Power Integrations, Inc. (NASDAQ:POWI) Receives $78.00 Consensus Target Price from Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Two research 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 issued ratings on the stock in the last year is $78.00.

POWI has been the subject of several research reports. Susquehanna reduced their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th.

Insider Activity at Power Integrations

In other news, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares of the company’s stock, valued at $5,610,920. This trade represents a 9.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Clifford Walker sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now directly owns 130,934 shares in the company, valued at $8,426,912.24. This represents a 7.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,655 shares of company stock worth $1,205,566 in the last three months. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Several institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in shares of Power Integrations by 8.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 135 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 205 shares in the last quarter. MML Investors Services LLC boosted its position in Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after acquiring an additional 207 shares during the last quarter. Quest Partners LLC boosted 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 purchasing an additional 240 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in Power Integrations by 5.8% in the 3rd quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock worth $297,000 after buying an additional 255 shares during the last quarter.

Power Integrations Price Performance

Power Integrations stock opened at $61.80 on Tuesday. The stock’s fifty day moving average is $63.74 and its two-hundred day moving average is $65.42. The stock has a market cap of $3.51 billion, a PE ratio of 93.64, a P/E/G ratio of 7.01 and a beta of 1.12. Power Integrations has a 1-year low of $56.63 and a 1-year high of $85.00.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. On average, research analysts expect that Power Integrations will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.36%. Power Integrations’s dividend payout ratio (DPR) is currently 127.27%.

About Power Integrations

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.