Power Integrations (POWI) Downgraded by BidaskClub

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BidaskClub cut shares of Power Integrations (NASDAQ:POWI) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.

Several other research analysts have also commented on the company. Northland Securities initiated coverage on Power Integrations in a report on Monday, November 26th. They set an outperform rating and a $66.00 price objective for the company. ValuEngine raised Power Integrations from a hold rating to a buy rating in a report on Friday, January 25th. TheStreet raised Power Integrations from a c+ rating to a b- rating in a report on Tuesday, December 18th. Finally, Zacks Investment Research raised Power Integrations from a sell rating to a hold rating in a report on Friday, December 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $78.50.

POWI stock opened at $70.13 on Tuesday. Power Integrations has a twelve month low of $47.35 and a twelve month high of $80.50. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 32.77 and a beta of 1.06.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 7th. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.24. Power Integrations had a return on equity of 12.19% and a net margin of 16.83%. The company had revenue of $93.30 million during the quarter, compared to analyst estimates of $97.12 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Power Integrations’s revenue was down 13.8% on a year-over-year basis. As a group, equities research analysts expect that Power Integrations will post 1.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be given a $0.17 dividend. This is an increase from Power Integrations’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.97%. Power Integrations’s payout ratio is presently 31.78%.

In related news, VP Doug Bailey sold 1,481 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $65.58, for a total value of $97,123.98. Following the completion of the sale, the vice president now owns 52,566 shares in the company, valued at approximately $3,447,278.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Mh Matthews sold 1,309 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $72.92, for a total value of $95,452.28. Following the completion of the sale, the vice president now owns 59,907 shares of the company’s stock, valued at approximately $4,368,418.44. The disclosure for this sale can be found here. Insiders sold a total of 73,965 shares of company stock valued at $5,123,593 in the last 90 days. 4.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in POWI. Meeder Asset Management Inc. bought a new stake in Power Integrations in the 4th quarter worth approximately $54,000. We Are One Seven LLC bought a new stake in Power Integrations in the fourth quarter valued at approximately $87,000. ETF Managers Group LLC lifted its position in Power Integrations by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 1,904 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 258 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Power Integrations by 7.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 200 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in Power Integrations by 15.9% in the fourth quarter. Advisor Group Inc. now owns 3,097 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 426 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

About Power Integrations

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

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