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

Power Integrations (NASDAQ:POWI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities research analysts have also commented on POWI. Stifel Nicolaus reissued a “buy” rating and set a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. TD Cowen reduced their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, Benchmark restated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

Power Integrations Stock Performance

Shares of POWI stock opened at $60.43 on Friday. The company has a 50 day moving average price of $62.54 and a 200 day moving average price of $68.08. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The stock has a market capitalization of $3.43 billion, a P/E ratio of 65.68, a price-to-earnings-growth ratio of 5.06 and a beta of 1.10.

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

Insider Buying and Selling at Power Integrations

In other news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction 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 transaction, the vice president now owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Power Integrations

Several large investors have recently made changes to their positions in POWI. Vanguard Group Inc. lifted its holdings in shares of Power Integrations by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after purchasing an additional 105,034 shares during the last quarter. Capital International Investors lifted its stake in Power Integrations by 6.5% during the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company’s stock valued at $94,227,000 after buying an additional 80,775 shares in the last quarter. Copeland Capital Management LLC boosted its holdings 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 worth $77,401,000 after buying an additional 213,392 shares during the period. Ceredex Value Advisors LLC increased its position in shares of Power Integrations by 4.8% in the second quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company’s stock worth $53,083,000 after acquiring an additional 34,400 shares in the last quarter. Finally, Congress Asset Management Co. raised its holdings in shares of Power Integrations by 18.4% during the third quarter. Congress Asset Management Co. now owns 621,875 shares of the semiconductor company’s stock valued at $39,875,000 after acquiring an additional 96,609 shares during the period.

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.