Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $81.33.

A number of analysts recently weighed in on POWI shares. Sidoti started coverage on shares of Power Integrations in a report on Monday, April 17th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Friday, May 5th. BidaskClub cut shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Finally, Stifel Nicolaus restated a “buy” rating and set a $82.00 target price (up from $75.00) on shares of Power Integrations in a report on Friday, June 30th.

In related news, insider Balu Balakrishnan sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $75.00, for a total value of $3,750,000.00. Following the completion of the sale, the insider now owns 319,576 shares in the company, valued at approximately $23,968,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David Mh Matthews sold 776 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $67.04, for a total transaction of $52,023.04. Following the completion of the sale, the vice president now owns 44,405 shares of the company’s stock, valued at approximately $2,976,911.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,981 shares of company stock valued at $10,093,383. 4.30% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Guggenheim Capital LLC increased its stake in shares of Power Integrations by 14.8% in the fourth quarter. Guggenheim Capital LLC now owns 10,413 shares of the semiconductor company’s stock valued at $707,000 after buying an additional 1,343 shares during the period. Norges Bank purchased a new stake in shares of Power Integrations during the fourth quarter valued at approximately $19,531,000. Teachers Advisors LLC increased its stake in shares of Power Integrations by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 195,850 shares of the semiconductor company’s stock valued at $13,288,000 after buying an additional 11,622 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Power Integrations by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the semiconductor company’s stock valued at $789,000 after buying an additional 300 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Power Integrations by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the semiconductor company’s stock valued at $213,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 95.92% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/08/05/power-integrations-inc-powi-receives-average-rating-of-buy-from-analysts.html.

Shares of Power Integrations (POWI) traded down 0.64% on Friday, hitting $69.45. The company had a trading volume of 147,344 shares. The company has a 50-day moving average of $72.88 and a 200 day moving average of $67.80. Power Integrations has a 12 month low of $53.50 and a 12 month high of $82.80. The stock has a market cap of $2.07 billion, a PE ratio of 38.60 and a beta of 1.23.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $107.56 million during the quarter, compared to analysts’ expectations of $107.85 million. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Analysts anticipate that Power Integrations will post $2.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a $0.14 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.81%. Power Integrations’s dividend payout ratio (DPR) is presently 29.95%.

About Power Integrations

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

Receive News & Ratings for Power Integrations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations Inc. and related companies with MarketBeat.com's FREE daily email newsletter.