Power Integrations, Inc. (POWI) Receives Average Rating of “Buy” from Analysts
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.
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.
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