Power Integrations (NASDAQ:POWI) Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Power Integrations (NASDAQ:POWI) from a hold rating to a sell rating in a report released on Wednesday.

POWI has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Power Integrations from $73.00 to $68.00 and set a hold rating on the stock in a research report on Wednesday, August 7th. Benchmark reaffirmed a buy rating and set a $78.00 price target on shares of Power Integrations in a report on Wednesday, September 11th. TD Cowen reduced their price objective on Power Integrations from $80.00 to $70.00 and set a hold rating for the company in a report on Wednesday, August 7th. Susquehanna lowered their target price on shares of Power Integrations from $95.00 to $80.00 and set a positive rating on the stock in a research note on Thursday, August 8th. Finally, Northland Capmk upgraded shares of Power Integrations from a hold rating to a strong-buy rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $78.50.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $63.19 on Wednesday. The business has a fifty day moving average price of $62.57 and a 200-day moving average price of $68.74. The company has a market capitalization of $3.59 billion, a PE ratio of 68.68, a PEG ratio of 5.09 and a beta of 1.10. Power Integrations has a 1-year low of $56.63 and a 1-year high of $89.68.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. Power Integrations’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. On average, sell-side analysts anticipate that Power Integrations will post 0.59 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, August 30th. Power Integrations’s dividend payout ratio (DPR) is presently 86.96%.

Insider Buying and Selling

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares in the company, valued at approximately $3,420,144.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 150 shares during the period. Mather Group LLC. bought a new position in shares of Power Integrations in the first quarter worth approximately $51,000. Fidelis Capital Partners LLC purchased a new stake in shares of Power Integrations in the first quarter worth $55,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Power Integrations in the second quarter worth $63,000. Finally, Quest Partners LLC raised its position in shares of Power Integrations by 23.5% during the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 240 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.