Power Integrations (NASDAQ:POWI) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Power Integrations (NASDAQ:POWI) from a sell rating to a hold rating in a research note released on Tuesday morning.

A number of other research firms also recently weighed in on POWI. Deutsche Bank Aktiengesellschaft reduced their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research report on Wednesday, September 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Susquehanna reduced their price objective on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating for the company in a research note on Thursday, August 8th. Finally, Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and an average price target of $78.50.

Power Integrations Stock Down 1.1 %

Shares of NASDAQ:POWI opened at $62.36 on Tuesday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 83.15, a PEG ratio of 5.15 and a beta of 1.10. Power Integrations has a 12 month low of $56.63 and a 12 month high of $89.68. The company’s fifty day simple moving average is $62.68 and its 200 day simple moving average is $68.33.

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

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, August 30th. Power Integrations’s payout ratio is currently 106.67%.

Insiders Place Their Bets

In other news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the sale, the vice president now directly owns 51,899 shares of the company’s stock, valued at $3,420,144.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Power Integrations during the 1st quarter worth about $55,000. Mather Group LLC. grew its stake in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 161 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Power Integrations in the 2nd quarter valued at about $63,000. Finally, Quest Partners LLC lifted its position in Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 240 shares during the last quarter.

About Power Integrations

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.