for consumer, industrial, and electric vehicle applications.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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