Brokerages Set Power Integrations, Inc. (NASDAQ:POWI) Target Price at $61.00

Shares of Power Integrations, Inc. (NASDAQ:POWI) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $61.00.

A number of equities analysts have recently commented on POWI shares. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Susquehanna raised their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Power Integrations in a research note on Friday, February 6th. Finally, Zacks Research lowered Power Integrations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th.

Power Integrations Stock Performance

Shares of POWI stock opened at $48.46 on Tuesday. Power Integrations has a 52-week low of $30.86 and a 52-week high of $64.35. The business’s fifty day moving average is $43.06 and its 200 day moving average is $41.45. The company has a market capitalization of $2.69 billion, a PE ratio of 124.26, a price-to-earnings-growth ratio of 3.69 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share 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 analyst estimates of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, February 27th. 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 yield of 1.8%. Power Integrations’s dividend payout ratio (DPR) is 215.38%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 1,272 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $45.97, for a total transaction of $58,473.84. Following the completion of the sale, the vice president directly owned 96,933 shares in the company, valued at $4,456,010.01. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Gagan Jain sold 995 shares of Power Integrations stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $46.50, for a total value of $46,267.50. Following the completion of the transaction, the vice president owned 32,549 shares in the company, valued at approximately $1,513,528.50. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 38,037 shares of company stock valued at $1,752,788. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Institutional investors and hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. lifted its position in Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after purchasing an additional 261 shares during the last quarter. Royal Bank of Canada raised its holdings in Power Integrations by 5.0% during the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock valued at $3,827,000 after buying an additional 3,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Power Integrations by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock valued at $1,701,000 after buying an additional 1,461 shares during the period. Goldman Sachs Group Inc. boosted its position in Power Integrations by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock valued at $28,904,000 after buying an additional 74,107 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Power Integrations by 15.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock worth $8,825,000 after acquiring an additional 23,389 shares during the last quarter.

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.