Power Integrations Price Target Raised to $48.00 at Deutsche Bank (POWI)
Analysts at Deutsche Bank increased their target price on shares of Power Integrations (NASDAQ:POWI) from $46.00 to $48.00 in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential downside of 16.20% from the company’s current price.
Shares of Power Integrations (NASDAQ:POWI) traded up 11.38% during mid-day trading on Thursday, hitting $57.282. The stock had a trading volume of 1,229,083 shares. Power Integrations has a 52-week low of $27.20 and a 52-week high of $56.24. The stock’s 50-day moving average is $54.13 and its 200-day moving average is $48.13. The company’s market cap is $1.696 billion.
Power Integrations (NASDAQ:POWI) last released its earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.05. The company had revenue of $91.72 million for the quarter, compared to the consensus estimate of $91.77 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts predict that Power Integrations will post $2.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Tuesday, November 26th.
Separately, analysts at Zacks downgraded shares of Power Integrations from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $58.80 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.13.
Power Integrations, Inc, (NASDAQ:POWI) designs, develops, manufactures and markets high-voltage, analog and mixed-signal integrated-circuit (IC) products and high-voltage silicon diodes.
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