Power Integrations, Inc. (NASDAQ:POWI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $78.50.

POWI has been the topic of a number of analyst reports. Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, August 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Susquehanna decreased their price target on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating for the company in a research note on Thursday, August 8th. StockNews.com downgraded shares of Power Integrations from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Wednesday, September 11th.

Power Integrations Stock Performance

Shares of POWI stock opened at $63.69 on Thursday. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The company has a 50 day moving average price of $62.38 and a 200 day moving average price of $68.53. The stock has a market capitalization of $3.62 billion, a P/E ratio of 69.23, a price-to-earnings-growth ratio of 5.08 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The company’s revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, research analysts forecast that Power Integrations will post 0.59 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Power Integrations’s dividend payout ratio is presently 86.96%.

Insider Activity at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the transaction, the vice president now owns 51,899 shares in the company, valued at $3,420,144.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares during the period. Mather Group LLC. purchased a new stake in shares of Power Integrations in the first quarter valued at about $51,000. Fidelis Capital Partners LLC acquired a new stake in shares of Power Integrations during the first quarter worth about $55,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Power Integrations during the second quarter worth about $63,000. Finally, Quest Partners LLC grew its holdings in shares of Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after buying an additional 240 shares during the last quarter.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.