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

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 Thursday.

POWI has been the subject of a number of other reports. 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. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 price target (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $60.04 on Thursday. Power Integrations has a 52-week low of $56.63 and a 52-week high of $89.68. The business’s 50 day simple moving average is $62.41 and its two-hundred day simple moving average is $67.91. The firm has a market cap of $3.41 billion, a P/E ratio of 90.97, a PEG ratio of 6.50 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last issued its earnings results 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. The company had revenue of $115.84 million for the quarter, compared to analysts’ expectations of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. Power Integrations’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. On average, equities analysts forecast that Power Integrations will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.40%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is presently 121.21%.

Insider Activity

In other news, VP Sunil Gupta sold 2,127 shares of the 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. This represents a 3.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Doug Bailey sold 8,549 shares of the stock in a transaction dated Monday, November 11th. The stock was 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 of the company’s stock, valued at $5,610,920. This represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,947 shares of company stock valued at $713,190 in the last three months. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of 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 in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in Power Integrations by 4.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after purchasing an additional 80,761 shares during the period. Barclays PLC boosted its stake in Power Integrations by 173.4% in the 3rd quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after purchasing an additional 114,644 shares during the period. MML Investors Services LLC grew its holdings in Power Integrations by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after buying an additional 207 shares in the last quarter. Finally, First National Bank of Omaha lifted its holdings in shares of Power Integrations by 1.3% in the third quarter. First National Bank of Omaha now owns 40,454 shares of the semiconductor company’s stock worth $2,594,000 after buying an additional 526 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.