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

Power Integrations, Inc. (NASDAQ:POWI) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $87.40.

Separately, Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Power Integrations in a report on Friday, June 7th.

Insider Transactions at Power Integrations

In related news, VP Yang Chiah Yee sold 1,412 shares of Power Integrations stock in a transaction on Monday, June 17th. The shares were sold at an average price of $73.75, for a total value of $104,135.00. Following the sale, the vice president now owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Yang Chiah Yee sold 1,412 shares of Power Integrations stock in a transaction on Monday, June 17th. The shares were sold at an average price of $73.75, for a total value of $104,135.00. Following the sale, the vice president now owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Mh Matthews sold 9,500 shares of Power Integrations stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $77.17, for a total transaction of $733,115.00. Following the completion of the sale, the insider now directly owns 53,729 shares in the company, valued at approximately $4,146,266.93. The disclosure for this sale can be found here. Insiders have sold 32,100 shares of company stock valued at $2,481,667 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Duality Advisers LP purchased a new position in Power Integrations in the 1st quarter valued at $1,261,000. Jump Financial LLC lifted its holdings in Power Integrations by 609.6% in the 4th quarter. Jump Financial LLC now owns 38,725 shares of the semiconductor company’s stock valued at $3,180,000 after purchasing an additional 33,268 shares in the last quarter. Congress Asset Management Co. MA lifted its holdings in Power Integrations by 14.8% in the 1st quarter. Congress Asset Management Co. MA now owns 487,506 shares of the semiconductor company’s stock valued at $34,881,000 after purchasing an additional 62,824 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Power Integrations by 6.4% during the 4th quarter. Vontobel Holding Ltd. now owns 521,360 shares of the semiconductor company’s stock worth $42,809,000 after acquiring an additional 31,260 shares during the period. Finally, TD Asset Management Inc purchased a new position in shares of Power Integrations during the 4th quarter worth $1,299,000.

Power Integrations Stock Performance

POWI stock opened at $73.04 on Friday. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 79.29, a PEG ratio of 4.08 and a beta of 1.11. The firm has a 50-day simple moving average of $73.57 and a two-hundred day simple moving average of $72.92. Power Integrations has a one year low of $62.13 and a one year high of $97.37.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.08 EPS for the quarter. The firm had revenue of $91.69 million during the quarter, compared to analyst estimates of $89.98 million. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. As a group, equities analysts predict that Power Integrations will post 0.73 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a dividend of $0.20 per share. The ex-dividend date was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.10%. Power Integrations’s payout ratio is 86.96%.

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.