Power Integrations Inc (POWI) Receives Average Rating of “Buy” from Analysts

Power Integrations Inc (NASDAQ:POWI) has been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $73.25.

POWI has been the subject of several research reports. BidaskClub cut Power Integrations from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, May 3rd. ValuEngine raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Northland Securities reaffirmed a “hold” rating and set a $52.00 target price on shares of Power Integrations in a research note on Wednesday, March 27th. Finally, Loop Capital raised their target price on Power Integrations to $78.00 and gave the company an “in-line” rating in a research note on Friday, April 26th.

In related news, CFO Sandeep Nayyar sold 5,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $79.94, for a total value of $399,700.00. Following the completion of the transaction, the chief financial officer now owns 82,512 shares in the company, valued at approximately $6,596,009.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Clifford Walker sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $78.76, for a total value of $787,600.00. Following the completion of the transaction, the vice president now owns 91,702 shares of the company’s stock, valued at approximately $7,222,449.52. The disclosure for this sale can be found here. Insiders sold a total of 38,091 shares of company stock valued at $2,859,215 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.



Large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new stake in Power Integrations during the 4th quarter worth about $273,000. Arizona State Retirement System boosted its position in Power Integrations by 5.9% during the 4th quarter. Arizona State Retirement System now owns 45,166 shares of the semiconductor company’s stock worth $2,754,000 after acquiring an additional 2,507 shares during the period. Morgan Stanley boosted its position in Power Integrations by 33.0% during the 3rd quarter. Morgan Stanley now owns 112,673 shares of the semiconductor company’s stock worth $7,122,000 after acquiring an additional 27,982 shares during the period. Hsbc Holdings PLC boosted its position in Power Integrations by 10.2% during the 4th quarter. Hsbc Holdings PLC now owns 3,662 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 340 shares during the period. Finally, Neuburgh Advisers LLC boosted its position in Power Integrations by 4.2% during the 4th quarter. Neuburgh Advisers LLC now owns 3,828 shares of the semiconductor company’s stock worth $233,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 99.37% of the company’s stock.

POWI stock traded down $1.77 during trading hours on Friday, hitting $70.23. 2,607 shares of the stock traded hands, compared to its average volume of 144,145. Power Integrations has a one year low of $47.35 and a one year high of $81.37. The stock has a market capitalization of $2.11 billion, a P/E ratio of 32.83 and a beta of 1.08.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, April 25th. The semiconductor company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.19. Power Integrations had a return on equity of 10.86% and a net margin of 15.67%. The business had revenue of $89.19 million during the quarter, compared to analysts’ expectations of $90.10 million. During the same quarter last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was down 13.5% on a year-over-year basis. Sell-side analysts expect that Power Integrations will post 1.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a $0.17 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.97%. Power Integrations’s dividend payout ratio (DPR) is 31.78%.

About Power Integrations

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.

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