Stifel Nicolaus Increases Power Integrations (NASDAQ:POWI) Price Target to $62.00

Power Integrations (NASDAQ:POWI) had its target price upped by equities research analysts at Stifel Nicolaus from $56.00 to $62.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 5.71% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Benchmark upped their target price on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Susquehanna upped their target price on Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.50.

Power Integrations Price Performance

Shares of POWI stock opened at $58.65 on Thursday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 150.39, a PEG ratio of 4.26 and a beta of 1.30. The stock has a 50 day simple moving average of $49.12 and a 200-day simple moving average of $42.80. Power Integrations has a 1-year low of $30.86 and a 1-year high of $60.12.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $103.20 million during the quarter, compared to the consensus estimate of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS. Analysts anticipate that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Gagan Jain sold 3,481 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the transaction, the vice president directly owned 30,769 shares in the company, valued at approximately $1,483,681.18. This represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Balu Balakrishnan sold 10,080 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $44.75, for a total value of $451,080.00. Following the transaction, the director owned 575,331 shares of the company’s stock, valued at approximately $25,746,062.25. This represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 41,831 shares of company stock valued at $1,936,896. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Power Integrations

A number of hedge funds have recently modified their holdings of POWI. Baird Financial Group Inc. grew its holdings in shares of Power Integrations by 5.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 261 shares during the period. Royal Bank of Canada grew its holdings in shares of Power Integrations by 5.0% during the 1st quarter. Royal Bank of Canada now owns 75,792 shares of the semiconductor company’s stock worth $3,827,000 after purchasing an additional 3,622 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Power Integrations by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,680 shares of the semiconductor company’s stock worth $1,701,000 after purchasing an additional 1,461 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Power Integrations by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 572,360 shares of the semiconductor company’s stock worth $28,904,000 after purchasing an additional 74,107 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Power Integrations by 15.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 174,754 shares of the semiconductor company’s stock worth $8,825,000 after purchasing an additional 23,389 shares during the period.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.