Analysts Set Power Integrations, Inc. (NASDAQ:POWI) PT at $78.50

Shares of Power Integrations, Inc. (NASDAQ:POWI) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $78.50.

A number of brokerages have recently weighed in on POWI. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Wednesday, September 11th. Finally, TD Cowen decreased their price target on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th.

Insiders Place Their Bets

In other news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the transaction, the vice president now owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning lifted its position in shares of Power Integrations by 58.6% during the 2nd quarter. Creative Planning now owns 12,459 shares of the semiconductor company’s stock worth $874,000 after buying an additional 4,601 shares during the period. Scientech Research LLC acquired a new stake in Power Integrations during the 2nd quarter valued at $372,000. The Manufacturers Life Insurance Company increased its holdings in Power Integrations by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 103,032 shares of the semiconductor company’s stock valued at $7,230,000 after purchasing an additional 2,136 shares in the last quarter. Millennium Management LLC increased its holdings in Power Integrations by 23.4% during the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock valued at $41,634,000 after purchasing an additional 112,595 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in Power Integrations by 40.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company’s stock valued at $32,110,000 after purchasing an additional 131,735 shares in the last quarter.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $59.04 on Friday. Power Integrations has a 1 year low of $56.63 and a 1 year high of $89.68. The firm has a market capitalization of $3.36 billion, a PE ratio of 64.17, a price-to-earnings-growth ratio of 4.62 and a beta of 1.10. The firm’s 50-day moving average is $66.55 and its two-hundred day moving average is $69.92.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $106.20 million during the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The firm’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. Analysts expect that Power Integrations will post 0.6 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, August 30th. Power Integrations’s dividend payout ratio is currently 86.96%.

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.