StockNews.com Upgrades Power Integrations (NASDAQ:POWI) to “Hold”

Power Integrations (NASDAQ:POWI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Other equities analysts have also recently issued reports about the company. Susquehanna cut their price target on Power Integrations from $95.00 to $80.00 and set a “positive” rating for the company in a report on Thursday, August 8th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Monday, August 12th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark reissued a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Three 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.50.

Power Integrations Stock Performance

NASDAQ:POWI traded down $0.68 during mid-day trading on Tuesday, hitting $62.36. 239,990 shares of the company’s stock traded hands, compared to its average volume of 406,762. The company has a market cap of $3.54 billion, a PE ratio of 83.15, a price-to-earnings-growth ratio of 5.15 and a beta of 1.10. The firm’s 50 day simple moving average is $62.68 and its 200 day simple moving average is $68.33. Power Integrations has a 1 year low of $56.63 and a 1 year high of $89.68.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The business had revenue of $106.20 million during the quarter, compared to analysts’ expectations of $105.02 million. During the same period last year, the company posted $0.27 EPS. The company’s revenue was down 13.8% on a year-over-year basis. On average, research analysts expect that Power Integrations will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the transaction, the vice president now owns 51,899 shares in the company, valued at $3,420,144.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Power Integrations

A number of large investors have recently modified their holdings of POWI. Copeland Capital Management LLC grew its stake in Power Integrations by 21.5% during the third quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after buying an additional 213,392 shares during the period. AlphaMark Advisors LLC acquired a new position in shares of Power Integrations during the 3rd quarter valued at $338,000. nVerses Capital LLC purchased a new stake in Power Integrations during the 3rd quarter worth $359,000. Heritage Family Offices LLP acquired a new stake in Power Integrations in the 3rd quarter valued at $202,000. Finally, Vontobel Holding Ltd. raised its position in Power Integrations by 5.2% in the third quarter. Vontobel Holding Ltd. now owns 382,273 shares of the semiconductor company’s stock valued at $24,511,000 after purchasing an additional 18,827 shares during the period.

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.