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

Shares of Power Integrations, Inc. (NASDAQ:POWI) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two 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. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $78.00.

POWI has been the topic of a number of recent research reports. Susquehanna dropped their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price objective (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Benchmark reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Friday, November 8th.

Power Integrations Price Performance

POWI stock opened at $64.77 on Friday. The company’s 50-day moving average is $63.16 and its 200-day moving average is $67.45. The stock has a market capitalization of $3.68 billion, a PE ratio of 98.14, a price-to-earnings-growth ratio of 7.37 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 released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The firm had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts anticipate that Power Integrations will post 0.54 earnings per share 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. Shareholders of record on Friday, November 29th will be issued a dividend of $0.21 per share. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.30%. Power Integrations’s payout ratio is presently 127.27%.

Insider Transactions at Power Integrations

In related news, VP Doug Bailey sold 8,549 shares of the company’s 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 sale, the vice president now owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This represents a 9.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in 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 acquiring an additional 150 shares during the last quarter. Mather Group LLC. increased its position in shares of Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 161 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Power Integrations during the 2nd quarter valued at about $63,000. Truvestments Capital LLC bought a new stake in Power Integrations in the 3rd quarter worth approximately $87,000. Finally, Quest Partners LLC lifted its position in Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after buying 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.