Power Integrations (NASDAQ:POWI) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Power Integrations (NASDAQ:POWI – Get Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the semiconductor company’s stock.

Several other research analysts have also commented on the stock. Cowen raised their price target on shares of Power Integrations from $65.00 to $85.00 and gave the company a market perform rating in a report on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the company a hold rating in a research note on Tuesday, February 7th. Benchmark lifted their price objective on shares of Power Integrations from $75.00 to $95.00 and gave the company a buy rating in a research note on Wednesday, February 8th. Finally, Northland Securities lowered shares of Power Integrations from an outperform rating to a market perform rating and set a $66.00 price objective on the stock. in a research note on Monday, November 21st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Power Integrations currently has a consensus rating of Hold and a consensus target price of $83.14.

Power Integrations Stock Down 0.8 %

POWI opened at $84.13 on Thursday. The firm has a market cap of $4.79 billion, a P/E ratio of 28.71 and a beta of 1.19. Power Integrations has a 52 week low of $59.16 and a 52 week high of $98.92. The business’s fifty day simple moving average is $83.69 and its 200 day simple moving average is $75.21.

Power Integrations (NASDAQ:POWI – Get Rating) last released its earnings results on Monday, February 6th. The semiconductor company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $124.80 million for the quarter, compared to the consensus estimate of $125.55 million. Power Integrations had a return on equity of 22.72% and a net margin of 26.24%. The firm’s revenue for the quarter was down 27.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. As a group, equities analysts expect that Power Integrations will post 1.56 EPS for the current fiscal year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.18. Power Integrations’s payout ratio is 25.94%.

Insiders Place Their Bets

In other news, VP Doug Bailey sold 549 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $89.52, for a total transaction of $49,146.48. Following the completion of the transaction, the vice president now owns 110,131 shares of the company’s stock, valued at $9,858,927.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Power Integrations news, VP Doug Bailey sold 549 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $89.52, for a total value of $49,146.48. Following the sale, the vice president now directly owns 110,131 shares in the company, valued at $9,858,927.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sandeep Nayyar sold 1,103 shares of the business’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $89.78, for a total transaction of $99,027.34. Following the completion of the sale, the chief financial officer now owns 79,344 shares in the company, valued at $7,123,504.32. The disclosure for this sale can be found here. Insiders sold a total of 43,499 shares of company stock valued at $3,651,059 over the last 90 days. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Power Integrations

Large investors have recently made changes to their positions in the company. Macquarie Group Ltd. lifted its holdings in shares of Power Integrations by 108.2% during the second quarter. Macquarie Group Ltd. now owns 1,122,553 shares of the semiconductor company’s stock worth $84,202,000 after buying an additional 583,352 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Power Integrations by 30.7% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,402,973 shares of the semiconductor company’s stock valued at $154,559,000 after acquiring an additional 564,838 shares during the last quarter. Morgan Stanley raised its position in shares of Power Integrations by 109.7% during the fourth quarter. Morgan Stanley now owns 1,024,483 shares of the semiconductor company’s stock worth $73,476,000 after purchasing an additional 535,900 shares during the period. JPMorgan Chase & Co. raised its position in Power Integrations by 23.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,717,189 shares of the semiconductor company’s stock valued at $194,876,000 after buying an additional 514,149 shares during the last quarter. Finally, Norges Bank acquired a new stake in Power Integrations in the 4th quarter valued at approximately $35,392,000. Institutional investors own 99.00% of the company’s stock.

About Power Integrations

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Power Integrations, Inc designs and develops mixed-signal integrated circuits and other electronic components and circuitry used in high-voltage power conversion. Its products include AC-DC Conversion, LED Drivers, Gate Drivers, Motor Drivers, and Automotive Solutions. The company was founded by Klas Eklund, Art Fury and Steven J.