Power Integrations, Inc. (NASDAQ:POWI) Given Consensus Rating of “Moderate Buy” by Analysts

Power Integrations, Inc. (NASDAQ:POWI) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $86.17.

POWI has been the topic of a number of recent analyst reports. TD Cowen upped their price target on shares of Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price on the stock in a research report on Monday, February 26th. Stifel Nicolaus lifted their price target on Power Integrations from $90.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Susquehanna upped their price objective on Power Integrations from $80.00 to $100.00 and gave the stock a “positive” rating in a report on Monday, December 18th. Finally, Benchmark raised their price target on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, February 9th.

Insider Buying and Selling

In other news, CEO Balu Balakrishnan sold 5,746 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.39, for a total transaction of $421,698.94. Following the completion of the transaction, the chief executive officer now directly owns 513,693 shares in the company, valued at $37,699,929.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Yang Chiah Yee sold 996 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $80.06, for a total transaction of $79,739.76. Following the completion of the sale, the vice president now directly owns 32,625 shares of the company’s stock, valued at $2,611,957.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Balu Balakrishnan sold 5,746 shares of Power Integrations stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $73.39, for a total value of $421,698.94. Following the completion of the transaction, the chief executive officer now owns 513,693 shares in the company, valued at $37,699,929.27. The disclosure for this sale can be found here. Insiders sold a total of 57,411 shares of company stock worth $4,203,262 in the last three months. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates boosted its position in shares of Power Integrations by 27.0% in the first quarter. Raymond James & Associates now owns 41,765 shares of the semiconductor company’s stock worth $3,871,000 after buying an additional 8,880 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Power Integrations by 15.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,746 shares of the semiconductor company’s stock worth $348,000 after purchasing an additional 504 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Power Integrations by 10.5% during the 1st quarter. Bank of Montreal Can now owns 14,113 shares of the semiconductor company’s stock worth $1,372,000 after acquiring an additional 1,339 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Power Integrations by 8.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,681 shares of the semiconductor company’s stock valued at $2,009,000 after purchasing an additional 1,678 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Power Integrations by 6.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 32,504 shares of the semiconductor company’s stock worth $3,094,000 after acquiring an additional 1,927 shares during the period.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $69.12 on Thursday. The stock has a market cap of $3.93 billion, a P/E ratio of 71.26 and a beta of 1.21. Power Integrations has a 1-year low of $66.90 and a 1-year high of $99.60. The firm has a fifty day moving average price of $72.31 and a 200 day moving average price of $75.43.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. The company had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. Sell-side analysts expect that Power Integrations will post 0.65 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a $0.20 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.16%. Power Integrations’s payout ratio is currently 82.47%.

About Power Integrations

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.