Zacks Research Downgrades Power Integrations (NASDAQ:POWI) to Strong Sell

Power Integrations (NASDAQ:POWI) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also recently commented on POWI. Susquehanna increased their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Finally, Benchmark lifted their price target on shares of Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.00.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $46.61 on Wednesday. The business’s 50 day moving average price is $38.56 and its 200-day moving average price is $42.05. Power Integrations has a fifty-two week low of $30.86 and a fifty-two week high of $68.20. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 152.00, a PEG ratio of 5.44 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. The business had revenue of $118.92 million for the quarter, compared to the consensus estimate of $118.36 million. During the same period in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts predict that Power Integrations will post 0.93 earnings per share for the current year.

Insider Transactions at Power Integrations

In related news, VP Gagan Jain sold 1,033 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $33.80, for a total transaction of $34,915.40. Following the sale, the vice president owned 17,212 shares in the company, valued at $581,765.60. This represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sunil Gupta sold 1,698 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $46.50, for a total value of $78,957.00. Following the completion of the sale, the vice president directly owned 97,672 shares in the company, valued at $4,541,748. This represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,837 shares of company stock valued at $164,604 over the last quarter. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in Power Integrations by 475.9% during the second quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock worth $27,000 after buying an additional 395 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 536 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Power Integrations by 125.9% in the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Power Integrations during the second quarter worth approximately $40,000. Finally, Global X Japan Co. Ltd. boosted its holdings in Power Integrations by 98.0% during the fourth quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 989 shares during the period.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.