Power Integrations (NASDAQ:POWI) Upgraded by Needham & Company LLC to Moderate Buy Rating

Power Integrations (NASDAQ:POWI) was upgraded by equities research analysts at Needham & Company LLC to a “moderate buy” rating in a research report issued on Wednesday,Zacks.com reports.

POWI has been the topic of several other research reports. Benchmark lifted their price target on shares of 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 cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a report on Monday, April 6th. Stifel Nicolaus lifted their target price on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.60.

Power Integrations Trading Down 0.1%

POWI stock opened at $74.63 on Wednesday. The stock has a market capitalization of $4.16 billion, a PE ratio of 248.77, a price-to-earnings-growth ratio of 3.25 and a beta of 1.57. Power Integrations has a 12-month low of $30.86 and a 12-month high of $89.00. The stock’s 50 day simple moving average is $68.76 and its 200 day simple moving average is $51.76.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. On average, research analysts predict that Power Integrations will post 0.89 earnings per share for the current year.

Insiders Place Their Bets

In other Power Integrations news, VP Sunil Gupta sold 6,860 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $83.67, for a total transaction of $573,976.20. Following the completion of the transaction, the vice president owned 64,379 shares of the company’s stock, valued at $5,386,590.93. This represents a 9.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Balu Balakrishnan sold 124,287 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the transaction, the director owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 335,085 shares of company stock worth $27,338,789 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in POWI. Snyder Capital Management L P grew its position in shares of Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after purchasing an additional 1,234,981 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Power Integrations by 1,885.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after acquiring an additional 895,857 shares in the last quarter. M&T Bank Corp grew its position in Power Integrations by 3,635.7% in the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after acquiring an additional 728,517 shares in the last quarter. Wellington Management Group LLP grew its position in Power Integrations by 35.7% in the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock worth $90,926,000 after acquiring an additional 595,404 shares in the last quarter. Finally, State Street Corp grew its position in Power Integrations by 18.0% in the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock worth $120,870,000 after acquiring an additional 518,284 shares in the last quarter.

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.