Analysts Set Power Integrations, Inc. (NASDAQ:POWI) PT at $78.00

Power Integrations, Inc. (NASDAQ:POWI) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $78.00.

Several research analysts recently commented on POWI shares. Susquehanna cut their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised Power Integrations from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th.

Insider Activity

In other news, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the sale, the vice president now directly owns 130,934 shares of the company’s stock, valued at approximately $8,426,912.24. This represents a 7.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,151 shares of company stock worth $2,389,936. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its position in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 205 shares during the period. MML Investors Services LLC lifted its position in Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 207 shares during the last quarter. Snowden Capital Advisors LLC boosted its stake in Power Integrations by 1.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock valued at $748,000 after purchasing an additional 211 shares during the period. Finally, Pacer Advisors Inc. grew its position in Power Integrations by 2.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 230 shares during the last quarter.

Power Integrations Stock Up 3.7 %

POWI opened at $61.81 on Wednesday. The firm’s 50 day moving average is $61.78 and its 200-day moving average is $62.62. Power Integrations has a 52-week low of $56.63 and a 52-week high of $79.13. The firm has a market capitalization of $3.52 billion, a P/E ratio of 108.44, a P/E/G ratio of 3.96 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. Equities analysts expect that Power Integrations will post 0.9 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is presently 147.37%.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.