Power Integrations, Inc. (NASDAQ:POWI) Receives $87.40 Average Price Target from Brokerages

Shares of Power Integrations, Inc. (NASDAQ:POWIGet Free Report) have been given an average recommendation of “Moderate Buy” by the five research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $87.40.

POWI has been the topic of several recent analyst reports. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price on the stock in a report on Monday, February 26th. Finally, Benchmark reiterated a “buy” rating and issued a $90.00 target price on shares of Power Integrations in a report on Friday, June 7th.

View Our Latest Report on POWI

Insider Activity

In other news, VP Sunil Gupta sold 4,512 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $78.25, for a total value of $353,064.00. Following the sale, the vice president now directly owns 53,861 shares of the company’s stock, valued at approximately $4,214,623.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Sunil Gupta sold 4,512 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $78.25, for a total transaction of $353,064.00. Following the sale, the vice president now directly owns 53,861 shares of the company’s stock, valued at approximately $4,214,623.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sandeep Nayyar sold 1,946 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total transaction of $134,351.84. Following the sale, the chief financial officer now directly owns 95,037 shares in the company, valued at $6,561,354.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,682 shares of company stock valued at $3,339,465. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in Power Integrations during the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. grew its holdings in Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares in the last quarter. Mather Group LLC. acquired a new position in Power Integrations during the 1st quarter worth approximately $51,000. Fidelis Capital Partners LLC acquired a new position in Power Integrations during the 1st quarter worth approximately $55,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Power Integrations during the 3rd quarter worth approximately $65,000.

Power Integrations Trading Down 2.2 %

POWI opened at $74.33 on Friday. The firm has a market capitalization of $4.22 billion, a PE ratio of 80.79, a PEG ratio of 4.08 and a beta of 1.18. Power Integrations has a twelve month low of $62.13 and a twelve month high of $99.60. The firm’s 50-day moving average price is $72.15 and its 200 day moving average price is $74.78.

Power Integrations (NASDAQ:POWIGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share for the quarter. The firm had revenue of $91.69 million for the quarter, compared to analyst estimates of $89.98 million. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. As a group, analysts predict that Power Integrations will post 0.74 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, May 31st. Power Integrations’s dividend payout ratio (DPR) is 86.96%.

About Power Integrations

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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.

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Analyst Recommendations for Power Integrations (NASDAQ:POWI)

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