Power Integrations’ (POWI) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Power Integrations (NASDAQ:POWI) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $78.00 target price on the semiconductor company’s stock.

A number of other equities research analysts have also issued reports on the company. Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Power Integrations has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Stock Performance

Shares of Power Integrations stock opened at $59.68 on Friday. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 104.70, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. The stock has a 50 day moving average price of $62.48 and a 200-day moving average price of $63.15. Power Integrations has a one year low of $56.63 and a one year high of $85.00.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. Sell-side analysts predict that Power Integrations will post 0.9 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Insider Buying and Selling at Power Integrations

In other news, VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the completion of the transaction, the vice president now directly owns 130,934 shares of the company’s stock, valued at approximately $8,426,912.24. The trade was a 7.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sandeep Nayyar sold 5,152 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the transaction, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,131 shares of company stock valued at $1,865,182 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in POWI. Creative Planning grew its stake in Power Integrations by 58.6% during the 2nd quarter. Creative Planning now owns 12,459 shares of the semiconductor company’s stock worth $874,000 after buying an additional 4,601 shares during the last quarter. SG Americas Securities LLC grew its stake in Power Integrations by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 6,401 shares of the semiconductor company’s stock worth $410,000 after buying an additional 536 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Power Integrations by 56.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 20,202 shares of the semiconductor company’s stock worth $1,295,000 after buying an additional 7,300 shares during the last quarter. Guinness Atkinson Asset Management Inc grew its stake in Power Integrations by 15.7% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 4,290 shares of the semiconductor company’s stock worth $275,000 after buying an additional 582 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in Power Integrations by 27.5% during the 3rd quarter. Inspire Investing LLC now owns 7,177 shares of the semiconductor company’s stock worth $460,000 after buying an additional 1,548 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.