Power Integrations (NASDAQ:POWI) Given New $62.00 Price Target at Stifel Nicolaus

Power Integrations (NASDAQ:POWI) had its price objective increased by Stifel Nicolaus from $56.00 to $62.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages also recently commented on POWI. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Susquehanna upped their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Benchmark upped their target price on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research note on Monday, April 6th. Finally, Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Power Integrations presently has a consensus rating of “Hold” and an average target price of $56.50.

Power Integrations Price Performance

Shares of POWI stock opened at $56.05 on Thursday. The company has a market capitalization of $3.11 billion, a P/E ratio of 143.72, a P/E/G ratio of 4.17 and a beta of 1.30. The company’s 50-day simple moving average is $48.89 and its two-hundred day simple moving average is $42.66. Power Integrations has a one year low of $30.86 and a one year high of $60.12.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $103.20 million for the quarter, compared to the consensus estimate of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. On average, research analysts expect 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 was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.5%. Power Integrations’s dividend payout ratio is 220.51%.

Insider Activity

In other Power Integrations news, CEO Jennifer A. Lloyd sold 3,322 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $154,705.54. Following the completion of the sale, the chief executive officer directly owned 76,307 shares in the company, valued at $3,553,616.99. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gagan Jain sold 3,481 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the sale, the vice president owned 30,769 shares of the company’s stock, valued at approximately $1,483,681.18. This trade represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,831 shares of company stock valued at $1,936,896 in the last ninety days. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Power Integrations

Several institutional investors have recently bought and sold shares of the company. Tactive Advisors LLC acquired a new stake in Power Integrations in the first quarter valued at approximately $393,000. Invesco Ltd. lifted its stake in shares of Power Integrations by 80.9% during the fourth quarter. Invesco Ltd. now owns 242,853 shares of the semiconductor company’s stock worth $8,631,000 after buying an additional 108,599 shares during the period. Vident Advisory LLC lifted its stake in shares of Power Integrations by 13.0% during the fourth quarter. Vident Advisory LLC now owns 11,697 shares of the semiconductor company’s stock worth $416,000 after buying an additional 1,349 shares during the period. State of Tennessee Department of Treasury lifted its stake in shares of Power Integrations by 6.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,400 shares of the semiconductor company’s stock worth $441,000 after buying an additional 744 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Power Integrations by 20.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 26,362 shares of the semiconductor company’s stock worth $937,000 after buying an additional 4,520 shares during the period.

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.