Power Integrations, Inc. (NASDAQ:POWI) Receives Average Rating of “Hold” from Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $76.20.

A number of equities research analysts recently issued reports on POWI shares. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research note on Monday, April 6th. Needham & Company LLC started coverage on Power Integrations in a research note on Wednesday, June 10th. They issued a “buy” rating and a $90.00 target price on the stock. Susquehanna lifted their target price on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Stifel Nicolaus upped their price target on shares of Power Integrations from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $70.87 on Friday. The company has a market cap of $3.95 billion, a P/E ratio of 236.24, a PEG ratio of 3.71 and a beta of 1.57. Power Integrations has a 1 year low of $30.86 and a 1 year high of $91.18. The firm has a 50-day simple moving average of $76.77 and a two-hundred day simple moving average of $60.60.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $108.31 million during the quarter, compared to analyst estimates 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 for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, equities research analysts expect that Power Integrations will post 0.76 EPS for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were issued a $0.215 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. Power Integrations’s payout ratio is presently 286.67%.

Insider Buying and Selling

In other news, Director Nicholas Brathwaite sold 6,895 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total transaction of $499,266.95. Following the transaction, the director owned 30,609 shares of the company’s stock, valued at approximately $2,216,397.69. This represents a 18.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Balu Balakrishnan sold 124,287 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $24,161,363.04. This represents a 30.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 334,772 shares of company stock valued at $27,322,535 over the last quarter. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in POWI. Snyder Capital Management L P increased its position in Power Integrations by 148.8% during the 4th 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 during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Power Integrations by 1,885.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after purchasing an additional 895,857 shares during the period. M&T Bank Corp boosted its stake in shares of Power Integrations by 3,635.7% during the fourth quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock valued at $26,604,000 after purchasing an additional 728,517 shares in the last quarter. Wellington Management Group LLP increased its holdings in Power Integrations by 35.7% during the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock valued at $90,926,000 after buying an additional 595,404 shares during the period. Finally, State Street Corp increased its holdings in Power Integrations by 18.0% during the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after buying an additional 518,284 shares during the period.

Power Integrations Company Profile

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.