Power Integrations (NASDAQ:POWI) Now Covered by Analysts at Roth Capital

Roth Capital began coverage on shares of Power Integrations (NASDAQ:POWI) in a research note published on Friday morning, MarketBeat reports. The firm issued a buy rating and a $52.00 price objective on the semiconductor company’s stock.

A number of other equities analysts have also issued reports on POWI. Zacks Research lowered Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Williams Trading set a $65.00 target price on Power Integrations in a research note on Thursday, November 5th. Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Needham & Company LLC decreased their price target on Power Integrations from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, November 5th. Finally, Weiss Ratings raised shares of Power Integrations from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of “Moderate Buy” and an average price target of $58.57.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $44.18 on Friday. Power Integrations has a 1-year low of $30.86 and a 1-year high of $91.18. The business’s fifty day moving average price is $48.30 and its two-hundred day moving average price is $58.57. The firm has a market capitalization of $2.47 billion, a PE ratio of 51.75 and a beta of 1.58.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Wednesday, November 4th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. Power Integrations had a net margin of 9.81% and a return on equity of 7.36%. The company had revenue of $125.48 million during the quarter, compared to the consensus estimate of $126.03 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts expect that Power Integrations will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in shares of Power Integrations by 2.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,815 shares of the semiconductor company’s stock worth $508,000 after acquiring an additional 227 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Power Integrations by 6.8% during the third quarter. Hantz Financial Services Inc. now owns 4,132 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 264 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Power Integrations by 6.7% in the second quarter. Hsbc Holdings PLC now owns 5,213 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 329 shares during the period. Cim Investment Management Inc. grew its position in shares of Power Integrations by 7.4% in the second quarter. Cim Investment Management Inc. now owns 5,168 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 357 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new position in shares of Power Integrations in the 2nd quarter valued at $33,000.

Power Integrations Company Profile

Power Integrations, Inc. designs and markets semiconductor technologies used in high-voltage power conversion. Its products include integrated circuits, power switches, diodes and gate drivers that help convert and control electricity in electronic systems. The company’s products are used in applications such as consumer electronics, appliances, industrial equipment, communications systems, electric vehicles and renewable-energy installations. Its EcoSmart technology is designed to improve energy efficiency in power supplies and other power-conversion applications.