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International Rectifier Corp. (NYSE:IRF)‘s stock had its “average” rating reissued by stock analysts at S&P Equity Research in a report issued on Thursday. They currently have a $21.25 price target on the stock, up from their previous price target of $19.14. S&P Equity Research’s price target indicates a potential downside of 45.65% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs upgraded shares of International Rectifier Corp. from a “sell” rating to a “neutral” rating in a research note on Thursday. They now have a $31.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of International Rectifier Corp. from $28.00 to $40.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Raymond James downgraded shares of International Rectifier Corp. from a “strong-buy” rating to a “market perform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. International Rectifier Corp. currently has an average rating of “Hold” and a consensus target price of $30.88.

International Rectifier Corp. (NYSE:IRF) traded up 0.05% during mid-day trading on Thursday, hitting $39.12. The stock had a trading volume of 9,281,199 shares. International Rectifier Corp. has a one year low of $22.78 and a one year high of $39.50. The stock has a 50-day moving average of $27.02 and a 200-day moving average of $26.75. The company has a market cap of $2.788 billion and a P/E ratio of 70.32.

International Rectifier Corp. (NYSE:IRF) last released its earnings data on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $297.60 million for the quarter. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that International Rectifier Corp. will post $1.52 EPS for the current fiscal year.

International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.

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