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

Power Integrations, Inc. (NASDAQ:POWI) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $87.40.

A number of equities research analysts have recently weighed in on POWI shares. TD Cowen lifted their target price on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Benchmark lifted their target price on shares of Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Northland Securities raised shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a report on Monday, February 26th. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd.

Power Integrations Stock Up 0.9 %

Shares of NASDAQ:POWI opened at $68.60 on Monday. The stock has a market cap of $3.90 billion, a PE ratio of 70.72 and a beta of 1.20. The company’s fifty day moving average is $69.50 and its 200 day moving average is $74.26. Power Integrations has a 52 week low of $62.13 and a 52 week high of $99.60.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $89.51 million for the quarter, compared to analysts’ expectations of $90.21 million. Sell-side analysts anticipate that Power Integrations will post 0.65 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.20 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. Power Integrations’s dividend payout ratio (DPR) is presently 82.47%.

Insider Activity at Power Integrations

In related news, VP Doug Bailey sold 423 shares of Power Integrations stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $74.98, for a total transaction of $31,716.54. Following the completion of the sale, the vice president now owns 98,863 shares in the company, valued at approximately $7,412,747.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Doug Bailey sold 423 shares of Power Integrations stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $74.98, for a total value of $31,716.54. Following the transaction, the vice president now owns 98,863 shares of the company’s stock, valued at approximately $7,412,747.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Yang Chiah Yee sold 996 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.06, for a total transaction of $79,739.76. Following the sale, the vice president now directly owns 32,625 shares in the company, valued at approximately $2,611,957.50. The disclosure for this sale can be found here. Insiders sold 57,411 shares of company stock worth $4,203,262 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Power Integrations

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Power Integrations by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,423,530 shares of the semiconductor company’s stock valued at $527,436,000 after acquiring an additional 21,139 shares during the period. JPMorgan Chase & Co. raised its position in Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock worth $195,073,000 after acquiring an additional 154,032 shares during the period. Wellington Management Group LLP raised its position in Power Integrations by 5.8% during the third quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company’s stock worth $173,679,000 after acquiring an additional 123,988 shares during the period. Capital International Investors raised its position in Power Integrations by 46.2% during the fourth quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock worth $101,501,000 after acquiring an additional 390,373 shares during the period. Finally, Boston Trust Walden Corp raised its position in Power Integrations by 0.5% during the fourth quarter. Boston Trust Walden Corp now owns 793,058 shares of the semiconductor company’s stock worth $65,118,000 after acquiring an additional 3,784 shares during the period.

Power Integrations Company Profile

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.