Power Integrations, Inc. (NASDAQ:POWI) Receives Average Recommendation of “Hold” from Analysts

Power Integrations, Inc. (NASDAQ:POWI) has received a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $88.14.

POWI has been the topic of several research reports. Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $82.00 target price on the stock. in a research report on Monday, July 17th. Susquehanna decreased their target price on Power Integrations from $105.00 to $100.00 and set a “positive” rating for the company in a report on Friday, August 4th. StockNews.com assumed coverage on shares of Power Integrations in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Power Integrations from $75.00 to $80.00 in a research note on Friday, May 5th. Finally, Stifel Nicolaus increased their price objective on shares of Power Integrations from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th.

Power Integrations Stock Up 2.6 %

Power Integrations stock opened at $83.84 on Wednesday. Power Integrations has a twelve month low of $59.16 and a twelve month high of $99.60. The business has a fifty day moving average of $89.46 and a two-hundred day moving average of $85.12. The firm has a market cap of $4.81 billion, a P/E ratio of 53.06 and a beta of 1.18.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Power Integrations had a net margin of 17.58% and a return on equity of 12.00%. The company had revenue of $123.22 million during the quarter, compared to analysts’ expectations of $122.77 million. Equities analysts expect that Power Integrations will post 1.17 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.91%. Power Integrations’s payout ratio is 48.10%.

Insider Activity at Power Integrations

In other Power Integrations news, VP Yang Chiah Yee sold 1,381 shares of Power Integrations stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $91.43, for a total value of $126,264.83. Following the completion of the transaction, the vice president now owns 34,474 shares of the company’s stock, valued at $3,151,957.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Yang Chiah Yee sold 1,381 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $91.43, for a total value of $126,264.83. Following the transaction, the vice president now directly owns 34,474 shares of the company’s stock, valued at approximately $3,151,957.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Mh Matthews sold 8,647 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $82.62, for a total value of $714,415.14. Following the sale, the insider now owns 80,686 shares of the company’s stock, valued at $6,666,277.32. The disclosure for this sale can be found here. Insiders sold a total of 17,806 shares of company stock worth $1,488,301 in the last three months. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Large investors have recently modified their holdings of the business. Belpointe Asset Management LLC boosted its stake in Power Integrations by 59.8% during the first quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company’s stock worth $29,000 after buying an additional 128 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Power Integrations in the 2nd quarter valued at approximately $72,000. Covestor Ltd lifted its stake in Power Integrations by 179.3% during the first quarter. Covestor Ltd now owns 863 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 554 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Power Integrations in the second quarter valued at $84,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Power Integrations in the 1st quarter valued at about $85,000. Hedge funds and other institutional investors own 99.82% of the company’s stock.

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.