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

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

Several equities analysts have recently weighed in on POWI shares. Benchmark restated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

Power Integrations Price Performance

Shares of POWI stock opened at $57.25 on Friday. The stock has a 50 day simple moving average of $60.90 and a 200-day simple moving average of $62.22. Power Integrations has a 1-year low of $54.55 and a 1-year high of $79.13. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 100.44, a PEG ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) 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 4.48%. Analysts anticipate that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is currently 147.37%.

Insider Transactions at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the transaction, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at $36,384,121.28. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the completion of the sale, the vice president now directly owns 142,145 shares in the company, valued at $8,635,308.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,544 shares of company stock valued at $2,433,105. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

A number of hedge funds and other institutional investors have recently modified their holdings of POWI. Smartleaf Asset Management LLC grew its stake in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 534 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Power Integrations during the fourth quarter worth approximately $51,000.

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.