Shares of Power Integrations, Inc. (NASDAQ:POWI) have earned an average recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $86.80.
POWI has been the subject of several analyst reports. Loop Capital upped their price target on shares of Power Integrations from $70.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Northland Securities raised their price target on Power Integrations from $65.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 3rd. Cowen boosted their price objective on Power Integrations from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Finally, Zacks Investment Research downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, February 9th.
In other news, CFO Sandeep Nayyar sold 1,890 shares of Power Integrations stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $84.48, for a total transaction of $159,667.20. Following the sale, the chief financial officer now owns 76,057 shares of the company’s stock, valued at approximately $6,425,295.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 13,017 shares of the business’s stock in a transaction dated Wednesday, February 3rd. The shares were sold at an average price of $81.26, for a total transaction of $1,057,761.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,707 shares of company stock valued at $7,526,369. 2.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of POWI. California State Teachers Retirement System raised its position in shares of Power Integrations by 101.0% in the 3rd quarter. California State Teachers Retirement System now owns 89,316 shares of the semiconductor company’s stock worth $4,948,000 after acquiring an additional 44,870 shares in the last quarter. ETF Managers Group LLC raised its holdings in Power Integrations by 9.7% in the fourth quarter. ETF Managers Group LLC now owns 6,304 shares of the semiconductor company’s stock worth $511,000 after purchasing an additional 560 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Power Integrations during the fourth quarter valued at $28,651,000. Profund Advisors LLC boosted its holdings in shares of Power Integrations by 29.0% during the 4th quarter. Profund Advisors LLC now owns 10,313 shares of the semiconductor company’s stock valued at $844,000 after buying an additional 2,319 shares in the last quarter. Finally, Scout Investments Inc. grew its position in shares of Power Integrations by 2.9% in the 4th quarter. Scout Investments Inc. now owns 121,119 shares of the semiconductor company’s stock worth $9,915,000 after buying an additional 3,400 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:POWI opened at $82.71 on Friday. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 24.58 and a beta of 0.98. The business has a 50 day moving average of $83.02 and a 200 day moving average of $77.69. Power Integrations has a 1-year low of $43.46 and a 1-year high of $99.05.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Tuesday, February 2nd. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.16. Power Integrations had a net margin of 44.72% and a return on equity of 8.34%. The firm had revenue of $150.69 million during the quarter, compared to analyst estimates of $129.88 million. During the same period in the previous year, the business posted $0.41 EPS. The business’s quarterly revenue was up 31.7% on a year-over-year basis. On average, research analysts anticipate that Power Integrations will post 1.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, February 26th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, February 25th. This is a boost from Power Integrations’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 0.63%. Power Integrations’s payout ratio is 58.43%.
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 offers 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 other consumer and industrial applications.
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