Power Integrations Lowered to Neutral at Sidoti (POWI)
Power Integrations (NASDAQ:POWI) was downgraded by equities researchers at Sidoti from a “buy” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on POWI. Analysts at Stifel Nicolaus raised their price target on shares of Power Integrations from $58.00 to $62.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee cut their price target on shares of Power Integrations from $62.00 to $60.00 in a research note to investors on Thursday, October 31st. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Power Integrations from $46.00 to $48.00 in a research note to investors on Thursday, October 31st. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $54.80.
Power Integrations (NASDAQ:POWI) opened at 58.26 on Thursday. Power Integrations has a 52 week low of $35.37 and a 52 week high of $60.30. The stock has a 50-day moving average of $54.74 and a 200-day moving average of $53.20. The company has a market cap of $1.743 billion and a P/E ratio of 34.65.
Power Integrations (NASDAQ:POWI) last released its earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.49 earnings per share. Power Integrations’s revenue was up 17.5% compared to the same quarter last year. Analysts expect that Power Integrations will post $2.41 EPS for the current fiscal year.
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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