Power Integrations, Inc. (POWI) Earns “Buy” Rating from Stifel Nicolaus
A number of other equities analysts have also weighed in on POWI. Zacks Investment Research lowered shares of Power Integrations from a buy rating to a hold rating and set a $75.00 target price for the company. in a research report on Tuesday, May 30th. BidaskClub lowered shares of Power Integrations from a strong-buy rating to a buy rating in a research report on Friday, June 16th. Deutsche Bank AG lowered shares of Power Integrations from a buy rating to a hold rating and set a $75.00 target price for the company. in a research report on Tuesday, July 25th. Finally, Drexel Hamilton set a $84.00 target price on shares of Power Integrations and gave the stock a buy rating in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Power Integrations presently has an average rating of Buy and an average price target of $78.50.
Power Integrations (POWI) traded up 1.10% during mid-day trading on Wednesday, hitting $73.85. 265,906 shares of the stock traded hands. Power Integrations has a 12 month low of $59.41 and a 12 month high of $82.80. The company’s 50 day moving average is $71.13 and its 200 day moving average is $68.55. The company has a market cap of $2.20 billion, a P/E ratio of 41.05 and a beta of 1.23.
Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The firm had revenue of $107.56 million during the quarter, compared to analyst estimates of $107.85 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. Power Integrations’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts expect that Power Integrations will post $2.77 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Tuesday, August 29th. Power Integrations’s payout ratio is 29.95%.
In related news, VP Raja Petrakian sold 2,272 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $68.89, for a total transaction of $156,518.08. Following the sale, the vice president now owns 30,815 shares of the company’s stock, valued at $2,122,845.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David Mh Matthews sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total transaction of $71,220.00. Following the sale, the vice president now directly owns 43,405 shares in the company, valued at approximately $3,091,304.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,593 shares of company stock worth $10,278,057. 4.30% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. purchased a new stake in Power Integrations during the second quarter valued at $209,000. Grandeur Peak Global Advisors LLC raised its stake in Power Integrations by 7.4% during the second quarter. Grandeur Peak Global Advisors LLC now owns 357,015 shares of the semiconductor company’s stock valued at $26,026,000 after purchasing an additional 24,675 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Power Integrations during the second quarter valued at $468,000. Ameritas Investment Partners Inc. raised its stake in Power Integrations by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 150 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C raised its stake in Power Integrations by 27.2% during the second quarter. Atlanta Capital Management Co. L L C now owns 387,565 shares of the semiconductor company’s stock valued at $28,253,000 after purchasing an additional 82,908 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors.
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. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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