Power Integrations, Inc. (NASDAQ:POWI) Given Consensus Rating of “Hold” by Analysts

Power Integrations, Inc. (NASDAQ:POWI) has received an average rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $72.6667.

Several research firms have commented on POWI. Zacks Research downgraded Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Stifel Nicolaus reduced their price target on Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Susquehanna raised their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Wednesday, August 5th.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $62.10 on Tuesday. Power Integrations has a 52-week low of $30.86 and a 52-week high of $91.18. The company has a market capitalization of $3.47 billion, a PE ratio of 138.00 and a beta of 1.58. The company has a fifty day moving average of $71.33 and a 200-day moving average of $62.91.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $118.94 million for the quarter, compared to the consensus estimate 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 for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. On average, equities analysts forecast that Power Integrations will post 0.77 EPS for the current fiscal year.

Insider Buying and Selling at Power Integrations

In other news, VP Sunil Gupta sold 15,894 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the completion of the transaction, the vice president owned 71,239 shares of the company’s stock, valued at approximately $5,854,421.02. This trade represents a 18.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Balu Balakrishnan sold 124,287 shares of Power Integrations stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the transaction, the director owned 279,516 shares in the company, valued at approximately $24,161,363.04. This trade represents a 30.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 327,877 shares of company stock worth $26,823,268. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of POWI. BlackRock Inc. bought a new position in shares of Power Integrations during the second quarter worth about $730,559,000. Vanguard Group Inc. boosted its holdings in Power Integrations by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company’s stock valued at $268,573,000 after acquiring an additional 409,643 shares during the last quarter. State Street Corp increased its position in Power Integrations by 18.0% during the 4th quarter. State Street Corp now owns 3,400,970 shares of the semiconductor company’s stock valued at $120,870,000 after purchasing an additional 518,284 shares during the period. Wellington Management Group LLP increased its position in Power Integrations by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 2,423,972 shares of the semiconductor company’s stock valued at $86,148,000 after purchasing an additional 162,691 shares during the period. Finally, William Blair Investment Management LLC bought a new position in Power Integrations during the 2nd quarter worth approximately $199,517,000.

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.