Power Integrations (NASDAQ:POWI) Rating Lowered to Hold at StockNews.com

Power Integrations (NASDAQ:POWI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other research firms have also commented on POWI. Benchmark reaffirmed a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Susquehanna cut their price target 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. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $62.78 on Friday. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $79.13. The firm has a market capitalization of $3.57 billion, a PE ratio of 110.14, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The stock’s 50-day simple moving average is $61.36 and its 200-day simple moving average is $62.55.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, sell-side analysts forecast that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 110,394 shares in the company, valued at $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the sale, the vice president now owns 45,295 shares in the company, valued at approximately $2,993,093.60. This trade represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,544 shares of company stock valued at $2,433,105. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Power Integrations

Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Power Integrations by 55.6% during the third quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company’s stock worth $2,138,000 after purchasing an additional 12,297 shares in the last quarter. GSA Capital Partners LLP boosted its position in Power Integrations by 97.5% during the third quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company’s stock worth $1,669,000 after purchasing an additional 12,847 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Power Integrations by 214.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock worth $2,684,000 after purchasing an additional 28,548 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Power Integrations during the fourth quarter worth $288,000. Finally, UMB Bank n.a. boosted its position in Power Integrations by 43.9% during the fourth 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.

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.