Power Integrations (NASDAQ:POWI) Cut to “Market Perform” at Northland Securities

Northland Securities lowered shares of Power Integrations (NASDAQ:POWIGet Rating) from an outperform rating to a market perform rating in a report issued on Monday, MarketBeat Ratings reports. They currently have $66.00 price objective on the semiconductor company’s stock.

Several other brokerages have also recently weighed in on POWI. Benchmark dropped their price objective on Power Integrations from $95.00 to $90.00 in a report on Monday, September 12th. Cowen cut Power Integrations from an outperform rating to a market perform rating and dropped their price objective for the stock from $90.00 to $65.00 in a report on Thursday, November 3rd. Susquehanna dropped their price objective on Power Integrations from $105.00 to $98.00 and set a positive rating for the company in a report on Friday, August 5th. Susquehanna Bancshares dropped their price objective on Power Integrations from $105.00 to $98.00 and set a positive rating for the company in a report on Friday, August 5th. Finally, TheStreet cut Power Integrations from an a- rating to a c rating in a report on Friday, November 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Power Integrations has a consensus rating of Hold and a consensus price target of $78.86.

Power Integrations Stock Up 2.4 %

Power Integrations stock opened at $78.35 on Monday. The stock has a 50-day simple moving average of $68.78 and a 200 day simple moving average of $74.59. Power Integrations has a 12-month low of $59.16 and a 12-month high of $105.56. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 24.56 and a beta of 1.08.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.72 annualized dividend and a dividend yield of 0.92%. Power Integrations’s payout ratio is currently 22.57%.

Insider Transactions at Power Integrations

In other news, VP David Mh Matthews sold 5,948 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $78.29, for a total transaction of $465,668.92. Following the completion of the transaction, the vice president now directly owns 106,233 shares in the company, valued at approximately $8,316,981.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Several institutional investors and hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC grew its position in shares of Power Integrations by 2.3% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 6,022 shares of the semiconductor company’s stock valued at $452,000 after purchasing an additional 136 shares during the period. Quadrant Capital Group LLC boosted its position in Power Integrations by 46.1% during the 1st quarter. Quadrant Capital Group LLC now owns 510 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 161 shares during the last quarter. Van ECK Associates Corp boosted its position in Power Integrations by 9.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,820 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 164 shares during the last quarter. Yousif Capital Management LLC boosted its position in Power Integrations by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 32,170 shares of the semiconductor company’s stock worth $2,982,000 after acquiring an additional 170 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Power Integrations by 164.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 293 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 182 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Power Integrations Company Profile

(Get Rating)

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.

Read More

Analyst Recommendations for Power Integrations (NASDAQ:POWI)

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.