Power Integrations (NASDAQ:POWI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Power Integrations (NASDAQ:POWI) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

A number of other research firms also recently issued reports on POWI. Deutsche Bank Aktiengesellschaft dropped their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Susquehanna dropped their price objective on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Wednesday, September 11th. Finally, Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Power Integrations currently has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Power Integrations Stock Performance

NASDAQ:POWI opened at $63.48 on Friday. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The firm has a 50-day simple moving average of $62.34 and a two-hundred day simple moving average of $68.02. The firm has a market cap of $3.61 billion, a P/E ratio of 83.77, a P/E/G ratio of 4.85 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $105.02 million. During the same period in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. On average, equities research analysts predict that Power Integrations will post 0.59 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Power Integrations’s dividend payout ratio (DPR) is presently 106.67%.

Insider Buying and Selling

In other news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the sale, the vice president now directly owns 51,899 shares in the company, valued at approximately $3,420,144.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D raised its stake in shares of Power Integrations by 20.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 29,869 shares of the semiconductor company’s stock valued at $1,915,000 after acquiring an additional 5,097 shares in the last quarter. Montanaro Asset Management Ltd raised its position in Power Integrations by 4.1% during the 3rd quarter. Montanaro Asset Management Ltd now owns 205,050 shares of the semiconductor company’s stock valued at $13,148,000 after purchasing an additional 8,000 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Power Integrations by 10.6% in the 3rd quarter. Atria Investments Inc now owns 7,483 shares of the semiconductor company’s stock worth $480,000 after buying an additional 717 shares during the period. Assetmark Inc. lifted its holdings in shares of Power Integrations by 7.7% in the 3rd quarter. Assetmark Inc. now owns 16,904 shares of the semiconductor company’s stock worth $1,084,000 after buying an additional 1,207 shares during the period. Finally, Olympiad Research LP raised its holdings in shares of Power Integrations by 89.7% in the third quarter. Olympiad Research LP now owns 7,707 shares of the semiconductor company’s stock valued at $494,000 after acquiring an additional 3,645 shares in the last quarter.

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.