Power Integrations (NASDAQ:POWI) Downgraded by Northland Securities to Market Perform

Northland Securities lowered shares of Power Integrations (NASDAQ:POWI) from an outperform rating to a market perform rating in a research report report published on Monday morning, Marketbeat Ratings reports. They currently have $46.00 target price on the semiconductor company’s stock.

Several other research firms have also weighed in on POWI. Benchmark boosted their target price on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Susquehanna boosted their target price on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.75.

Power Integrations Stock Performance

POWI opened at $51.44 on Monday. The business has a 50 day moving average price of $47.67 and a 200 day moving average price of $41.96. Power Integrations has a twelve month low of $30.86 and a twelve month high of $60.12. The firm has a market cap of $2.85 billion, a P/E ratio of 131.90, a price-to-earnings-growth ratio of 3.98 and a beta of 1.30.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $103.02 million. During the same period in the previous year, the company earned $0.30 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts anticipate that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

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

Insider Activity at Power Integrations

In related news, CEO Jennifer A. Lloyd sold 3,322 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $46.57, for a total transaction of $154,705.54. Following the completion of the transaction, the chief executive officer directly owned 76,307 shares in the company, valued at $3,553,616.99. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Balu Balakrishnan sold 10,080 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $44.75, for a total transaction of $451,080.00. Following the transaction, the director owned 575,331 shares of the company’s stock, valued at approximately $25,746,062.25. The trade was a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,831 shares of company stock valued at $1,936,896 in the last 90 days. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Power Integrations

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its stake in Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 536 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 371 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Power Integrations in the fourth quarter valued at $36,000. UMB Bank n.a. raised its stake in shares of Power Integrations by 61.7% in the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 410 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Power Integrations in the fourth quarter valued at $48,000.

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.