Power Integrations (NASDAQ:POWI) Downgraded by StockNews.com to Sell

Power Integrations (NASDAQ:POWI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Other analysts have also issued reports about the company. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Wednesday, September 11th. Stifel Nicolaus restated a “buy” rating and issued a $95.00 price objective (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut their price objective on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, TD Cowen cut their price objective on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

Power Integrations Stock Up 1.5 %

Shares of POWI traded up $0.94 during trading hours on Wednesday, reaching $63.19. 189,258 shares of the company traded hands, compared to its average volume of 413,723. The stock has a market capitalization of $3.59 billion, a PE ratio of 68.68, a price-to-earnings-growth ratio of 5.09 and a beta of 1.10. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The stock has a fifty day simple moving average of $62.57 and a 200 day simple moving average of $68.74.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The firm had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. During the same period last year, the company earned $0.27 EPS. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. Research analysts predict that Power Integrations will post 0.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the sale, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of Power Integrations by 8.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 135 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Power Integrations by 69.8% in the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Mather Group LLC. grew its position in shares of Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 161 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Power Integrations by 1.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock worth $1,116,000 after acquiring an additional 185 shares in the last quarter. Finally, Covestor Ltd boosted its position in Power Integrations by 16.3% during the 1st quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 222 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.