Brokerages Set Power Integrations, Inc. (NASDAQ:POWI) Price Target at $78.00

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $78.00.

POWI has been the topic of several analyst reports. Susquehanna dropped their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Monday, August 12th.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $65.51 on Friday. The business’s 50-day simple moving average is $63.34 and its 200 day simple moving average is $67.28. The company has a market cap of $3.73 billion, a P/E ratio of 99.26, a PEG ratio of 7.09 and a beta of 1.10. Power Integrations has a one year low of $56.63 and a one year high of $89.68.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. During the same quarter last year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts predict that Power Integrations will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.21 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.28%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is presently 121.21%.

Insider Buying and Selling

In related news, VP Clifford Walker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the sale, the vice president now directly owns 130,934 shares of the company’s stock, valued at $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the transaction, the vice president now directly 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 18,655 shares of company stock valued at $1,205,566 in the last three months. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Power Integrations

Several institutional investors and hedge funds have recently bought and sold shares of POWI. Tidal Investments LLC purchased a new stake in Power Integrations in the 1st quarter worth approximately $632,000. DekaBank Deutsche Girozentrale increased its position in Power Integrations by 7.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,622 shares of the semiconductor company’s stock worth $605,000 after purchasing an additional 633 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Mather Group LLC. raised its stake in shares of Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 161 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Power Integrations by 295.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,616 shares of the semiconductor company’s stock valued at $745,000 after buying an additional 7,932 shares during the last quarter.

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.