Power Integrations, Inc. (NASDAQ:POWI) Given Average Rating of “Moderate Buy” by Analysts

Power Integrations, Inc. (NASDAQ:POWI) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $78.00.

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, November 8th. Finally, Susquehanna lowered 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.

Power Integrations Stock Performance

NASDAQ POWI opened at $62.41 on Tuesday. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 94.56, a PEG ratio of 7.01 and a beta of 1.12. The firm has a 50 day simple moving average of $63.81 and a 200-day simple moving average of $65.83. Power Integrations has a one year low of $56.63 and a one year high of $85.27.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The firm had revenue of $115.84 million during the quarter, compared to analysts’ expectations of $114.83 million. During the same period in the previous year, the firm posted $0.35 EPS. Power Integrations’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities analysts predict that Power Integrations will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 1.35%. The ex-dividend date is Friday, November 29th. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s payout ratio is 127.27%.

Insider Transactions at Power Integrations

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

Institutional Trading of Power Integrations

Several large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in Power Integrations by 8.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 135 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Power Integrations by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 205 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after acquiring an additional 207 shares during the period. Quest Partners LLC raised its holdings in Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 240 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in Power Integrations by 5.8% in the third quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 255 shares during the period.

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.