Power Integrations (NASDAQ:POWI) Stock Rating Upgraded by Wall Street Zen

Power Integrations (NASDAQ:POWI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Stifel Nicolaus boosted their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.67.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $55.13 on Friday. The company has a market capitalization of $3.10 billion, a P/E ratio of 96.72, a price-to-earnings-growth ratio of 4.08 and a beta of 1.29. The business has a 50-day moving average of $50.75 and a two-hundred day moving average of $56.78. Power Integrations has a 1 year low of $40.78 and a 1 year high of $79.13.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The business had revenue of $105.53 million during the quarter, compared to analysts’ expectations of $105.44 million. During the same period in the prior year, the business earned $0.18 EPS. Power Integrations’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities analysts anticipate that Power Integrations will post 0.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Clifford Walker sold 1,088 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the completion of the transaction, the vice president now directly owns 141,765 shares of the company’s stock, valued at approximately $7,214,420.85. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Nayyar sold 1,929 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the completion of the transaction, the chief financial officer now owns 107,357 shares of the company’s stock, valued at approximately $5,463,397.73. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,561 shares of company stock worth $642,092. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently made changes to their positions in POWI. Allworth Financial LP grew its stake in shares of Power Integrations by 257.8% in the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 428 shares in the last quarter. Bayforest Capital Ltd raised its position in Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 222 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 536 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Power Integrations by 841.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 698 shares during the period.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.