Power Integrations (NASDAQ:POWI) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Power Integrations (NASDAQ:POWI) from a sell rating to a hold rating in a report issued on Tuesday.

Several other analysts have also recently commented on POWI. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Susquehanna decreased their target price on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating for the company in a research note on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Wednesday, September 11th. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 target price (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Power Integrations Stock Up 0.5 %

Shares of NASDAQ:POWI opened at $62.42 on Tuesday. The company’s fifty day moving average is $62.67 and its two-hundred day moving average is $68.25. The company has a market cap of $3.54 billion, a P/E ratio of 67.85, a price-to-earnings-growth ratio of 5.01 and a beta of 1.10. Power Integrations has a 12-month low of $56.63 and a 12-month high of $89.68.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The firm had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Power Integrations’s quarterly revenue was down 13.8% on a year-over-year basis. Equities research analysts anticipate that Power Integrations will post 0.59 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations’s dividend payout ratio is presently 86.96%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the sale, the vice president now owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Power Integrations by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock worth $467,119,000 after acquiring an additional 105,034 shares during the period. Capital International Investors increased its stake in shares of Power Integrations by 6.5% in the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company’s stock worth $94,227,000 after purchasing an additional 80,775 shares during the period. Copeland Capital Management LLC lifted its position in shares of Power Integrations by 21.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after purchasing an additional 213,392 shares during the last quarter. Ceredex Value Advisors LLC boosted its stake in Power Integrations by 4.8% during the 2nd quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company’s stock valued at $53,083,000 after purchasing an additional 34,400 shares during the period. Finally, Millennium Management LLC grew its holdings in Power Integrations by 23.4% in the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock valued at $41,634,000 after buying an additional 112,595 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.