Power Integrations (NASDAQ:POWI) Upgraded at StockNews.com

StockNews.com upgraded shares of Power Integrations (NASDAQ:POWI) from a sell rating to a hold rating in a research report report published on Friday.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft dropped their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Wednesday, September 11th. Stifel Nicolaus restated a “buy” rating and set a $95.00 price objective (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday, August 12th. Finally, Susquehanna decreased their price target on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Power Integrations Stock Performance

Shares of POWI opened at $63.48 on Friday. The business’s 50 day moving average price is $62.34 and its two-hundred day moving average price is $68.02. The firm has a market cap of $3.61 billion, a PE ratio of 83.77, a price-to-earnings-growth ratio of 4.85 and a beta of 1.10. Power Integrations has a 52-week low of $56.63 and a 52-week high of $89.68.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data 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 net margin of 10.38% and a return on equity of 4.86%. The firm had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue for the quarter was down 13.8% compared to the same quarter last year. Research analysts predict that Power Integrations will post 0.59 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations’s dividend payout ratio (DPR) is presently 106.67%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC grew its stake in Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after buying an additional 213,392 shares in the last quarter. M&G PLC bought a new position in Power Integrations in the third quarter valued at $9,820,000. D. E. Shaw & Co. Inc. raised its position in Power Integrations by 40.4% during the second 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. Millennium Management LLC lifted its stake in Power Integrations by 23.4% during the second quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock worth $41,634,000 after purchasing an additional 112,595 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Power Integrations by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock worth $467,119,000 after purchasing an additional 105,034 shares in the last quarter.

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.