Power Integrations, Inc. (NASDAQ:POWI) Receives $78.00 Consensus Target Price from Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $78.00.

Several analysts recently commented on POWI shares. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, November 8th. Finally, Susquehanna decreased their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th.

Power Integrations Price Performance

Shares of POWI opened at $63.00 on Tuesday. The firm has a 50-day moving average of $63.77 and a 200-day moving average of $65.65. Power Integrations has a one year low of $56.63 and a one year high of $85.00. The company has a market cap of $3.58 billion, a PE ratio of 95.46, a price-to-earnings-growth ratio of 7.01 and a beta of 1.12.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. During the same period in the prior year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. Analysts expect that Power Integrations will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.21 per share. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.33%. Power Integrations’s dividend payout ratio is presently 127.27%.

Insider Buying and Selling

In other news, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total value of $643,600.00. Following the completion of the transaction, the vice president now owns 130,934 shares in the company, valued at approximately $8,426,912.24. The trade was a 7.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the transaction, the vice president now owns 86,375 shares in the company, valued at $5,610,920. This trade represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,655 shares of company stock worth $1,205,566. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Power Integrations

Several large investors have recently added to or reduced their stakes in POWI. State Street Corp lifted its stake in shares of Power Integrations by 1.1% during the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after buying an additional 27,488 shares during the period. Wellington Management Group LLP raised its holdings in Power Integrations by 25.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after acquiring an additional 476,986 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Power Integrations by 4.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after purchasing an additional 80,761 shares during the period. Geode Capital Management LLC raised its position in Power Integrations by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock valued at $101,033,000 after purchasing an additional 63,150 shares during the period. Finally, Copeland Capital Management LLC increased its holdings in Power Integrations by 21.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after purchasing an additional 213,392 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.