Power Integrations (NASDAQ:POWI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other equities research analysts have also weighed in on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $84.00 target price on shares of Power Integrations in a research report on Friday, October 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price on shares of Power Integrations in a research report on Sunday, September 3rd. Finally, Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $83.50.

Shares of Power Integrations (NASDAQ:POWI) traded up $0.70 during midday trading on Thursday, reaching $75.40. The company’s stock had a trading volume of 113,884 shares, compared to its average volume of 168,506. The company has a market cap of $2,231.73, a price-to-earnings ratio of 35.76 and a beta of 1.26. Power Integrations has a 1-year low of $61.44 and a 1-year high of $86.60.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.05. The business had revenue of $111.30 million during the quarter, compared to analyst estimates of $111.82 million. Power Integrations had a return on equity of 11.95% and a net margin of 13.69%. Power Integrations’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. research analysts expect that Power Integrations will post 2.06 EPS for the current year.

In other news, Director Steven Sharp sold 10,000 shares of Power Integrations stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $79.49, for a total value of $794,900.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Ben Sutherland sold 500 shares of Power Integrations stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $79.58, for a total value of $39,790.00. Following the completion of the transaction, the vice president now owns 40,965 shares in the company, valued at $3,259,994.70. The disclosure for this sale can be found here. Insiders sold a total of 63,089 shares of company stock worth $5,077,253 over the last quarter. Company insiders own 4.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Advisor Group Inc. grew its stake in Power Integrations by 14.5% during the 2nd quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock worth $132,000 after buying an additional 231 shares during the last quarter. Riverhead Capital Management LLC grew its stake in Power Integrations by 71.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock worth $175,000 after buying an additional 997 shares during the last quarter. Turner Investments LLC purchased a new position in Power Integrations during the 2nd quarter worth $182,000. Ameritas Investment Partners Inc. grew its stake in Power Integrations by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock worth $184,000 after buying an additional 150 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Power Integrations by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,601 shares of the semiconductor company’s stock worth $190,000 after buying an additional 391 shares during the last quarter. Institutional investors and hedge funds own 97.51% of the company’s stock.

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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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