Power Integrations (NASDAQ:POWI) Given New $98.00 Price Target at Susquehanna

Power Integrations (NASDAQ:POWIGet Rating) had its price target cut by Susquehanna from $105.00 to $98.00 in a research report sent to investors on Friday morning, The Fly reports. They currently have a positive rating on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on POWI. Susquehanna Bancshares reiterated a buy rating and set a $105.00 target price on shares of Power Integrations in a research report on Friday, April 29th. StockNews.com downgraded shares of Power Integrations from a buy rating to a hold rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Power Integrations from $90.00 to $80.00 in a research note on Wednesday, July 20th.

Power Integrations Trading Down 3.3 %

Shares of NASDAQ:POWI opened at $82.35 on Friday. The stock has a market capitalization of $4.80 billion, a PE ratio of 26.74 and a beta of 1.06. The firm has a 50 day moving average of $77.98 and a 200-day moving average of $82.88. Power Integrations has a 12 month low of $67.26 and a 12 month high of $110.66.

Power Integrations (NASDAQ:POWIGet Rating) last posted its earnings results on Thursday, August 4th. The semiconductor company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. Power Integrations had a net margin of 25.83% and a return on equity of 21.36%. The firm had revenue of $183.99 million for the quarter, compared to analyst estimates of $190.15 million. During the same period in the previous year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts predict that Power Integrations will post 3.34 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.72 dividend on an annualized basis and a yield of 0.87%. Power Integrations’s dividend payout ratio is presently 23.38%.

Insider Transactions at Power Integrations

In other news, VP David Mh Matthews sold 6,168 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $83.84, for a total value of $517,125.12. Following the sale, the vice president now directly owns 112,025 shares of the company’s stock, valued at $9,392,176. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP David Mh Matthews sold 6,168 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $83.84, for a total value of $517,125.12. Following the sale, the vice president now directly owns 112,025 shares of the company’s stock, valued at $9,392,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Yang Chiah Yee sold 1,369 shares of Power Integrations stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $77.00, for a total transaction of $105,413.00. Following the transaction, the vice president now directly owns 25,797 shares in the company, valued at $1,986,369. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,744 shares of company stock valued at $2,766,288. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in Power Integrations in the fourth quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Power Integrations by 164.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 293 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 182 shares in the last quarter. Covestor Ltd bought a new stake in Power Integrations in the fourth quarter valued at $29,000. Allworth Financial LP lifted its position in Power Integrations by 89.0% during the first quarter. Allworth Financial LP now owns 310 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 146 shares during the period. Finally, CWM LLC purchased a new position in Power Integrations during the fourth quarter valued at $33,000. Institutional investors own 98.12% of the company’s stock.

Power Integrations Company Profile

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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.

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