Power Integrations (NASDAQ:POWI) Stock Price Target Cut by Susquehanna

Power Integrations (NASDAQ:POWI) had its price target lowered by investment analysts at Susquehanna from $70.00 to $55.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna‘s price target would indicate a potential upside of 17.52% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research lowered Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Stifel Nicolaus set a $62.00 price objective on shares of Power Integrations in a research note on Thursday. Williams Trading set a $80.00 target price on shares of Power Integrations in a report on Thursday, August 6th. Finally, Needham & Company LLC dropped their price target on Power Integrations from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Power Integrations currently has an average rating of “Moderate Buy” and an average price target of $62.17.

Power Integrations Price Performance

NASDAQ POWI opened at $46.80 on Thursday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 104.00 and a beta of 1.58. The firm’s 50-day moving average is $49.49 and its two-hundred day moving average is $58.61. Power Integrations has a 12 month low of $30.86 and a 12 month high of $91.18.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Wednesday, November 4th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $125.48 million during the quarter, compared to analyst estimates of $126.03 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. As a group, analysts anticipate that Power Integrations will post 0.77 EPS for the current year.

Hedge Funds Weigh In On Power Integrations

Hedge funds have recently added to or reduced their stakes in the business. M&G PLC purchased a new position in Power Integrations during the third quarter worth $15,212,000. Fulcrum Asset Management LLP raised its holdings in shares of Power Integrations by 307.7% in the third quarter. Fulcrum Asset Management LLP now owns 1,117 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 843 shares during the last quarter. Heritage Family Offices LLP purchased a new stake in shares of Power Integrations in the third quarter valued at $32,000. Boston Trust Walden Corp lifted its position in shares of Power Integrations by 46.2% in the third quarter. Boston Trust Walden Corp now owns 1,290,017 shares of the semiconductor company’s stock valued at $66,823,000 after acquiring an additional 407,546 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Power Integrations by 22.7% during the third quarter. ProShare Advisors LLC now owns 240,018 shares of the semiconductor company’s stock valued at $12,433,000 after acquiring an additional 44,348 shares during the last quarter.

Power Integrations News Summary

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Q3 earnings were $0.46 per share, above analyst estimates of $0.41–$0.42 and up from $0.36 a year earlier. Revenue rose 5.5% year over year to $125.48 million. Zacks Q3 earnings report
• Positive Sentiment: The company declared a quarterly dividend of $0.215 per share, equivalent to $0.86 annually and a yield of about 1.8%, providing continued shareholder returns.
• Neutral Sentiment: Reports noted improving inventory levels, while the earnings-call coverage highlighted GaN-driven growth and margins. These trends could be constructive, though the available reports do not quantify their expected financial impact. Inventory trends report Earnings-call highlights
• Negative Sentiment: Revenue of $125.48 million missed the roughly $126.03 million analyst estimate. The small shortfall, despite year-over-year growth, may weigh on reaction to the results.

About Power Integrations

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.