Power Integrations (NASDAQ:POWI) Rating Increased to Hold at StockNews.com

Power Integrations (NASDAQ:POWI) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other research firms have also commented on POWI. Susquehanna lowered 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 report on Thursday, November 7th. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price objective (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, TD Cowen reduced their price objective on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Stock Down 1.9 %

Shares of POWI traded down $1.22 during trading hours on Thursday, hitting $62.11. The company had a trading volume of 481,060 shares, compared to its average volume of 409,857. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 94.11, a PEG ratio of 6.68 and a beta of 1.10. The business has a fifty day moving average of $62.38 and a 200-day moving average of $67.95. Power Integrations has a 12 month low of $56.63 and a 12 month high of $89.68.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.35 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. On average, equities analysts expect that Power Integrations will post 0.56 EPS for the current fiscal year.

Insider Activity

In other news, VP Sunil Gupta sold 2,127 shares of the firm’s 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 transaction, the vice president now owns 51,899 shares in the company, valued at $3,420,144.10. This trade represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now owns 86,375 shares in the company, 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 worth $713,190 over the last three months. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Power Integrations

A number of hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp lifted its holdings in Power Integrations by 8.1% during the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 135 shares during the period. GAMMA Investing LLC lifted its holdings in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 150 shares during the period. Mather Group LLC. increased its position in Power Integrations by 22.8% in the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after buying an additional 161 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Power Integrations by 1.2% in the first quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock worth $1,116,000 after buying an additional 185 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Power Integrations by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after buying an additional 205 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.