Power Integrations, Inc. (NASDAQ:POWI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has received an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $78.00.

Several brokerages recently weighed in on POWI. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. Benchmark reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, TD Cowen decreased their price target on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, August 7th.

Insider Buying and Selling at Power Integrations

In other news, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now owns 130,934 shares of the company’s stock, valued at $8,426,912.24. This trade represents a 7.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares in the company, valued at approximately $5,610,920. This represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,655 shares of company stock worth $1,205,566 over the last ninety days. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Power Integrations

Large investors have recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Power Integrations by 1.1% in the 3rd quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock valued at $162,886,000 after buying an additional 27,488 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Power Integrations by 25.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after buying an additional 476,986 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in shares of Power Integrations by 4.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after buying an additional 80,761 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Power Integrations by 4.2% in 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. Finally, Copeland Capital Management LLC grew its holdings in shares of Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after purchasing an additional 213,392 shares during the last quarter.

Power Integrations Stock Performance

Power Integrations stock opened at $66.09 on Friday. The firm’s 50-day moving average is $63.56 and its 200-day moving average is $67.06. Power Integrations has a 1 year low of $56.63 and a 1 year high of $89.68. The company has a market cap of $3.76 billion, a P/E ratio of 100.14, a PEG ratio of 7.27 and a beta of 1.12.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same period last year, the firm posted $0.35 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, sell-side analysts predict that Power Integrations will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.21 dividend. 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 dividend on an annualized basis and a yield of 1.27%. Power Integrations’s payout ratio is 127.27%.

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.