Power Integrations, Inc. (NASDAQ:POWI) Given Average Rating of “Hold” by Analysts

Power Integrations, Inc. (NASDAQ:POWI) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $76.20.

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Susquehanna upped their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Northland Securities lowered shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a research note on Monday, April 6th. Stifel Nicolaus upped their price objective on shares of Power Integrations from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Benchmark boosted their target price on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th.

Power Integrations Stock Performance

NASDAQ:POWI opened at $79.37 on Monday. The firm’s fifty day moving average is $75.78 and its 200-day moving average is $55.79. Power Integrations has a 52 week low of $30.86 and a 52 week high of $91.18. The firm has a market cap of $4.42 billion, a P/E ratio of 264.58, a P/E/G ratio of 3.45 and a beta of 1.57.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. During the same period in the prior year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Power Integrations will post 0.89 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 29th. Power Integrations’s payout ratio is presently 286.67%.

Insider Activity at Power Integrations

In other Power Integrations news, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the transaction, the director owned 279,516 shares in the company, valued at approximately $24,161,363.04. This represents a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Sunil Gupta sold 15,894 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the transaction, the vice president owned 71,239 shares in the company, valued at approximately $5,854,421.02. The trade was a 18.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 335,085 shares of company stock worth $27,338,789 in the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Covestor Ltd raised its holdings in Power Integrations by 13.8% during the fourth quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock worth $73,000 after buying an additional 251 shares during the last quarter. Baird Financial Group Inc. raised its holdings in Power Integrations by 5.4% during the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after buying an additional 261 shares during the last quarter. Cetera Investment Advisers raised its holdings in Power Integrations by 2.7% during the fourth quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock worth $461,000 after buying an additional 340 shares during the last quarter. First National Bank of Omaha raised its holdings in Power Integrations by 0.8% during the fourth quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock worth $1,637,000 after buying an additional 366 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in Power Integrations by 3.0% during the second quarter. Orion Porfolio Solutions LLC now owns 13,531 shares of the semiconductor company’s stock worth $756,000 after buying an additional 389 shares during the last quarter.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.