Power Integrations, Inc. (NASDAQ:POWI) Given Average Recommendation of “Moderate Buy” by Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $78.50.

A number of brokerages recently issued reports on POWI. Susquehanna dropped their price target on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a research note on Thursday, August 8th. Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Finally, TD Cowen cut their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th.

Power Integrations Stock Up 3.3 %

NASDAQ:POWI opened at $61.46 on Friday. The firm’s fifty day simple moving average is $65.79 and its 200 day simple moving average is $69.69. The stock has a market cap of $3.49 billion, a P/E ratio of 66.80, a price-to-earnings-growth ratio of 4.62 and a beta of 1.10. Power Integrations has a twelve month low of $56.63 and a twelve month high of $89.68.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $106.20 million for the quarter, compared to analysts’ expectations of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, analysts expect that Power Integrations will post 0.6 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, August 30th. Power Integrations’s dividend payout ratio (DPR) is currently 86.96%.

Insider Transactions at Power Integrations

In other news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the sale, the vice president now directly owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Mather Group LLC. bought a new position in shares of Power Integrations during the 1st quarter worth approximately $51,000. Fidelis Capital Partners LLC purchased a new stake in Power Integrations during the first quarter valued at approximately $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Power Integrations in the second quarter valued at approximately $63,000. Finally, Quest Partners LLC grew its holdings in Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 240 shares during the last quarter.

Power Integrations Company Profile

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.