Power Integrations’ (POWI) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Power Integrations (NASDAQ:POWI) in a report issued on Wednesday morning,Benzinga reports. Benchmark currently has a $70.00 price objective on the semiconductor company’s stock.

POWI has been the topic of several other reports. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Stifel Nicolaus lifted their target price on Power Integrations from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and an average price target of $73.33.

Power Integrations Trading Up 0.2%

Shares of POWI stock opened at $54.25 on Wednesday. Power Integrations has a 12-month low of $40.78 and a 12-month high of $75.71. The stock’s 50-day moving average price is $54.82 and its 200-day moving average price is $55.55. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 83.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. The firm had revenue of $105.53 million for the quarter, compared to analysts’ expectations of $105.44 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue was up 15.1% compared to the same quarter last year. As a group, research analysts predict that Power Integrations will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 1.55%. Power Integrations’s payout ratio is currently 129.23%.

Institutional Investors Weigh In On Power Integrations

Several large investors have recently added to or reduced their stakes in POWI. Vanguard Group Inc. boosted its position in shares of Power Integrations by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock valued at $444,909,000 after buying an additional 114,047 shares during the period. Wellington Management Group LLP boosted its position in shares of Power Integrations by 4.5% during the fourth quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock valued at $150,879,000 after buying an additional 105,034 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock valued at $118,492,000 after buying an additional 178,896 shares during the period. Geode Capital Management LLC boosted its position in shares of Power Integrations by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company’s stock valued at $99,000,000 after buying an additional 28,793 shares during the period. Finally, Capital International Investors boosted its position in shares of Power Integrations by 5.8% during the fourth quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company’s stock valued at $92,743,000 after buying an additional 82,681 shares during the period.

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.