Analysts Set Power Integrations, Inc. (NASDAQ:POWI) Target Price at $78.00

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $78.00.

POWI has been the subject of a number of recent analyst reports. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Benchmark reissued a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th.

Power Integrations Stock Up 2.1 %

Shares of POWI opened at $57.25 on Friday. The business has a fifty day moving average of $60.90 and a 200 day moving average of $62.22. The company has a market cap of $3.26 billion, a PE ratio of 100.44, a P/E/G ratio of 4.08 and a beta of 1.11. Power Integrations has a 52-week low of $54.55 and a 52-week high of $79.13.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, research analysts anticipate that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Insider Activity at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 1,131 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $58.01, for a total value of $65,609.31. Following the completion of the sale, the vice president now directly owns 143,718 shares in the company, valued at $8,337,081.18. This trade represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now directly owns 45,295 shares in the company, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,544 shares of company stock valued at $2,433,105 over the last quarter. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

A number of large investors have recently modified their holdings of POWI. Smartleaf Asset Management LLC increased its position in shares of Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the period. Versant Capital Management Inc increased its holdings in shares of Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 534 shares during the period. UMB Bank n.a. raised its position in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 385 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Power Integrations in the fourth quarter valued at $51,000.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.