Power Integrations, Inc. (NASDAQ:POWI) Receives $78.00 Average Price Target from Analysts

Power Integrations, Inc. (NASDAQ:POWI) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $78.00.

A number of brokerages have recently issued reports on POWI. Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, August 12th. Susquehanna dropped their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price target 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 issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. Finally, Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th.

Power Integrations Stock Up 1.5 %

NASDAQ POWI opened at $65.51 on Friday. The stock has a market capitalization of $3.73 billion, a P/E ratio of 99.26, a P/E/G ratio of 7.09 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 firm has a 50-day moving average price of $63.34 and a 200 day moving average price of $67.28.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. Power Integrations’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, equities research analysts expect that Power Integrations will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, November 29th. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is currently 121.21%.

Insider Buying and Selling at Power Integrations

In other news, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now owns 86,375 shares of the company’s stock, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Clifford Walker sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the sale, the vice president now owns 130,934 shares in the company, valued at approximately $8,426,912.24. This trade represents a 7.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,655 shares of company stock worth $1,205,566. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in POWI. Van ECK Associates Corp grew its position in Power Integrations by 55.6% during the third quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company’s stock valued at $2,138,000 after acquiring an additional 12,297 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Power Integrations by 97.5% during the 3rd quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company’s stock worth $1,669,000 after purchasing an additional 12,847 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Power Integrations by 214.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock worth $2,684,000 after purchasing an additional 28,548 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Power Integrations in the second quarter valued at approximately $699,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Power Integrations by 10.9% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 234,418 shares of the semiconductor company’s stock valued at $16,454,000 after buying an additional 23,056 shares in the last quarter.

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.