Power Integrations Inc (NASDAQ:POWI) Receives $99.75 Average Target Price from Analysts

Shares of Power Integrations Inc (NASDAQ:POWI) have been given an average recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $99.75.

Several equities analysts recently commented on POWI shares. BidaskClub upgraded Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Stifel Nicolaus lifted their price objective on Power Integrations from $105.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Investment Research downgraded Power Integrations from a “hold” rating to a “sell” rating in a research report on Thursday, May 28th. Loop Capital reiterated a “buy” rating and issued a $117.00 price objective on shares of Power Integrations in a research report on Monday, May 18th. Finally, Deutsche Bank lifted their price objective on Power Integrations from $90.00 to $93.00 and gave the company a “hold” rating in a research report on Friday, May 8th.

In other news, VP Doug Bailey sold 500 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $121.00, for a total transaction of $60,500.00. Following the completion of the sale, the vice president now owns 59,861 shares in the company, valued at $7,243,181. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Balu Balakrishnan sold 24,455 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $109.25, for a total value of $2,671,708.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,167 shares of company stock valued at $8,090,842. 2.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Private Capital Group LLC grew its stake in shares of Power Integrations by 141.3% during the first quarter. Private Capital Group LLC now owns 444 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 260 shares during the period. NWK Group Inc. acquired a new stake in shares of Power Integrations during the first quarter worth $42,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Power Integrations during the first quarter worth $56,000. Cognios Capital LLC acquired a new stake in shares of Power Integrations during the first quarter worth $69,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Power Integrations during the first quarter worth $94,000. Institutional investors own 98.17% of the company’s stock.

Shares of Power Integrations stock traded down $4.95 during midday trading on Friday, hitting $116.49. 560,240 shares of the company were exchanged, compared to its average volume of 194,940. The firm has a market cap of $3.62 billion, a P/E ratio of 57.56 and a beta of 1.06. Power Integrations has a 52 week low of $75.24 and a 52 week high of $122.45. The firm has a 50 day simple moving average of $111.48 and a 200-day simple moving average of $99.70.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.10. The business had revenue of $109.70 million during the quarter, compared to the consensus estimate of $106.74 million. Power Integrations had a return on equity of 9.81% and a net margin of 45.82%. Power Integrations’s revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. As a group, sell-side analysts anticipate that Power Integrations will post 1.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $0.21 dividend. This is an increase from Power Integrations’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, May 28th. This represents a $0.84 annualized dividend and a yield of 0.72%. Power Integrations’s payout ratio is presently 47.19%.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.

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