Power Integrations Given New $66.00 Price Target at Stifel Nicolaus (POWI)
Analysts at Stifel Nicolaus lifted their target price on shares of Power Integrations (NASDAQ:POWI) from $64.00 to $66.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 14.70% from the company’s current price.
Shares of Power Integrations (NASDAQ:POWI) opened at 57.54 on Tuesday. 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 $53.69 and a 200-day moving average of $57.88. The company has a market cap of $1.750 billion and a P/E ratio of 29.98.
Power Integrations (NASDAQ:POWI) last announced its earnings results on Tuesday, April 29th. The company reported $0.56 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.47 earnings per share. Power Integrations’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Power Integrations will post $2.41 EPS for the current fiscal year.
A number of other firms have also recently commented on POWI. 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Power Integrations has a consensus rating of “Buy” and an average target price of $55.57.
In other Power Integrations news, CFO Sandeep Nayyar unloaded 2,900 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $56.97, for a total transaction of $165,213.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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