Power Integrations (NASDAQ:POWI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Power Integrations (NASDAQ:POWI) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

Several other analysts also recently weighed in on the company. Susquehanna decreased their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. TD Cowen reduced their target price on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft dropped their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Trading Down 2.6 %

Power Integrations stock traded down $1.60 during midday trading on Thursday, hitting $60.51. The stock had a trading volume of 83,757 shares, compared to its average volume of 408,388. The firm’s fifty day moving average is $62.38 and its two-hundred day moving average is $67.95. The company has a market capitalization of $3.44 billion, a PE ratio of 94.11, a P/E/G ratio of 6.86 and a beta of 1.10. Power Integrations has a 52-week low of $56.63 and a 52-week high of $89.68.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. Power Integrations’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. As a group, equities research analysts predict that Power Integrations will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is currently 121.21%.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. This represents a 9.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sunil Gupta sold 2,127 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the sale, the vice president now owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,947 shares of company stock valued at $713,190 in the last three months. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Power Integrations

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted 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 valued at $26,000 after acquiring an additional 150 shares during the period. Mather Group LLC. raised its position in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Power Integrations in the 2nd quarter valued at about $63,000. Truvestments Capital LLC acquired a new stake in Power Integrations in the 3rd quarter valued at about $87,000. Finally, Quest Partners LLC raised its position in Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 240 shares in 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.