Power Integrations (NASDAQ:POWI) Stock Gets Price Target Reduction from Susquehanna

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

A number of other analysts have also issued reports on the stock. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Stifel Nicolaus cut their price target on Power Integrations from $80.00 to $72.00 and set a “buy” rating for the company in a report on Monday, October 5th. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Needham & Company LLC reduced their price target on Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.83.

Power Integrations Trading Down 0.3%

Shares of POWI stock opened at $46.98 on Wednesday. The firm has a 50-day moving average price of $50.84 and a 200 day moving average price of $63.82. Power Integrations has a twelve month low of $30.86 and a twelve month high of $91.18. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 71.39 and a beta of 1.54.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of POWI. Harbor Investment Advisory LLC acquired a new stake in shares of Power Integrations in the second quarter worth $33,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 period. Allworth Financial LP acquired a new position in shares of Power Integrations during the 2nd quarter valued at $42,000. Global Retirement Partners LLC acquired a new position in shares of Power Integrations during the 2nd quarter valued at $44,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Power Integrations during the 2nd quarter valued at $48,000.

About Power Integrations

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

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