Stifel Nicolaus Has Lowered Expectations for Power Integrations (NASDAQ:POWI) Stock Price

Power Integrations (NASDAQ:POWI) had its target price reduced by analysts at Stifel Nicolaus from $95.00 to $80.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 27.12% from the stock’s current price.

A number of other analysts also recently issued reports on POWI. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research report on Friday, May 8th. Williams Trading set a $80.00 target price on shares of Power Integrations in a research report on Thursday. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Susquehanna increased their price objective on Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.67.

Power Integrations Trading Up 1.6%

Shares of Power Integrations stock traded up $0.98 during trading on Thursday, hitting $62.93. The stock had a trading volume of 72,297 shares, compared to its average volume of 1,016,429. Power Integrations has a 12 month low of $30.86 and a 12 month high of $91.18. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 207.75 and a beta of 1.58. The business’s 50-day moving average is $74.56 and its 200 day moving average is $61.89.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The company had revenue of $118.94 million during the quarter, compared to analyst estimates of $117.44 million. During the same quarter last year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities analysts expect that Power Integrations will post 0.76 EPS for the current year.

Insider Buying and Selling

In other Power Integrations news, Director Nicholas Brathwaite sold 6,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director owned 30,609 shares in the company, valued at approximately $2,216,397.69. The trade was a 18.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sunil Gupta sold 15,894 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $82.18, for a total value of $1,306,168.92. Following the sale, the vice president directly owned 71,239 shares of the company’s stock, valued at approximately $5,854,421.02. This trade represents a 18.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 334,772 shares of company stock worth $27,322,535 in the last ninety days. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Power Integrations

Several hedge funds have recently made changes to their positions in POWI. Snyder Capital Management L P lifted its holdings in Power Integrations by 148.8% in the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock worth $73,380,000 after buying an additional 1,234,981 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Power Integrations by 1,885.7% during 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 acquiring an additional 895,857 shares during the period. M&T Bank Corp grew its holdings in shares of Power Integrations by 3,635.7% during the 4th 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 during the period. Wellington Management Group LLP raised its position in shares of Power Integrations by 35.7% in the 3rd 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 boosted its position in shares of 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 purchasing an additional 518,284 shares in the last quarter.

Power Integrations News Roundup

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Q2 results exceeded expectations. Power Integrations reported earnings of $0.37 per share, above the $0.32 consensus estimate, while revenue of $118.94 million topped the $117.44 million forecast. Revenue increased 2.6% year over year, and earnings rose from $0.35 per share in the prior-year quarter. Power Integrations Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Inventory conditions improved. Reports on the earnings release highlighted better inventory levels, which could support operating performance and future sales if end-market demand strengthens. Power Integrations Q2 Beats on Revenue, Inventory Levels Improve
• Positive Sentiment: New high-voltage GaN technology adds a potential growth catalyst. The company demonstrated what it called the world’s first 2,200-volt gallium-nitride technology for next-generation high-voltage power systems. Power Integrations Demonstrates 2200 V GaN Technology
• Positive Sentiment: Power Integrations declared a quarterly dividend of $0.215 per share, payable September 30 to shareholders of record August 31. The annualized yield is approximately 1.4%.
• Neutral Sentiment: Third-quarter revenue guidance is $122 million to $130 million, compared with the $125.6 million analyst consensus. The midpoint is broadly in line with expectations, but the range signals limited near-term growth visibility.
• Negative Sentiment: Needham lowered its price target from $90 to $80, although it maintained a Buy rating. The reduction may weigh on sentiment, particularly given Power Integrations’ elevated valuation and modest revenue growth. Power Integrations Price Target Lowered at Needham

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.