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.
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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