Brokerages Set Power Integrations, Inc. (NASDAQ:POWI) Target Price at $61.00

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given a consensus recommendation of “Hold” by the five research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $61.00.

POWI has been the subject of several analyst reports. Susquehanna lifted their price target on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a research note on Monday, December 29th.

Power Integrations Price Performance

Shares of POWI stock opened at $51.99 on Friday. The stock’s fifty day simple moving average is $46.59 and its 200 day simple moving average is $41.65. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 133.31, a P/E/G ratio of 3.86 and a beta of 1.34. Power Integrations has a one year low of $30.86 and a one year high of $60.12.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The firm had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. During the same period in the prior year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Power Integrations will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s dividend payout ratio is presently 220.51%.

Insiders Place Their Bets

In other news, VP Gagan Jain sold 3,481 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total transaction of $167,853.82. Following the sale, the vice president owned 30,769 shares in the company, valued at approximately $1,483,681.18. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer A. Lloyd sold 3,322 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $154,705.54. Following the completion of the sale, the chief executive officer owned 76,307 shares of the company’s stock, valued at approximately $3,553,616.99. This trade represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,518 shares of company stock worth $1,920,642 in the last three months. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Snyder Capital Management L P grew its stake in shares of Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after purchasing an additional 1,234,981 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Power Integrations by 1,885.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after purchasing an additional 895,857 shares during the last quarter. M&T Bank Corp lifted its holdings in Power Integrations by 3,635.7% during the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company’s stock worth $26,604,000 after buying an additional 728,517 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Power Integrations by 35.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company’s stock worth $90,926,000 after buying an additional 595,404 shares in the last quarter. Finally, Norges Bank bought a new position in Power Integrations in the 2nd quarter valued at $32,897,000.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.