Power Integrations (NASDAQ:POWI) Stock Rating Reaffirmed by Benchmark

Benchmark restated their buy rating on shares of Power Integrations (NASDAQ:POWI) in a report released on Wednesday morning, Benzinga reports. Benchmark currently has a $78.00 target price on the semiconductor company’s stock.

A number of other research firms also recently issued reports on POWI. Northland Securities upgraded 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 report on Monday, August 12th. TD Cowen cut their target price on shares of Power Integrations from $80.00 to $70.00 and set a hold rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their target price 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. Stifel Nicolaus reiterated a buy rating and issued a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, Northland Capmk upgraded shares of Power Integrations from a hold rating to a strong-buy rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $78.50.

Power Integrations Stock Performance

Power Integrations stock opened at $59.65 on Wednesday. The company has a 50 day moving average price of $67.04 and a 200 day moving average price of $70.10. Power Integrations has a 52 week low of $56.63 and a 52 week high of $89.68. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 64.84, a P/E/G ratio of 4.66 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 EPS 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 firm had revenue of $106.20 million during the quarter, compared to analyst estimates of $105.02 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue was down 13.8% on a year-over-year basis. Equities analysts forecast that Power Integrations will post 0.6 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.34%. Power Integrations’s dividend payout ratio (DPR) is presently 86.96%.

Insider Buying and Selling

In related 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 approximately $3,420,144.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Yang Chiah Yee sold 1,412 shares of Power Integrations 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 transaction, the vice president now owns 45,436 shares in the company, valued at approximately $3,350,905. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the transaction, the vice president now owns 51,899 shares in the company, valued at approximately $3,420,144.10. The disclosure for this sale can be found here. Insiders have sold 3,704 shares of company stock worth $255,359 in the last quarter. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of POWI. Truist Financial Corp acquired a new stake in Power Integrations in the 4th quarter worth $212,000. Natixis Advisors L.P. increased its holdings in shares of Power Integrations by 11.8% during the 4th quarter. Natixis Advisors L.P. now owns 12,422 shares of the semiconductor company’s stock worth $1,019,000 after purchasing an additional 1,312 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Power Integrations by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,948 shares of the semiconductor company’s stock worth $59,115,000 after purchasing an additional 10,740 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Power Integrations by 16.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,920 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 820 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Power Integrations by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 228,625 shares of the semiconductor company’s stock worth $18,772,000 after purchasing an additional 3,161 shares during the period.

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.