Power Integrations (NASDAQ:POWI) Price Target Raised to $65.00 at Benchmark

Power Integrations (NASDAQ:POWI) had its price objective hoisted by Benchmark from $55.00 to $65.00 in a research note released on Monday,Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

Several other equities analysts have also weighed in on POWI. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Susquehanna increased their target price on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Finally, Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Power Integrations presently has an average rating of “Hold” and an average target price of $59.75.

Power Integrations Trading Down 1.8%

NASDAQ:POWI opened at $51.44 on Monday. Power Integrations has a 1-year low of $30.86 and a 1-year high of $60.12. The business’s 50-day moving average price is $47.67 and its two-hundred day moving average price is $41.96. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 131.90, a PEG ratio of 3.98 and a beta of 1.30.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The firm had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts predict that Power Integrations will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were given a dividend of $0.215 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, February 27th. Power Integrations’s payout ratio is 220.51%.

Insiders Place Their Bets

In other news, CEO Jennifer A. Lloyd sold 3,322 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $46.57, for a total transaction of $154,705.54. Following the sale, the chief executive officer owned 76,307 shares of the company’s stock, valued at $3,553,616.99. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Balu Balakrishnan sold 4,995 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total value of $235,764.00. Following the sale, the director directly owned 576,256 shares in the company, valued at approximately $27,199,283.20. This represents a 0.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 41,831 shares of company stock worth $1,936,896. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Power Integrations

Hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Power Integrations during the third quarter worth about $3,997,000. Copeland Capital Management LLC raised its position in shares of Power Integrations by 7.2% during the third quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock worth $51,343,000 after purchasing an additional 86,123 shares during the period. Quantbot Technologies LP raised its position in shares of Power Integrations by 48,387.7% during the third quarter. Quantbot Technologies LP now owns 130,432 shares of the semiconductor company’s stock worth $5,245,000 after purchasing an additional 130,163 shares during the period. ASR Vermogensbeheer N.V. raised its position in shares of Power Integrations by 8.2% during the third quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock worth $12,366,000 after purchasing an additional 23,354 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Power Integrations by 173.6% during the second quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock worth $23,687,000 after purchasing an additional 268,875 shares during the period.

About Power Integrations

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.