Power Integrations, Inc. (NASDAQ:POWI) Receives Average Recommendation of “Moderate Buy” from Analysts

Power Integrations, Inc. (NASDAQ:POWI) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $87.40.

Separately, Benchmark restated a “buy” rating and issued a $90.00 target price on shares of Power Integrations in a research note on Friday, June 7th.

Power Integrations Stock Down 0.7 %

POWI stock opened at $69.69 on Tuesday. The stock’s 50 day moving average is $73.17 and its two-hundred day moving average is $74.11. Power Integrations has a 52-week low of $62.13 and a 52-week high of $99.60. The company has a market capitalization of $3.96 billion, a PE ratio of 75.75, a P/E/G ratio of 3.91 and a beta of 1.18.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. The business had revenue of $91.69 million during the quarter, compared to analyst estimates of $89.98 million. As a group, sell-side analysts anticipate that Power Integrations will post 0.73 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.15%. Power Integrations’s dividend payout ratio (DPR) is 86.96%.

Insider Activity

In other news, VP Yang Chiah Yee sold 1,412 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the sale, the vice president now directly owns 45,436 shares in the company, valued at approximately $3,350,905. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Yang Chiah Yee sold 1,412 shares of Power Integrations stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $73.75, for a total value of $104,135.00. Following the sale, the vice president now directly owns 45,436 shares in the company, valued at approximately $3,350,905. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Radu Barsan sold 1,837 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $76.56, for a total transaction of $140,640.72. Following the transaction, the vice president now directly owns 40,945 shares of the company’s stock, valued at $3,134,749.20. The disclosure for this sale can be found here. In the last three months, insiders sold 32,100 shares of company stock valued at $2,481,667. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

Institutional investors have recently made changes to their positions in the stock. Kodai Capital Management LP bought a new stake in shares of Power Integrations in the 4th quarter worth approximately $39,467,000. Norges Bank acquired a new stake in shares of Power Integrations during the 4th quarter valued at $37,424,000. Capital International Investors boosted its stake in shares of Power Integrations by 46.2% during the 4th quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock worth $101,501,000 after acquiring an additional 390,373 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Power Integrations by 2,011.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company’s stock worth $21,427,000 after acquiring an additional 248,591 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock worth $195,073,000 after purchasing an additional 154,032 shares during the period.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.