Power Integrations, Inc. (NASDAQ:POWI) Receives $76.20 Average Target Price from Brokerages

Shares of Power Integrations, Inc. (NASDAQ:POWI) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $76.20.

A number of brokerages have commented on POWI. Susquehanna upped their price target on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Benchmark boosted their price objective on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Zacks Research downgraded Power Integrations from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Finally, Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research note on Monday, April 6th.

Insider Activity

In other Power Integrations news, Director Nicholas Brathwaite sold 1,728 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total transaction of $149,679.36. Following the sale, the director directly owned 22,226 shares of the company’s stock, valued at $1,925,216.12. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sunil Gupta sold 6,860 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $83.67, for a total value of $573,976.20. Following the completion of the transaction, the vice president owned 64,379 shares in the company, valued at $5,386,590.93. The trade was a 9.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 334,772 shares of company stock worth $27,322,535 in the last three months. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its holdings in Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Power Integrations during the second quarter worth $33,000. Kestra Advisory Services LLC purchased a new position in Power Integrations during the fourth quarter valued at $36,000. UMB Bank n.a. grew its stake in Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 410 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Power Integrations by 125.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 453 shares during the last quarter.

Power Integrations Trading Up 7.6%

Shares of NASDAQ POWI opened at $60.87 on Friday. Power Integrations has a 12-month low of $30.86 and a 12-month high of $91.18. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 202.91 and a beta of 1.57. The firm has a 50 day moving average of $75.86 and a 200 day moving average of $61.33.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business had revenue of $108.31 million for the quarter, compared to the consensus estimate of $106.75 million. During the same period last year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts predict that Power Integrations will post 0.76 EPS for the current year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $0.215 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.4%. Power Integrations’s dividend payout ratio is 286.67%.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.