Power Integrations (NASDAQ:POWI) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Power Integrations (NASDAQ:POWIGet Rating) from a buy rating to a hold rating in a research report report published on Tuesday morning.

A number of other research analysts have also recently commented on the company. Susquehanna Bancshares reissued a buy rating and issued a $105.00 target price on shares of Power Integrations in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Power Integrations from $90.00 to $80.00 in a research note on Wednesday, July 20th. Finally, Susquehanna reiterated a buy rating and set a $105.00 target price on shares of Power Integrations in a research report on Friday, April 29th.

Power Integrations Stock Down 3.3 %

POWI stock opened at $82.35 on Tuesday. Power Integrations has a 52-week low of $67.26 and a 52-week high of $110.66. The stock’s fifty day simple moving average is $77.98 and its 200-day simple moving average is $82.88. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 29.41 and a beta of 1.06.

Power Integrations (NASDAQ:POWIGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The semiconductor company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.87 by $0.16. Power Integrations had a net margin of 24.01% and a return on equity of 19.88%. The business had revenue of $183.99 million during the quarter, compared to the consensus estimate of $190.15 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, analysts anticipate that Power Integrations will post 3.34 earnings per share for the current fiscal year.

Insider Activity at Power Integrations

In other Power Integrations news, VP David Mh Matthews sold 3,984 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $85.29, for a total transaction of $339,795.36. Following the completion of the sale, the vice president now directly owns 118,193 shares in the company, valued at approximately $10,080,680.97. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Power Integrations news, VP David Mh Matthews sold 3,984 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $85.29, for a total transaction of $339,795.36. Following the transaction, the vice president now owns 118,193 shares in the company, valued at approximately $10,080,680.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Radu Barsan sold 21,223 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $85.00, for a total value of $1,803,955.00. Following the completion of the sale, the vice president now owns 40,881 shares of the company’s stock, valued at $3,474,885. The disclosure for this sale can be found here. Insiders have sold a total of 32,744 shares of company stock worth $2,766,288 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Several institutional investors have recently bought and sold shares of POWI. State Board of Administration of Florida Retirement System raised its stake in Power Integrations by 62.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 32,326 shares of the semiconductor company’s stock valued at $2,425,000 after purchasing an additional 12,427 shares during the period. M&T Bank Corp lifted its stake in shares of Power Integrations by 131.9% in the second quarter. M&T Bank Corp now owns 46,637 shares of the semiconductor company’s stock valued at $2,901,000 after buying an additional 26,522 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of Power Integrations in the 2nd quarter valued at approximately $15,395,000. Los Angeles Capital Management LLC grew its position in Power Integrations by 3.2% in the second quarter. Los Angeles Capital Management LLC now owns 69,410 shares of the semiconductor company’s stock valued at $5,206,000 after acquiring an additional 2,137 shares during the period. Finally, Royce & Associates LP grew its position in Power Integrations by 11.4% in the second quarter. Royce & Associates LP now owns 160,195 shares of the semiconductor company’s stock valued at $12,016,000 after acquiring an additional 16,440 shares during the period. 98.12% of the stock is currently owned by hedge funds and other institutional investors.

Power Integrations Company Profile

(Get Rating)

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.

See Also

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.