Analysts Set Power Integrations, Inc. (NASDAQ:POWI) PT at $78.50

Shares of Power Integrations, Inc. (NASDAQ:POWI) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research 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 1-year price objective among analysts that have issued a report on the stock in the last year is $78.50.

A number of equities research analysts have recently weighed in on POWI shares. Benchmark reiterated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Wednesday, September 11th. Susquehanna cut their target price on Power Integrations from $95.00 to $80.00 and set a “positive” rating for the company in a research report on Thursday, August 8th. TD Cowen reduced their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, August 16th.

Power Integrations Trading Up 3.3 %

Shares of POWI opened at $61.46 on Friday. The company’s fifty day simple moving average is $65.79 and its 200 day simple moving average is $69.69. Power Integrations has a 1-year low of $56.63 and a 1-year high of $89.68. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 66.80, a PEG ratio of 4.62 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The firm’s revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. As a group, research analysts forecast that Power Integrations will post 0.6 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.30%. Power Integrations’s payout ratio is 86.96%.

Insider Buying and Selling at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the company’s 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 in the company, valued at approximately $3,420,144.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

Several institutional investors and hedge funds have recently made changes to their positions in POWI. GAMMA Investing LLC boosted its position in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 150 shares during the period. Mather Group LLC. purchased a new stake in Power Integrations during the 1st quarter valued at about $51,000. Fidelis Capital Partners LLC bought a new position in Power Integrations during the 1st quarter worth approximately $55,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Power Integrations in the 2nd quarter worth approximately $63,000. Finally, Quest Partners LLC lifted its position in Power Integrations by 23.5% in the second 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 during the last quarter.

Power Integrations Company Profile

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.