Zacks Research Upgrades Power Integrations (NASDAQ:POWI) to “Hold”

Power Integrations (NASDAQ:POWI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other brokerages have also weighed in on POWI. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Power Integrations in a research note on Friday, February 6th. Finally, Susquehanna raised their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Power Integrations currently has a consensus rating of “Hold” and a consensus price target of $61.00.

Power Integrations Stock Down 1.1%

POWI stock traded down $0.54 during midday trading on Thursday, hitting $47.92. The company’s stock had a trading volume of 902,246 shares, compared to its average volume of 858,372. Power Integrations has a 12 month low of $30.86 and a 12 month high of $63.04. The company has a 50 day moving average of $43.29 and a two-hundred day moving average of $41.48. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 122.87, a price-to-earnings-growth ratio of 3.68 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $103.20 million for the quarter, compared to the consensus estimate of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, analysts anticipate that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Gagan Jain sold 3,481 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total value of $167,853.82. Following the completion of the sale, the vice president directly owned 30,769 shares of the company’s stock, valued at $1,483,681.18. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Balu Balakrishnan sold 4,995 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $47.20, for a total value of $235,764.00. Following the transaction, the director directly owned 576,256 shares in the company, valued at approximately $27,199,283.20. This represents a 0.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 41,518 shares of company stock valued at $1,920,642. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Power Integrations

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Power Integrations by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock worth $268,573,000 after purchasing an additional 409,643 shares during the period. State Street Corp raised its holdings in shares of Power Integrations by 18.0% in the fourth quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock worth $120,870,000 after buying an additional 518,284 shares during the period. Wellington Management Group LLP lifted its stake in shares of Power Integrations by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock worth $86,148,000 after acquiring an additional 162,691 shares during the last quarter. Snyder Capital Management L P boosted its holdings in Power Integrations by 148.8% during the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after acquiring an additional 1,234,981 shares during the period. Finally, Morgan Stanley grew its position in Power Integrations by 1.4% in the 4th quarter. Morgan Stanley now owns 1,479,555 shares of the semiconductor company’s stock valued at $52,583,000 after acquiring an additional 20,618 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.