Power Integrations (NASDAQ:POWI) Given New $72.00 Price Target at Stifel Nicolaus

Power Integrations (NASDAQ:POWI) had its price target decreased by Stifel Nicolaus from $80.00 to $72.00 in a research report sent to investors on Monday morning, Marketbeat reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

Several other research firms have also weighed in on POWI. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Zacks Research downgraded shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Williams Trading set a $80.00 price target on Power Integrations in a research note on Thursday, August 6th. Finally, Needham & Company LLC cut their price objective on Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.33.

Power Integrations Trading Down 0.2%

Shares of POWI stock opened at $54.36 on Monday. The stock has a 50 day simple moving average of $54.74 and a 200 day simple moving average of $64.12. The stock has a market cap of $3.04 billion, a P/E ratio of 120.80 and a beta of 1.54. Power Integrations has a 1 year low of $30.86 and a 1 year high of $91.18.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $118.94 million for the quarter, compared to analysts’ expectations of $117.44 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.Power Integrations’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. Analysts forecast that Power Integrations will post 0.77 EPS for the current year.

Hedge Funds Weigh In On Power Integrations

Institutional investors have recently modified their holdings of the company. Harbor Investment Advisory LLC acquired a new position in Power Integrations during the second quarter worth $33,000. Allworth Financial LP bought a new stake in Power Integrations during the 2nd quarter worth approximately $42,000. Global Retirement Partners LLC bought a new stake in Power Integrations during the 2nd quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Power Integrations in the second quarter worth approximately $48,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Power Integrations by 125.5% in the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 453 shares in the last quarter.

About Power Integrations

Power Integrations, Inc is a semiconductor company that designs and manufactures high-performance power-conversion technologies. Its products are used to convert and manage electrical power in applications such as consumer electronics, appliances, industrial equipment, communications systems, renewable-energy installations and automotive systems.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor-correction systems, high-voltage gate drivers and motor-drive applications.