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

Power Integrations, Inc. (NASDAQ:POWI) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $78.00.

A number of brokerages have recently commented on POWI. Susquehanna lowered their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, November 8th. Finally, StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

Insider Buying and Selling

In other news, 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 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 trade represents a 9.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Clifford Walker sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 18,655 shares of company stock valued at $1,205,566. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Power Integrations

Several hedge funds have recently made changes to their positions in POWI. Versant Capital Management Inc grew its stake in shares of Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. grew 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 valued at $39,000 after buying an additional 192 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Power Integrations in the third quarter valued at $87,000. KBC Group NV grew its stake in shares of Power Integrations by 32.0% in the third quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 432 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Power Integrations by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 205 shares in the last quarter.

Power Integrations Trading Down 0.5 %

Shares of NASDAQ:POWI opened at $62.93 on Friday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 95.35, a P/E/G ratio of 4.06 and a beta of 1.12. Power Integrations has a 1-year low of $56.63 and a 1-year high of $85.00. The business has a 50-day moving average price of $63.05 and a two-hundred day moving average price of $64.33.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The firm had revenue of $115.84 million during 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%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. As a group, equities analysts predict that Power Integrations will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 29th. Power Integrations’s dividend payout ratio is presently 127.27%.

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.