Power Integrations (NASDAQ:POWI) Raised to “Buy” at StockNews.com

Power Integrations (NASDAQ:POWI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $54.55 on Wednesday. The firm has a market capitalization of $3.10 billion, a PE ratio of 95.70, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The business has a 50 day simple moving average of $59.92 and a two-hundred day simple moving average of $61.78. Power Integrations has a 1 year low of $53.83 and a 1 year high of $79.13.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Equities research analysts expect that Power Integrations will post 0.93 EPS for the current fiscal year.

Insider Activity at Power Integrations

In other news, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Clifford Walker sold 1,131 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $65,609.31. Following the sale, the vice president now directly owns 143,718 shares in the company, valued at approximately $8,337,081.18. The trade was a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,544 shares of company stock worth $2,433,105 over the last three months. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Power Integrations

A number of institutional investors have recently made changes to their positions in POWI. Wealth Enhancement Advisory Services LLC boosted its holdings in Power Integrations by 16.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,057 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 840 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Power Integrations by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,365 shares of the semiconductor company’s stock valued at $9,339,000 after purchasing an additional 1,371 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Power Integrations by 3.4% in the 4th quarter. Two Sigma Advisers LP now owns 12,200 shares of the semiconductor company’s stock worth $753,000 after purchasing an additional 400 shares in the last quarter. Snowden Capital Advisors LLC grew its position in Power Integrations by 1.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock worth $748,000 after purchasing an additional 211 shares during the last quarter. Finally, Shell Asset Management Co. grew its holdings in shares of Power Integrations by 12.4% during the fourth quarter. Shell Asset Management Co. now owns 61,964 shares of the semiconductor company’s stock valued at $3,823,000 after buying an additional 6,836 shares during 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.