Power Integrations (NASDAQ:POWI) Price Target Cut to $77.00 by Analysts at Susquehanna

Power Integrations (NASDAQ:POWI) had its target price trimmed by Susquehanna from $80.00 to $77.00 in a report released on Thursday morning,Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

Several other equities research analysts have also recently weighed in on POWI. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark reissued a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Wednesday, September 11th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Power Integrations presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Trading Up 0.5 %

Shares of NASDAQ:POWI traded up $0.32 on Thursday, hitting $65.70. The company had a trading volume of 293,088 shares, compared to its average volume of 407,657. Power Integrations has a 1-year low of $56.63 and a 1-year high of $89.68. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 99.68, a P/E/G ratio of 5.34 and a beta of 1.10. The stock has a 50 day moving average price of $62.30 and a 200 day moving average price of $68.00.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $106.20 million during the quarter, compared to analysts’ expectations of $105.02 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.15%. Power Integrations’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. Sell-side analysts anticipate that Power Integrations will post 0.59 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, November 29th. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is currently 121.21%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the sale, the vice president now owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 2,398 shares of company stock valued at $157,847. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Power Integrations by 69.8% in the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Mather Group LLC. raised its stake in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 161 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Power Integrations in the 2nd quarter valued at about $63,000. Quest Partners LLC raised its stake in Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 240 shares during the period. Finally, Covestor Ltd raised its stake in Power Integrations by 16.3% in the 1st quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 222 shares during the period.

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.