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

Shares of Power Integrations, Inc. (NASDAQ:POWI) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $78.50.

Several brokerages recently issued reports on POWI. Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft lowered 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. StockNews.com lowered Power Integrations from a “hold” rating to a “sell” rating in a report on Wednesday. Susquehanna decreased their price objective on Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a report on Thursday, August 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 51,899 shares in the company, valued at $3,420,144.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake 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 valued at $26,000 after purchasing an additional 150 shares during the period. Mather Group LLC. purchased a new stake in shares of Power Integrations during the first quarter worth $51,000. Fidelis Capital Partners LLC purchased a new stake in shares of Power Integrations during the first quarter worth $55,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Power Integrations in the second quarter worth $63,000. Finally, Quest Partners LLC increased its stake in Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 240 shares during the last quarter.

Power Integrations Stock Up 2.2 %

Shares of POWI opened at $63.78 on Thursday. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 85.04, a PEG ratio of 5.08 and a beta of 1.10. Power Integrations has a 52-week low of $56.63 and a 52-week high of $89.68. The business’s 50 day moving average is $62.40 and its two-hundred day moving average is $68.65.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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 earnings per share. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, equities analysts expect that Power Integrations will post 0.59 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were given a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. Power Integrations’s payout ratio is 106.67%.

About Power Integrations

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.