Power Integrations (NASDAQ:POWI) Rating Increased 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 report released on Thursday.

A number of other analysts also recently weighed in on POWI. Susquehanna dropped their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. TD Cowen cut their price objective on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. Finally, Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Down 3.3 %

POWI stock opened at $60.04 on Thursday. The company’s 50 day moving average is $62.41 and its 200 day moving average is $67.91. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 90.97, a price-to-earnings-growth ratio of 6.50 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 issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $115.84 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.35 EPS. As a group, sell-side analysts forecast that Power Integrations will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.40%. Power Integrations’s payout ratio is 121.21%.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now owns 86,375 shares in the company, valued at approximately $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $3,420,144.10. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,947 shares of company stock valued at $713,190. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

Several hedge funds and other institutional investors have recently made changes to their positions in POWI. Geode Capital Management LLC increased its position in Power Integrations by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after buying an additional 63,150 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in shares of Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after acquiring an additional 80,761 shares in the last quarter. Barclays PLC increased its holdings in shares of Power Integrations by 173.4% during the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock valued at $11,591,000 after acquiring an additional 114,644 shares in the last quarter. MML Investors Services LLC raised its position in shares of Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 207 shares during the last quarter. Finally, First National Bank of Omaha boosted its stake in Power Integrations by 1.3% in the 3rd quarter. First National Bank of Omaha now owns 40,454 shares of the semiconductor company’s stock worth $2,594,000 after purchasing an additional 526 shares in 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.