Stifel Nicolaus Issues Pessimistic Forecast for Power Integrations (NASDAQ:POWI) Stock Price

Power Integrations (NASDAQ:POWI) had its price target cut by equities researchers at Stifel Nicolaus from $80.00 to $72.00 in a report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 34.83% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Zacks Research cut Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Williams Trading set a $80.00 price target on Power Integrations 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 research report on Wednesday, August 19th. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Needham & Company LLC cut their price objective on Power Integrations from $90.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.33.

Power Integrations Trading Down 1.8%

Power Integrations stock opened at $53.40 on Monday. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 118.67 and a beta of 1.54. The company’s 50-day moving average price is $54.63 and its two-hundred day moving average price is $64.17. Power Integrations has a 52 week low of $30.86 and a 52 week high of $91.18.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $118.94 million during the quarter, compared to analyst estimates of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. Research analysts expect that Power Integrations will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of Power Integrations

Large investors have recently added to or reduced their stakes in the business. Cim Investment Management Inc. lifted its position 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 valued at $433,000 after acquiring an additional 357 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Power Integrations during the 2nd quarter worth $204,000. Tidal Investments LLC grew its holdings in shares of Power Integrations by 33.6% in the 2nd quarter. Tidal Investments LLC now owns 14,258 shares of the semiconductor company’s stock worth $1,194,000 after acquiring an additional 3,582 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Power Integrations in the 2nd quarter worth $815,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of Power Integrations during the second quarter worth $263,000.

About Power Integrations

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.