Shares of Power Integrations, Inc. (NASDAQ:POWI – Get Free Report) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $78.00.
Several equities analysts recently weighed in on the stock. Susquehanna cut their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th.
Check Out Our Latest Report on POWI
Insider Activity
Institutional Investors Weigh In On Power Integrations
Large investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after buying an additional 534 shares during the last quarter. UMB Bank n.a. raised its stake in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares during the period. Truvestments Capital LLC acquired a new position in Power Integrations in the 3rd quarter valued at about $87,000. KBC Group NV increased its stake in Power Integrations by 32.0% during the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 432 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Power Integrations by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 205 shares during the period.
Power Integrations Stock Up 2.2 %
Shares of Power Integrations stock opened at $62.22 on Friday. The company has a 50 day moving average price of $63.07 and a 200 day moving average price of $64.39. The firm has a market capitalization of $3.54 billion, a P/E ratio of 94.27, a PEG ratio of 3.91 and a beta of 1.12. Power Integrations has a 52 week low of $56.63 and a 52 week high of $85.00.
Power Integrations (NASDAQ:POWI – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. As a group, research analysts anticipate that Power Integrations will post 0.54 earnings per share for the current fiscal year.
Power Integrations Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.35%. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is currently 127.27%.
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.
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