Power Integrations (NASDAQ:POWI) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Power Integrations (NASDAQ:POWI) in a research note released on Monday morning, Benzinga reports. Stifel Nicolaus currently has a $95.00 price objective on the semiconductor company’s stock, down from their prior price objective of $100.00.

Separately, Benchmark restated a buy rating and set a $90.00 target price on shares of Power Integrations in a research note on Friday, June 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $79.67.

Power Integrations Trading Down 7.0 %

Shares of NASDAQ:POWI opened at $59.78 on Monday. Power Integrations has a 12-month low of $59.63 and a 12-month high of $89.68. The business’s fifty day simple moving average is $72.27 and its 200-day simple moving average is $72.45. The company has a market capitalization of $3.39 billion, a PE ratio of 64.98, a P/E/G ratio of 3.81 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. The business had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. During the same period last year, the business posted $0.27 EPS. The business’s revenue was down 13.8% compared to the same quarter last year. Research analysts predict that Power Integrations will post 0.73 EPS for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 1.34%. Power Integrations’s payout ratio is presently 86.96%.

Insider Transactions at Power Integrations

In related news, insider David Mh Matthews sold 9,500 shares of the business’s 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 transaction, the insider now directly owns 53,729 shares in the company, valued at $4,146,266.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider David Mh Matthews sold 9,500 shares of the firm’s 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 sale, the insider now owns 53,729 shares in the company, valued at $4,146,266.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sandeep Nayyar sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $78.50, for a total transaction of $392,500.00. Following the sale, the chief financial officer now owns 85,198 shares in the company, valued at approximately $6,688,043. The disclosure for this sale can be found here. Insiders have sold 32,100 shares of company stock worth $2,481,667 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Power Integrations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new stake in Power Integrations in the 2nd quarter valued at $800,000. Quest Partners LLC lifted its holdings in Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 240 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Power Integrations in the second quarter valued at about $885,000. Los Angeles Capital Management LLC purchased a new stake in shares of Power Integrations during the second quarter worth about $699,000. Finally, Arizona State Retirement System raised its position in shares of Power Integrations by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 15,926 shares of the semiconductor company’s stock worth $1,118,000 after purchasing an additional 300 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.