Power Integrations, Inc. (NASDAQ:POWI) Receives $78.00 Consensus Target Price from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $78.00.

A number of analysts recently weighed in on POWI shares. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Finally, Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, November 8th.

Power Integrations Stock Performance

Shares of POWI opened at $63.00 on Tuesday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 95.46, a P/E/G ratio of 7.01 and a beta of 1.12. Power Integrations has a 1 year low of $56.63 and a 1 year high of $85.00. The company’s fifty day moving average is $63.77 and its two-hundred day moving average is $65.65.

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

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.21 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.33%. Power Integrations’s payout ratio is presently 127.27%.

Insider Transactions at Power Integrations

In related news, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the sale, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the sale, the vice president now owns 130,934 shares in the company, valued at $8,426,912.24. This trade represents a 7.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,655 shares of company stock valued at $1,205,566. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Several hedge funds have recently bought and sold shares of POWI. Wellington Management Group LLP lifted its position in Power Integrations by 25.6% during the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after purchasing an additional 476,986 shares during the period. Copeland Capital Management LLC increased its stake in shares of Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after acquiring an additional 213,392 shares in the last quarter. M&G PLC bought a new stake in Power Integrations during the 3rd quarter valued at $9,820,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Power Integrations by 40.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company’s stock valued at $32,110,000 after purchasing an additional 131,735 shares in the last quarter. Finally, Barclays PLC increased its stake in Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock valued at $11,591,000 after buying an additional 114,644 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.