Power Integrations (NASDAQ:POWI) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Power Integrations (NASDAQ:POWI) from a sell rating to a hold rating in a research note published on Tuesday.

Several other equities analysts also recently commented on POWI. TD Cowen cut their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, August 12th. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Power Integrations Price Performance

Shares of POWI stock opened at $62.36 on Tuesday. Power Integrations has a one year low of $56.63 and a one year high of $89.68. The stock has a fifty day moving average price of $62.68 and a 200 day moving average price of $68.33. The stock has a market cap of $3.54 billion, a P/E ratio of 83.15, a price-to-earnings-growth ratio of 5.15 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The company had revenue of $106.20 million during the quarter, compared to the consensus estimate of $105.02 million. During the same period last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was down 13.8% compared to the same quarter last year. Equities research analysts anticipate that Power Integrations will post 0.59 EPS for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, August 30th. Power Integrations’s dividend payout ratio is currently 106.67%.

Insiders Place Their Bets

In other news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the sale, the vice president now directly owns 51,899 shares of the company’s stock, valued at $3,420,144.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Power Integrations during the first quarter worth approximately $55,000. Mather Group LLC. lifted its holdings in Power Integrations by 22.8% in the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 161 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Power Integrations in the second quarter valued at approximately $63,000. Finally, Quest Partners LLC boosted its position in shares of Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 240 shares during the last quarter.

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.