Analysts Set Power Integrations, Inc. (NASDAQ:POWI) PT at $87.40

Shares of Power Integrations, Inc. (NASDAQ:POWIGet Free Report) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $87.40.

Several research analysts recently commented on POWI shares. Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target for the company in a research report on Monday, February 26th. Benchmark reissued a “buy” rating and set a $90.00 price target on shares of Power Integrations in a research report on Friday. Finally, StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd.

Read Our Latest Stock Analysis on POWI

Insider Activity

In other news, CEO Balu Balakrishnan sold 9,799 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total value of $672,309.39. Following the completion of the sale, the chief executive officer now directly owns 552,161 shares of the company’s stock, valued at $37,883,766.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Sunil Gupta sold 4,512 shares of Power Integrations stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $78.25, for a total transaction of $353,064.00. Following the completion of the sale, the vice president now directly owns 53,861 shares of the company’s stock, valued at approximately $4,214,623.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total value of $672,309.39. Following the sale, the chief executive officer now directly owns 552,161 shares of the company’s stock, valued at $37,883,766.21. The disclosure for this sale can be found here. Insiders sold a total of 44,682 shares of company stock valued at $3,339,465 over the last three months. Insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Power Integrations by 1.1% during the 4th quarter. US Bancorp DE now owns 14,399 shares of the semiconductor company’s stock worth $1,182,000 after acquiring an additional 161 shares during the period. KLR Investment Advisors LLC increased its stake in Power Integrations by 4.2% during the 4th quarter. KLR Investment Advisors LLC now owns 4,157 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 168 shares during the period. Blair William & Co. IL increased its stake in Power Integrations by 5.1% during the 3rd quarter. Blair William & Co. IL now owns 3,494 shares of the semiconductor company’s stock worth $267,000 after acquiring an additional 169 shares during the period. Orion Portfolio Solutions LLC increased its stake in Power Integrations by 1.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock worth $1,116,000 after acquiring an additional 185 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Power Integrations by 2.2% during the 4th quarter. Handelsbanken Fonder AB now owns 9,502 shares of the semiconductor company’s stock worth $780,000 after acquiring an additional 200 shares during the period.

Power Integrations Stock Performance

NASDAQ:POWI opened at $74.57 on Friday. The company has a market cap of $4.23 billion, a PE ratio of 81.06, a PEG ratio of 4.10 and a beta of 1.18. Power Integrations has a 52-week low of $62.13 and a 52-week high of $99.60. The stock has a 50-day simple moving average of $71.71 and a 200 day simple moving average of $74.81.

Power Integrations (NASDAQ:POWIGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 EPS for the quarter. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. The firm had revenue of $91.69 million during the quarter, compared to analysts’ expectations of $89.98 million. On average, research analysts predict that Power Integrations will post 0.74 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.07%. Power Integrations’s payout ratio is 86.96%.

Power Integrations Company Profile

(Get Free Report

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.

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Analyst Recommendations for Power Integrations (NASDAQ:POWI)

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