Analysts Set Power Integrations Inc (POWI) PT at $83.50

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

POWI has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target on shares of Power Integrations in a research note on Sunday, September 3rd. Zacks Investment Research upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Drexel Hamilton reiterated a “buy” rating and issued a $84.00 price target on shares of Power Integrations in a research note on Friday, October 27th. Finally, BidaskClub downgraded Power Integrations from a “hold” rating to a “sell” rating in a research note on Thursday.

Power Integrations (NASDAQ:POWI) traded down $0.20 during trading hours on Friday, reaching $73.85. The company had a trading volume of 159,843 shares, compared to its average volume of 168,176. The firm has a market capitalization of $2,200.53, a P/E ratio of 35.26 and a beta of 1.26. Power Integrations has a fifty-two week low of $61.44 and a fifty-two week high of $86.60.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.05. The business had revenue of $111.30 million during 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 company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.67 earnings per share. analysts predict that Power Integrations will post 2.06 earnings per share for the current year.

The firm also recently announced 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. The ex-dividend date is Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. Power Integrations’s dividend payout ratio is currently 29.02%.

In other Power Integrations news, VP David Mh Matthews sold 704 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $78.33, for a total value of $55,144.32. Following the transaction, the vice president now owns 42,654 shares of the company’s stock, valued at $3,341,087.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $794,900.00. The disclosure for this sale can be found here. Insiders sold 63,089 shares of company stock worth $5,077,253 in the last three months. 4.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in Power Integrations by 9.4% in the second quarter. Legal & General Group Plc now owns 57,673 shares of the semiconductor company’s stock worth $4,204,000 after acquiring an additional 4,970 shares during the last quarter. Renaissance Group LLC raised its holdings in shares of Power Integrations by 1.1% during the second quarter. Renaissance Group LLC now owns 5,278 shares of the semiconductor company’s stock valued at $385,000 after buying an additional 56 shares during the last quarter. Chicago Equity Partners LLC raised its holdings in shares of Power Integrations by 104.1% during the second quarter. Chicago Equity Partners LLC now owns 12,520 shares of the semiconductor company’s stock valued at $913,000 after buying an additional 6,385 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Power Integrations during the second quarter valued at approximately $346,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Power Integrations by 2.3% during the second quarter. Wells Fargo & Company MN now owns 115,446 shares of the semiconductor company’s stock valued at $8,416,000 after buying an additional 2,624 shares during the last quarter. 97.51% of the stock is currently owned by hedge funds and other institutional investors.

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Power Integrations Company Profile

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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