Shares of Power Integrations Inc (NASDAQ:POWI) have received a consensus rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $83.50.

Several equities research analysts have weighed in on POWI shares. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target on shares of Power Integrations in a report on Sunday, September 3rd. Zacks Investment Research raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Drexel Hamilton reissued a “buy” rating and issued a $84.00 price target on shares of Power Integrations in a report on Friday, October 27th. Finally, BidaskClub downgraded Power Integrations from a “hold” rating to a “sell” rating in a report on Thursday.

In other news, CEO Balu Balakrishnan sold 51,350 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $80.71, for a total value of $4,144,458.50. Following the completion of the transaction, the chief executive officer now directly owns 268,226 shares in the company, valued at $21,648,520.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven Sharp sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $79.49, for a total value of $794,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 63,089 shares of company stock valued at $5,077,253. Corporate insiders own 4.30% of the company’s stock.

Several large investors have recently made changes to their positions in POWI. Artemis Investment Management LLP raised its stake in shares of Power Integrations by 159.9% in the third quarter. Artemis Investment Management LLP now owns 545,657 shares of the semiconductor company’s stock worth $39,928,000 after purchasing an additional 335,703 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Power Integrations in the third quarter worth about $20,628,000. Rice Hall James & Associates LLC purchased a new position in shares of Power Integrations in the third quarter worth about $17,162,000. Koch Industries Inc. purchased a new position in shares of Power Integrations in the second quarter worth about $209,000. Finally, Pax World Management LLC purchased a new position in shares of Power Integrations in the third quarter worth about $10,698,000. Hedge funds and other institutional investors own 97.51% of the company’s stock.

Shares of Power Integrations (NASDAQ POWI) traded down $1.35 during mid-day trading on Friday, reaching $74.05. The company had a trading volume of 93,285 shares, compared to its average volume of 168,211. Power Integrations has a 12 month low of $61.44 and a 12 month high of $86.60. The company has a market capitalization of $2,219.85, a P/E ratio of 35.57 and a beta of 1.26.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The company had revenue of $111.30 million for the quarter, compared to the consensus estimate of $111.82 million. Power Integrations had a return on equity of 11.95% and a net margin of 13.69%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. equities analysts anticipate that Power Integrations will post 2.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.76%. The ex-dividend date is Wednesday, November 29th. Power Integrations’s dividend payout ratio is presently 29.02%.

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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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