Power Integrations, Inc. (NASDAQ:POWI) has been given an average recommendation of “Buy” by the six analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $79.50.

Several research analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $82.00 price target (up previously from $75.00) on shares of Power Integrations in a research note on Friday, June 30th. Deutsche Bank AG lowered shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research note on Tuesday, May 30th. Drexel Hamilton set a $84.00 price target on shares of Power Integrations and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th.

Power Integrations (NASDAQ:POWI) traded up 0.92% during trading on Friday, hitting $71.55. 175,775 shares of the company traded hands. The firm has a market cap of $2.13 billion, a P/E ratio of 39.77 and a beta of 1.23. Power Integrations has a one year low of $60.01 and a one year high of $82.80. The firm has a 50 day moving average of $71.26 and a 200 day moving average of $68.77.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The company had revenue of $107.56 million for the quarter, compared to analyst estimates of $107.85 million. During the same quarter in the prior year, the business posted $0.61 EPS. Power Integrations’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts expect that Power Integrations will post $2.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.78%. Power Integrations’s dividend payout ratio (DPR) is 29.95%.

In related news, insider Balu Balakrishnan sold 50,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 319,576 shares in the company, valued at approximately $23,968,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nicholas Brathwaite sold 2,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $73.00, for a total transaction of $146,000.00. Following the completion of the transaction, the director now owns 24,710 shares in the company, valued at $1,803,830. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,593 shares of company stock worth $10,278,057. 4.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Huntington National Bank grew its stake in Power Integrations by 22.8% in the 2nd quarter. Huntington National Bank now owns 1,504 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 279 shares during the last quarter. Advisor Group Inc. grew its stake in Power Integrations by 14.5% in the 2nd quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 231 shares during the last quarter. Victory Capital Management Inc. grew its stake in Power Integrations by 22.7% in the 1st quarter. Victory Capital Management Inc. now owns 2,210 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 409 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Power Integrations in the 1st quarter valued at $156,000. Finally, Riverhead Capital Management LLC grew its stake in Power Integrations by 71.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock valued at $175,000 after buying an additional 997 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

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Power Integrations Company Profile

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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