Power Integrations (NASDAQ:POWI) Rating Lowered to Under Perform at Northland Securities

Power Integrations (NASDAQ:POWIGet Free Report) was downgraded by equities researchers at Northland Securities from a “market perform” rating to an “under perform” rating in a research note issued on Monday, MarketBeat reports. They presently have a $67.00 price objective on the semiconductor company’s stock. Northland Securities’ target price would indicate a potential downside of 17.83% from the stock’s previous close.

Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Benchmark raised their price objective on Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus increased their price target on Power Integrations from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Susquehanna lifted their price objective on shares of Power Integrations from $80.00 to $100.00 and gave the stock a “positive” rating in a research report on Monday, December 18th. Finally, TD Cowen increased their price objective on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.17.

Get Our Latest Analysis on Power Integrations

Power Integrations Trading Up 4.2 %

Shares of POWI opened at $81.54 on Monday. The company’s fifty day simple moving average is $79.50 and its 200 day simple moving average is $78.94. Power Integrations has a 1-year low of $66.90 and a 1-year high of $99.60. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 84.06 and a beta of 1.25.

Insider Buying and Selling

In other Power Integrations news, insider David Mh Matthews sold 1,095 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $80,986.20. Following the completion of the sale, the insider now owns 59,733 shares of the company’s stock, valued at approximately $4,417,852.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Doug Bailey sold 3,273 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $78.43, for a total value of $256,701.39. Following the transaction, the vice president now owns 100,896 shares in the company, valued at $7,913,273.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Mh Matthews sold 1,095 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $80,986.20. Following the completion of the transaction, the insider now directly owns 59,733 shares of the company’s stock, valued at approximately $4,417,852.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,121 shares of company stock valued at $6,698,577. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Power Integrations

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of Power Integrations by 109.7% during the 4th quarter. Morgan Stanley now owns 1,024,483 shares of the semiconductor company’s stock worth $73,476,000 after buying an additional 535,900 shares in the last quarter. Norges Bank acquired a new position in Power Integrations during the fourth quarter worth about $35,392,000. Capital International Investors raised its stake in Power Integrations by 250.7% during the second quarter. Capital International Investors now owns 689,494 shares of the semiconductor company’s stock worth $65,274,000 after acquiring an additional 492,905 shares in the last quarter. Robeco Schweiz AG lifted its holdings in shares of Power Integrations by 49.3% in the first quarter. Robeco Schweiz AG now owns 1,176,650 shares of the semiconductor company’s stock worth $109,052,000 after acquiring an additional 388,650 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Power Integrations by 4.5% in the 2nd quarter. BlackRock Inc. now owns 6,996,813 shares of the semiconductor company’s stock valued at $662,388,000 after purchasing an additional 299,127 shares in the last quarter.

Power Integrations Company Profile

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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.

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