TD Cowen Raises Power Integrations (NASDAQ:POWI) Price Target to $80.00

Power Integrations (NASDAQ:POWIGet Free Report) had its price objective raised by analysts at TD Cowen from $65.00 to $80.00 in a research note issued on Friday, Briefing.com reports. The firm presently has a “market perform” rating on the semiconductor company’s stock. TD Cowen’s price objective would indicate a potential upside of 2.18% from the stock’s current price.

Several other brokerages have also recently weighed in on POWI. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Tuesday. Susquehanna increased their price objective on Power Integrations from $80.00 to $100.00 and gave the company a “positive” rating in a report on Monday, December 18th. Finally, Stifel Nicolaus increased their price objective on Power Integrations from $90.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $88.40.

View Our Latest Stock Analysis on Power Integrations

Power Integrations Trading Up 4.2 %

Shares of POWI stock opened at $78.29 on Friday. Power Integrations has a 1 year low of $66.90 and a 1 year high of $99.60. The firm’s fifty day simple moving average is $79.42 and its 200 day simple moving average is $79.19. The firm has a market capitalization of $4.45 billion, a P/E ratio of 69.90 and a beta of 1.25.

Power Integrations (NASDAQ:POWIGet Free Report) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Power Integrations had a return on equity of 8.52% and a net margin of 13.40%. The company had revenue of $125.51 million for the quarter, compared to the consensus estimate of $130.75 million. Equities research analysts anticipate that Power Integrations will post 0.75 EPS for the current fiscal year.

Insider Activity

In related news, CEO Balu Balakrishnan sold 47,422 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $77.60, for a total value of $3,679,947.20. Following the completion of the sale, the chief executive officer now directly owns 525,603 shares of the company’s stock, valued at approximately $40,786,792.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Doug Bailey sold 3,273 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $78.43, for a total transaction of $256,701.39. Following the sale, the vice president now owns 100,896 shares of the company’s stock, valued at approximately $7,913,273.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Balu Balakrishnan sold 47,422 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $77.60, for a total value of $3,679,947.20. Following the sale, the chief executive officer now directly owns 525,603 shares in the company, valued at approximately $40,786,792.80. The disclosure for this sale can be found here. Insiders sold a total of 87,121 shares of company stock worth $6,698,577 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Power Integrations

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its holdings in Power Integrations by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,141 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 122 shares in the last quarter. KLR Investment Advisors LLC raised its holdings in shares of Power Integrations by 2.9% in the 2nd quarter. KLR Investment Advisors LLC now owns 4,259 shares of the semiconductor company’s stock valued at $403,000 after acquiring an additional 122 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Power Integrations by 59.8% in the 1st quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 128 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Power Integrations by 1.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,811 shares of the semiconductor company’s stock valued at $746,000 after acquiring an additional 132 shares in the last quarter. Finally, Caprock Group LLC raised its holdings in shares of Power Integrations by 3.2% in the 3rd quarter. Caprock Group LLC now owns 4,854 shares of the semiconductor company’s stock valued at $370,000 after acquiring an additional 152 shares in the last quarter.

About Power Integrations

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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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