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

Shares of Power Integrations, Inc. (NASDAQ:POWI) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $78.00.

Several equities analysts recently issued reports on POWI shares. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday. 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.

Power Integrations Stock Performance

Shares of POWI opened at $62.78 on Friday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 110.14, a PEG ratio of 4.08 and a beta of 1.11. The company’s 50 day simple moving average is $61.36 and its 200 day simple moving average is $62.55. Power Integrations has a 1 year low of $56.63 and a 1 year high of $79.13.

Power Integrations (NASDAQ:POWI) last announced 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 net margin of 7.69% and a return on equity of 4.48%. Equities analysts expect that Power Integrations will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, February 28th. Power Integrations’s payout ratio is currently 147.37%.

Insider Transactions at Power Integrations

In other news, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the sale, the chief executive officer now owns 600,002 shares of the company’s stock, valued at $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the sale, the vice president now directly owns 142,145 shares of the company’s stock, valued at $8,635,308.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,544 shares of company stock valued at $2,433,105 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

A number of large investors have recently added to or reduced their stakes in POWI. Smartleaf Asset Management LLC grew its holdings in Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc grew its holdings in Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. grew its holdings in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Power Integrations during the 4th quarter valued at $51,000.

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.