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

Power Integrations, Inc. (NASDAQ:POWI) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, 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 target among analysts that have updated their coverage on the stock in the last year is $78.00.

Several analysts recently issued reports on POWI shares. Susquehanna decreased their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Tuesday.

Insider Activity

In related news, CFO Sandeep Nayyar sold 5,152 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $312,984.00. Following the completion of the sale, the chief financial officer now owns 110,394 shares in the company, valued at $6,706,435.50. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares of the company’s stock, valued at $36,384,121.28. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,151 shares of company stock worth $2,389,936. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

A number of hedge funds have recently made changes to their positions in the company. UMB Bank n.a. increased its position in shares of Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares in the last quarter. MML Investors Services LLC increased its position in shares of Power Integrations by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 207 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 230 shares in the last quarter. Finally, Stephens Inc. AR increased its position in shares of Power Integrations by 5.8% during the 3rd quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 255 shares in the last quarter.

Power Integrations Trading Up 0.8 %

NASDAQ POWI opened at $58.34 on Wednesday. The company has a fifty day simple moving average of $62.14 and a 200 day simple moving average of $62.95. The company has a market cap of $3.32 billion, a P/E ratio of 102.35, a P/E/G ratio of 3.96 and a beta of 1.11. Power Integrations has a 1 year low of $56.63 and a 1 year high of $81.50.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. Equities research analysts forecast that Power Integrations will post 0.9 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio is 147.37%.

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.