Power Integrations (NASDAQ:POWI) Given Buy Rating at Benchmark

Benchmark reiterated their buy rating on shares of Power Integrations (NASDAQ:POWI) in a report released on Friday morning,Benzinga reports. They currently have a $78.00 price objective on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the company. Susquehanna reduced their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Down 1.8 %

Shares of POWI stock opened at $59.68 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of 104.70, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. Power Integrations has a 52-week low of $56.63 and a 52-week high of $85.00. The business has a 50-day simple moving average of $62.48 and a 200-day simple moving average of $63.15.

Power Integrations (NASDAQ:POWI) last released its quarterly 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 4.49% and a net margin of 7.69%. Sell-side analysts anticipate that Power Integrations will post 0.9 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.41%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Insider Buying and Selling

In related news, CFO Sandeep Nayyar sold 5,152 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the transaction, the chief financial officer now directly owns 110,394 shares in the company, valued at approximately $6,706,435.50. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Balu Balakrishnan sold 12,507 shares of the firm’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 transaction, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,131 shares of company stock worth $1,865,182. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of POWI. Smartleaf Asset Management LLC boosted its position in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after buying an additional 282 shares during the period. Versant Capital Management Inc boosted its position in shares of Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after buying an additional 534 shares during the period. UMB Bank n.a. raised its stake in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Power Integrations in the third quarter valued at $87,000. Finally, KBC Group NV raised its stake in shares of Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 432 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.