Power Integrations (NASDAQ:POWI) Stock Rating Upgraded by StockNews.com

Power Integrations (NASDAQ:POWI) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other equities research analysts have also recently commented on the company. Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday. Susquehanna cut 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. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Price Performance

Shares of POWI stock traded up $0.48 during trading hours on Tuesday, hitting $58.34. The stock had a trading volume of 369,370 shares, compared to its average volume of 464,369. The firm has a market capitalization of $3.32 billion, a PE ratio of 102.35, a PEG ratio of 3.96 and a beta of 1.11. Power Integrations has a twelve month low of $56.63 and a twelve month high of $81.50. The stock’s 50 day moving average is $62.14 and its 200 day moving average is $62.95.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.49%. As a group, equities analysts predict that Power Integrations will post 0.9 earnings per share for the current year.

Insider Activity

In related news, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 130,934 shares of the company’s stock, valued at $8,426,912.24. The trade was a 7.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,151 shares of company stock worth $2,389,936 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Power Integrations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in shares of Power Integrations by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock worth $410,000 after purchasing an additional 536 shares during the period. Inspire Investing LLC raised its position in shares of Power Integrations by 27.5% in the 3rd quarter. Inspire Investing LLC now owns 7,177 shares of the semiconductor company’s stock valued at $460,000 after purchasing an additional 1,548 shares in the last quarter. Creative Planning raised its position in shares of Power Integrations by 19.5% in the 3rd quarter. Creative Planning now owns 14,889 shares of the semiconductor company’s stock valued at $955,000 after purchasing an additional 2,430 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Power Integrations by 5.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 382,273 shares of the semiconductor company’s stock valued at $24,511,000 after purchasing an additional 18,827 shares in the last quarter. Finally, Heritage Family Offices LLP acquired a new position in shares of Power Integrations in the 3rd quarter valued at approximately $202,000.

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.