Power Integrations (NASDAQ:POWI) Price Target Raised to $85.00 at Susquehanna

Power Integrations (NASDAQ:POWI) had its target price lifted by Susquehanna from $70.00 to $85.00 in a report released on Friday morning, MarketBeat Ratings reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on POWI. Stifel Nicolaus raised their target price on shares of Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Benchmark increased their price objective on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Northland Securities cut shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a research note on Monday, April 6th. Finally, Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.50.

Power Integrations Stock Up 2.0%

Shares of Power Integrations stock opened at $73.28 on Friday. The company has a market cap of $4.08 billion, a PE ratio of 244.27, a P/E/G ratio of 5.45 and a beta of 1.54. Power Integrations has a 52 week low of $30.86 and a 52 week high of $81.59. The business has a 50 day moving average of $55.06 and a 200 day moving average of $45.36.

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, beating the consensus estimate of $0.23 by $0.02. Power Integrations had a return on equity of 5.32% and a net margin of 3.72%.The business had revenue of $108.31 million during the quarter, compared to analysts’ expectations of $106.75 million. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Power Integrations will post 0.64 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.2%. Power Integrations’s payout ratio is currently 286.67%.

Insider Buying and Selling

In other news, VP Gagan Jain sold 3,481 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total value of $167,853.82. Following the sale, the vice president owned 30,769 shares of the company’s stock, valued at approximately $1,483,681.18. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sunil Gupta sold 1,272 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $45.97, for a total transaction of $58,473.84. Following the completion of the sale, the vice president owned 96,933 shares of the company’s stock, valued at $4,456,010.01. This trade represents a 1.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 21,152 shares of company stock worth $994,599. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Power Integrations

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in shares of Power Integrations by 576.3% during the first 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 during the period. Hantz Financial Services Inc. raised its holdings in shares of Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after buying an additional 371 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Power Integrations during the 4th quarter worth approximately $36,000. UMB Bank n.a. boosted its holdings in Power Integrations by 61.7% during the 4th 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 during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Power Integrations during the 4th quarter valued at $48,000.

Power Integrations News Roundup

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Susquehanna raised its price target on Power Integrations to $85 from $70 and reiterated a positive rating, signaling more upside optimism after the latest results. Benzinga The Fly
• Positive Sentiment: Power Integrations reported first-quarter earnings of $0.25 per share, topping estimates, and revenue of $108.3 million versus consensus of $106.8 million, suggesting continued demand resilience. MarketBeat
• Positive Sentiment: The company’s second-quarter revenue guidance of $115 million to $120 million brackets Wall Street’s forecast, which investors may view as a constructive outlook following the earnings release. MarketBeat
• Positive Sentiment: Power Integrations declared a quarterly dividend of $0.215 per share, reinforcing capital return to shareholders. MSN
• Neutral Sentiment: The company appointed semiconductor veteran Mike Balow as senior vice president of worldwide sales, a leadership move that could support future growth but does not have an immediate financial impact. TipRanks
• Neutral Sentiment: The company also noted improving inventory levels, which is encouraging for operations but is still early evidence rather than a confirmed long-term trend. MSN

About Power Integrations

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.