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

Shares of Power Integrations, Inc. (NASDAQ:POWI) have received an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $61.00.

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a research report on Friday, February 6th. Susquehanna increased their target price on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th.

Power Integrations Stock Up 2.4%

Shares of Power Integrations stock opened at $47.58 on Friday. The stock’s fifty day moving average is $46.19 and its 200-day moving average is $41.53. The firm has a market capitalization of $2.64 billion, a PE ratio of 122.00, a price-to-earnings-growth ratio of 3.53 and a beta of 1.34. Power Integrations has a 12-month low of $30.86 and a 12-month high of $60.12.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share 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 analyst estimates of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.Power Integrations’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. Analysts expect that Power Integrations will post 0.93 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently disclosed 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. 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 a boost from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio is 220.51%.

Insiders Place Their Bets

In other Power Integrations news, Director Balu Balakrishnan sold 10,080 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $44.75, for a total value of $451,080.00. Following the completion of the sale, the director owned 575,331 shares in the company, valued at $25,746,062.25. This represents a 1.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction 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 sale, the vice president directly owned 30,769 shares of the company’s stock, valued at $1,483,681.18. This trade represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 41,518 shares of company stock worth $1,920,642. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

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