Power Integrations, Inc. (NASDAQ:POWI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $74.67.

Several equities research analysts have weighed in on the company. Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. Stifel Nicolaus increased their price objective on Power Integrations from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Finally, Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a report on Thursday.

Insider Activity

In related news, CEO Balu Balakrishnan sold 9,544 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total transaction of $488,557.36. Following the completion of the transaction, the chief executive officer now owns 590,580 shares of the company’s stock, valued at $30,231,790.20. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Nayyar sold 1,929 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the transaction, the chief financial officer now directly owns 107,357 shares of the company’s stock, valued at approximately $5,463,397.73. This trade represents a 1.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,561 shares of company stock worth $642,092 in the last quarter. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its position in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 192 shares in the last quarter. Victory Capital Management Inc. increased its position in Power Integrations by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 17,385 shares of the semiconductor company’s stock valued at $878,000 after buying an additional 200 shares in the last quarter. Snowden Capital Advisors LLC increased its position in Power Integrations by 1.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock valued at $748,000 after buying an additional 211 shares in the last quarter. Bayforest Capital Ltd increased its position in Power Integrations by 54.3% during the 1st quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 222 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock valued at $523,000 after buying an additional 230 shares in the last quarter.

Power Integrations Price Performance

POWI opened at $50.51 on Friday. The stock’s 50 day simple moving average is $50.24 and its 200 day simple moving average is $58.05. Power Integrations has a 1 year low of $40.78 and a 1 year high of $79.13. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 88.62, a PEG ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The business had revenue of $105.53 million during the quarter, compared to analysts’ expectations of $105.44 million. During the same quarter last year, the business posted $0.18 EPS. The business’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Power Integrations will post 0.93 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, May 30th. Power Integrations’s payout ratio is presently 129.23%.

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.