Power Integrations (NASDAQ:POWI) Upgraded at Zacks Research

Zacks Research upgraded shares of Power Integrations (NASDAQ:POWI) from a strong sell rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Power Integrations in a report on Friday, February 6th. Finally, Susquehanna raised their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.00.

Power Integrations Trading Down 1.1%

POWI stock opened at $47.92 on Thursday. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 122.87, a price-to-earnings-growth ratio of 3.64 and a beta of 1.37. The company’s 50 day moving average is $43.29 and its 200 day moving average is $41.44. Power Integrations has a 1-year low of $30.86 and a 1-year high of $63.04.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $103.20 million during the quarter, compared to analysts’ expectations of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, sell-side analysts forecast that Power Integrations will post 0.93 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, February 27th. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio (DPR) is presently 215.38%.

Insiders Place Their Bets

In related news, VP Sunil Gupta sold 1,272 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $45.97, for a total value of $58,473.84. Following the transaction, the vice president owned 96,933 shares of the company’s stock, valued at $4,456,010.01. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Balu Balakrishnan sold 4,995 shares of Power Integrations stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $47.20, for a total transaction of $235,764.00. Following the sale, the director owned 576,256 shares of the company’s stock, valued at $27,199,283.20. The trade was a 0.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 41,518 shares of company stock worth $1,920,642. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Power Integrations

Hedge funds have recently made changes to their positions in the company. Snyder Capital Management L P increased its stake in shares of Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after buying an additional 1,234,981 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Power Integrations by 1,885.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock valued at $33,528,000 after purchasing an additional 895,857 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Power Integrations by 3,635.7% in the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock valued at $26,604,000 after purchasing an additional 728,517 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Power Integrations by 35.7% during the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after purchasing an additional 595,404 shares in the last quarter. Finally, Norges Bank purchased a new position in Power Integrations during the second quarter valued at approximately $32,897,000.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.