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

Power Integrations, Inc. (NASDAQ:POWI) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $87.40.

Separately, Benchmark restated a “buy” rating and set a $90.00 price target on shares of Power Integrations in a report on Friday, June 7th.

Insider Activity at Power Integrations

In other Power Integrations news, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $73.75, for a total value of $104,135.00. Following the completion of the transaction, the vice president now owns 45,436 shares in the company, valued at $3,350,905. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Power Integrations news, CFO Sandeep Nayyar sold 4,839 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $77.25, for a total value of $373,812.75. Following the completion of the transaction, the chief financial officer now owns 90,198 shares in the company, valued at $6,967,795.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the completion of the transaction, the vice president now owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,100 shares of company stock worth $2,481,667. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Several institutional investors have recently modified their holdings of POWI. Kodai Capital Management LP purchased a new stake in shares of Power Integrations during the 4th quarter worth $39,467,000. Norges Bank purchased a new stake in shares of Power Integrations during the 4th quarter worth $37,424,000. Capital International Investors lifted its position in shares of Power Integrations by 46.2% during the 4th quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock worth $101,501,000 after purchasing an additional 390,373 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Power Integrations by 2,011.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company’s stock worth $21,427,000 after purchasing an additional 248,591 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Power Integrations by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after acquiring an additional 154,032 shares during the last quarter.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $71.87 on Tuesday. The company has a 50 day simple moving average of $73.58 and a 200-day simple moving average of $73.64. The company has a market capitalization of $4.08 billion, a P/E ratio of 78.12, a P/E/G ratio of 3.93 and a beta of 1.11. Power Integrations has a 1 year low of $62.13 and a 1 year high of $99.60.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $91.69 million during the quarter, compared to the consensus estimate of $89.98 million. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. As a group, research analysts expect that Power Integrations will post 0.73 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were issued a $0.20 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 1.11%. Power Integrations’s dividend payout ratio (DPR) is presently 86.96%.

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.