Power Integrations, Inc. (NASDAQ:POWI) Receives Average Rating of “Moderate Buy” from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $78.00.

Several analysts recently commented on the stock. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday. Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th.

Power Integrations Stock Performance

POWI stock opened at $51.32 on Thursday. The firm has a 50 day moving average price of $58.99 and a 200-day moving average price of $61.59. Power Integrations has a 52-week low of $48.93 and a 52-week high of $79.13. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 90.04, a PEG ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, sell-side analysts forecast that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.64%. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Insiders Place Their Bets

In related news, CFO Sandeep Nayyar sold 5,152 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the transaction, the chief financial officer now owns 110,394 shares of the company’s stock, valued at approximately $6,706,435.50. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the sale, the vice president now directly owns 45,295 shares of the company’s stock, valued at approximately $2,993,093.60. This represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,544 shares of company stock valued at $2,433,105. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

A number of hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc increased its position in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Power Integrations during the 4th quarter valued at approximately $51,000.

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.