Power Integrations, Inc. (NASDAQ:POWI) Receives Average Recommendation of “Hold” from Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $64.50.

Several research analysts have recently issued reports on the stock. Susquehanna raised their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Stifel Nicolaus raised their target price on shares of Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, April 16th.

Insider Buying and Selling at Power Integrations

In related news, Director Nicholas Brathwaite sold 6,895 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total transaction of $499,266.95. Following the sale, the director owned 30,609 shares of the company’s stock, valued at approximately $2,216,397.69. This trade represents a 18.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Gagan Jain sold 3,481 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total value of $167,853.82. Following the sale, the vice president directly owned 30,769 shares in the company, valued at $1,483,681.18. The trade was a 10.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,689 shares of company stock worth $683,375. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Power Integrations

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Power Integrations by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock worth $268,573,000 after buying an additional 409,643 shares during the period. State Street Corp raised its holdings in Power Integrations by 18.0% during the 4th quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock worth $120,870,000 after buying an additional 518,284 shares during the period. Wellington Management Group LLP raised its holdings in Power Integrations by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock worth $86,148,000 after buying an additional 162,691 shares during the period. Snyder Capital Management L P raised its holdings in Power Integrations by 148.8% during the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock worth $73,380,000 after buying an additional 1,234,981 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Power Integrations by 1.4% in the fourth quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company’s stock valued at $52,583,000 after purchasing an additional 20,618 shares during the last quarter.

Power Integrations Trading Up 2.2%

Shares of NASDAQ POWI opened at $73.24 on Friday. The firm has a market capitalization of $4.08 billion, a PE ratio of 244.14, a price-to-earnings-growth ratio of 4.46 and a beta of 1.54. Power Integrations has a 1 year low of $30.86 and a 1 year high of $81.59. The firm’s 50-day moving average is $57.95 and its 200-day moving average is $46.55.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. As a group, equities research analysts anticipate that Power Integrations will post 0.64 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio is presently 286.67%.

Power Integrations Company Profile

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.