Power Integrations, Inc. (NASDAQ:POWI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two research 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 price target among brokers that have covered the stock in the last year is $78.00.

Several research analysts have commented on POWI shares. Benchmark restated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report 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, Susquehanna decreased their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th.

Insider Activity

In other Power Integrations news, VP Clifford Walker sold 10,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was 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 approximately $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction dated 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 directly owns 86,375 shares in the company, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,655 shares of company stock worth $1,205,566 over the last 90 days. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Power Integrations

Several institutional investors have recently made changes to their positions in POWI. UMB Bank n.a. increased its holdings in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 192 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of Power Integrations during the 4th quarter worth $227,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Power Integrations by 8.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,650 shares of the semiconductor company’s stock worth $362,000 after purchasing an additional 433 shares in the last quarter. Versant Capital Management Inc raised its holdings in Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares during the period. Finally, Tidal Investments LLC lifted its position in Power Integrations by 22.8% during the third quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company’s stock valued at $805,000 after purchasing an additional 2,331 shares in the last quarter.

Power Integrations Trading Up 2.2 %

NASDAQ POWI opened at $62.22 on Friday. The stock has a 50-day moving average of $63.12 and a 200-day moving average of $64.54. The firm has a market cap of $3.54 billion, a PE ratio of 94.27, a price-to-earnings-growth ratio of 3.91 and a beta of 1.12. Power Integrations has a 1-year low of $56.63 and a 1-year high of $85.00.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm 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%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. As a group, equities research analysts forecast that Power Integrations will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

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

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.