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

Shares of Power Integrations, Inc. (NASDAQ:POWI) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $78.00.

A number of equities analysts have recently weighed in on POWI shares. Susquehanna dropped their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th.

Power Integrations Trading Up 2.2 %

NASDAQ POWI opened at $62.22 on Friday. Power Integrations has a 12 month low of $56.63 and a 12 month high of $85.00. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 94.27, a PEG ratio of 3.91 and a beta of 1.12. The company’s 50 day moving average is $63.12 and its two-hundred day moving average is $64.54.

Power Integrations (NASDAQ:POWI) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $115.84 million for the quarter, compared to analysts’ expectations of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. Power Integrations’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. Sell-side analysts forecast that Power Integrations will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.35%. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 29th. Power Integrations’s dividend payout ratio is 127.27%.

Insider Activity

In related news, VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction 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 sale, the vice president now owns 86,375 shares of the company’s stock, valued at $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 is available through this link. Also, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the transaction, the vice president now directly owns 130,934 shares of the company’s stock, valued at $8,426,912.24. The trade was a 7.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,655 shares of company stock worth $1,205,566. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Power Integrations

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POWI. State Street Corp boosted its holdings 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 worth $162,886,000 after purchasing an additional 27,488 shares during the period. Wellington Management Group LLP boosted its stake in Power Integrations by 25.6% during the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after buying an additional 476,986 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in 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 worth $135,400,000 after buying an additional 80,761 shares during the period. Geode Capital Management LLC increased its position in Power Integrations by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after acquiring an additional 63,150 shares during the last quarter. Finally, Copeland Capital Management LLC raised its stake in shares of Power Integrations by 21.5% in the third quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after acquiring an additional 213,392 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.