Power Integrations (NASDAQ:POWI) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, The Fly reports.

A number of other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of Power Integrations from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research cut shares of Power Integrations from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. ValuEngine cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Loop Capital initiated coverage on shares of Power Integrations in a research report on Thursday, June 21st. They set a “buy” rating and a $89.00 price objective on the stock. Finally, TheStreet raised shares of Power Integrations from a “c+” rating to a “b-” rating in a research report on Wednesday, May 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Power Integrations has an average rating of “Hold” and a consensus target price of $84.20.

POWI stock opened at $70.15 on Wednesday. The stock has a market cap of $2.05 billion, a PE ratio of 30.77 and a beta of 0.90. Power Integrations has a 1 year low of $60.55 and a 1 year high of $86.60.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). The company had revenue of $109.48 million for the quarter, compared to the consensus estimate of $109.33 million. Power Integrations had a return on equity of 13.07% and a net margin of 6.76%. Power Integrations’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. research analysts forecast that Power Integrations will post 2.13 earnings per share for the current fiscal year.

In related news, VP Doug Bailey sold 500 shares of the firm’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $72.35, for a total value of $36,175.00. Following the transaction, the vice president now owns 53,873 shares of the company’s stock, valued at approximately $3,897,711.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Balakrishnan S. Iyer sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $73.51, for a total transaction of $404,305.00. Following the completion of the transaction, the director now directly owns 20,240 shares in the company, valued at approximately $1,487,842.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,814 shares of company stock worth $864,176. 4.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Asset Management Inc. lifted its position in Power Integrations by 1.3% in the 2nd quarter. Rothschild Asset Management Inc. now owns 56,605 shares of the semiconductor company’s stock valued at $4,135,000 after acquiring an additional 730 shares in the last quarter. Eqis Capital Management Inc. lifted its position in Power Integrations by 10.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 9,040 shares of the semiconductor company’s stock valued at $660,000 after acquiring an additional 860 shares in the last quarter. Royal Bank of Canada increased its stake in Power Integrations by 4.3% in the 1st quarter. Royal Bank of Canada now owns 20,998 shares of the semiconductor company’s stock valued at $1,435,000 after buying an additional 866 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Power Integrations by 2.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 39,864 shares of the semiconductor company’s stock valued at $2,723,000 after buying an additional 869 shares during the last quarter. Finally, Comerica Bank increased its stake in Power Integrations by 3.0% in the 1st quarter. Comerica Bank now owns 31,818 shares of the semiconductor company’s stock valued at $2,221,000 after buying an additional 927 shares during the last quarter. 98.30% of the stock is currently owned by institutional investors and hedge funds.

Power Integrations Company Profile

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 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, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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Analyst Recommendations for Power Integrations (NASDAQ:POWI)

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