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

Power Integrations (NASDAQ:POWI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also issued reports on the company. Susquehanna cut their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. TD Cowen decreased their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Stifel Nicolaus restated a “buy” rating and issued a $95.00 target price (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Finally, Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Stock Down 3.3 %

Shares of NASDAQ:POWI opened at $60.04 on Thursday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 90.97, a price-to-earnings-growth ratio of 6.86 and a beta of 1.10. The company has a 50 day moving average of $62.41 and a two-hundred day moving average of $67.89. Power Integrations has a 52-week low of $56.63 and a 52-week high of $89.68.

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

Insider Buying and Selling at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the sale, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. The trade was a 3.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was 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. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,947 shares of company stock valued at $713,190. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Power Integrations

Hedge funds and other institutional investors have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN raised its stake in Power Integrations by 4.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after purchasing an additional 80,761 shares during the period. Barclays PLC lifted its stake in Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after acquiring an additional 114,644 shares in the last quarter. MML Investors Services LLC boosted its position in 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 acquiring an additional 207 shares during the period. First National Bank of Omaha grew its stake in Power Integrations by 1.3% during the 3rd quarter. First National Bank of Omaha now owns 40,454 shares of the semiconductor company’s stock valued at $2,594,000 after acquiring an additional 526 shares in the last quarter. Finally, Pier Capital LLC increased its holdings in shares of Power Integrations by 1.9% in the 3rd quarter. Pier Capital LLC now owns 112,474 shares of the semiconductor company’s stock valued at $7,212,000 after purchasing an additional 2,139 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.