Power Integrations Inc. (NASDAQ:POWI) has received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $64.67.
A number of research analysts have recently commented on the stock. Sidoti cut shares of Power Integrations from a “buy” rating to a “neutral” rating in a report on Thursday, June 23rd. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, July 20th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price target (up from $63.00) on shares of Power Integrations in a report on Thursday, October 13th. Finally, Deutsche Bank AG upped their price target on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, July 29th.
In other news, VP Ben Sutherland sold 2,216 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $57.97, for a total value of $128,461.52. Following the sale, the vice president now directly owns 23,868 shares in the company, valued at approximately $1,383,627.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balu Balakrishnan sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the insider now owns 210,730 shares in the company, valued at $11,590,150. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in Power Integrations by 111.2% in the second quarter. BNP Paribas Arbitrage SA now owns 8,986 shares of the company’s stock worth $450,000 after buying an additional 4,731 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in Power Integrations by 1.5% in the first quarter. First Republic Investment Management Inc. now owns 10,145 shares of the company’s stock worth $504,000 after buying an additional 145 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Power Integrations by 16.8% in the first quarter. Panagora Asset Management Inc. now owns 196,930 shares of the company’s stock worth $9,779,000 after buying an additional 28,278 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Power Integrations by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 43,098 shares of the company’s stock worth $2,140,000 after buying an additional 3,762 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Power Integrations by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 133,172 shares of the company’s stock worth $6,614,000 after buying an additional 44,862 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.
Shares of Power Integrations (NASDAQ:POWI) traded up 1.21% on Tuesday, reaching $62.95. 53,100 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $60.87 and a 200-day moving average price of $53.65. Power Integrations has a 12-month low of $39.53 and a 12-month high of $64.73. The company has a market cap of $1.82 billion, a PE ratio of 41.86 and a beta of 1.13.
Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, July 28th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Power Integrations had a net margin of 12.36% and a return on equity of 11.64%. The business had revenue of $97.20 million for the quarter, compared to the consensus estimate of $91.22 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts anticipate that Power Integrations will post $2.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, August 29th. Power Integrations’s payout ratio is 34.44%.
Power Integrations Company Profile
Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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