Power Integrations, Inc. (NASDAQ:POWI) Receives $76.20 Consensus PT from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $76.20.

Several equities analysts have commented on the stock. Needham & Company LLC began coverage on shares of Power Integrations in a research report on Wednesday, June 10th. They set a “buy” rating and a $90.00 price objective for the company. Stifel Nicolaus upped their target price on shares of Power Integrations from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research report on Monday, April 6th. Finally, Susquehanna boosted their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, May 8th.

Insider Transactions at Power Integrations

In related news, Director Nicholas Brathwaite sold 6,895 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director directly owned 30,609 shares in the company, valued at $2,216,397.69. This trade represents a 18.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sunil Gupta sold 15,894 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total value of $1,306,168.92. Following the completion of the sale, the vice president owned 71,239 shares of the company’s stock, valued at approximately $5,854,421.02. This represents a 18.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 334,772 shares of company stock worth $27,322,535. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Power Integrations

Hedge funds and other institutional investors have recently made changes to their positions in the company. Snyder Capital Management L P boosted its position in shares of Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after buying an additional 1,234,981 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Power Integrations by 1,885.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after buying an additional 895,857 shares during the period. M&T Bank Corp raised its holdings in shares of Power Integrations by 3,635.7% in the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after buying an additional 728,517 shares during the period. Wellington Management Group LLP raised its holdings in shares of Power Integrations by 35.7% in the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock worth $90,926,000 after buying an additional 595,404 shares during the period. Finally, State Street Corp lifted its stake in shares of Power Integrations by 18.0% during the 4th quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock worth $120,870,000 after acquiring an additional 518,284 shares during the last quarter.

Power Integrations Stock Performance

NASDAQ:POWI opened at $63.46 on Friday. Power Integrations has a 12-month low of $30.86 and a 12-month high of $91.18. The stock has a 50-day moving average price of $76.57 and a 200 day moving average price of $60.79. The stock has a market capitalization of $3.54 billion, a P/E ratio of 211.54 and a beta of 1.57.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. Power Integrations’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts predict that Power Integrations will post 0.76 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 29th. Power Integrations’s dividend payout ratio (DPR) is presently 286.67%.

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.