Power Integrations, Inc. (NASDAQ:POWI) Stock Has Average Price Target of $71.33

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $71.33.

A number of brokerages have recently issued reports on POWI. Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Needham & Company LLC cut their price objective on Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings upgraded Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Zacks Research downgraded shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Stifel Nicolaus lowered their price target on shares of Power Integrations from $80.00 to $72.00 and set a “buy” rating for the company in a report on Monday, October 5th.

Power Integrations Stock Down 0.9%

Shares of POWI stock opened at $46.70 on Wednesday. The business has a fifty day simple moving average of $53.45 and a 200 day simple moving average of $64.18. The company has a market cap of $2.61 billion, a P/E ratio of 103.78 and a beta of 1.54. Power Integrations has a twelve month low of $30.86 and a twelve month high of $91.18.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $118.94 million for the quarter, compared to analysts’ expectations of $117.44 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. As a group, equities research analysts anticipate that Power Integrations will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Power Integrations

Several large investors have recently modified their holdings of POWI. GAMMA Investing LLC boosted its position in shares of Power Integrations by 38.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,616 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 731 shares in the last quarter. Cim Investment Management Inc. boosted its holdings in shares of Power Integrations by 7.4% during the 2nd quarter. Cim Investment Management Inc. now owns 5,168 shares of the semiconductor company’s stock worth $433,000 after buying an additional 357 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Power Integrations during the 2nd quarter worth approximately $204,000. Tidal Investments LLC grew its position in shares of Power Integrations by 33.6% during the 2nd quarter. Tidal Investments LLC now owns 14,258 shares of the semiconductor company’s stock worth $1,194,000 after buying an additional 3,582 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Power Integrations during the 2nd quarter worth approximately $815,000.

Power Integrations Company Profile

Power Integrations, Inc is a semiconductor company that designs and manufactures high-performance power-conversion technologies. Its products are used to convert and manage electrical power in applications such as consumer electronics, appliances, industrial equipment, communications systems, renewable-energy installations and automotive systems.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor-correction systems, high-voltage gate drivers and motor-drive applications.