Power Integrations Given Average Recommendation of “Buy” by Analysts (NASDAQ:POWI)
Power Integrations (NASDAQ:POWI) has received an average rating of “Buy” from the nine ratings firms that are covering the company, Stock Ratings News reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $55.57.
Shares of Power Integrations (NASDAQ:POWI) traded up 0.54% during mid-day trading on Wednesday, hitting $56.26. 7,923 shares of the company’s stock traded hands. Power Integrations has a 1-year low of $38.07 and a 1-year high of $68.87. The stock has a 50-day moving average of $52.33 and a 200-day moving average of $57.46. The company has a market cap of $1.711 billion and a P/E ratio of 29.36.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.03. The company had revenue of $83.07 million for the quarter, compared to the consensus estimate of $89.53 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that Power Integrations will post $2.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Wednesday, May 28th.
In other Power Integrations news, VP Wolfgang Ademmer unloaded 1,500 shares of the stock on the open market in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $50.53, for a total transaction of $75,795.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Power Integrations in a research note on Friday, June 6th. They now have a $59.00 price target on the stock, up previously from $55.00. Separately, analysts at Zacks downgraded shares of Power Integrations from a “neutral” rating to an “underperform” rating in a research note on Monday, May 12th. They now have a $47.40 price target on the stock. Finally, analysts at Deutsche Bank upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $52.00 price target on the stock.
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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