Power Integrations, Inc. (NASDAQ:POWI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $78.00.

Several brokerages have weighed in on POWI. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday, November 8th. Susquehanna lowered their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th.

Power Integrations Stock Down 1.6 %

Shares of Power Integrations stock opened at $61.93 on Friday. Power Integrations has a 52-week low of $56.63 and a 52-week high of $85.00. The company’s 50-day simple moving average is $63.10 and its 200-day simple moving average is $64.25. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 93.83, a price-to-earnings-growth ratio of 4.10 and a beta of 1.12.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The company had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. During the same period in the prior year, the business posted $0.35 earnings per share. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that Power Integrations will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.21 per share. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.36%. Power Integrations’s dividend payout ratio is presently 127.27%.

Insider Activity at Power Integrations

In related news, VP Clifford Walker sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the transaction, the vice president now owns 130,934 shares of the company’s stock, valued at approximately $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the transaction, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. The trade was a 9.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,655 shares of company stock valued at $1,205,566. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

A number of large investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Power Integrations by 1.1% during the third quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after purchasing an additional 27,488 shares during the period. Wellington Management Group LLP raised its stake in Power Integrations by 25.6% during the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after purchasing an additional 476,986 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in Power Integrations by 4.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after purchasing an additional 80,761 shares during the period. Geode Capital Management LLC raised its stake in Power Integrations by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock worth $101,033,000 after purchasing an additional 63,150 shares during the period. Finally, Copeland Capital Management LLC raised its stake in Power Integrations by 1.2% during the fourth quarter. Copeland Capital Management LLC now owns 1,221,651 shares of the semiconductor company’s stock worth $75,376,000 after purchasing an additional 14,530 shares during the period.

About Power Integrations

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.