Power Integrations (NASDAQ:POWI) Stock Rating Lowered by StockNews.com

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

Separately, Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Stock Down 2.7 %

Shares of POWI stock opened at $43.68 on Thursday. The business’s fifty day moving average is $58.27 and its 200 day moving average is $61.39. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 76.63, a PEG ratio of 4.08 and a beta of 1.32. Power Integrations has a twelve month low of $41.19 and a twelve month high of $79.13.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Equities research analysts expect that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.21 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.92%. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Insider Activity

In related news, CFO Sandeep Nayyar sold 5,152 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the sale, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at $6,706,435.50. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 9,544 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total value of $488,557.36. Following the completion of the transaction, the chief executive officer now directly owns 590,580 shares of the company’s stock, valued at approximately $30,231,790.20. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,105 shares of company stock worth $3,075,198 over the last 90 days. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Power Integrations

A number of large investors have recently added to or reduced their stakes in POWI. Wellington Management Group LLP lifted its holdings in shares of Power Integrations by 25.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after buying an additional 476,986 shares during the period. Norges Bank bought a new position in Power Integrations in the fourth quarter valued at about $19,663,000. Federated Hermes Inc. boosted its position in Power Integrations by 40.0% in the fourth quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company’s stock worth $43,870,000 after purchasing an additional 203,309 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock valued at $118,492,000 after purchasing an additional 178,896 shares during the period. Finally, Snyder Capital Management L P increased its position in shares of Power Integrations by 22.3% during the 4th quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company’s stock valued at $54,451,000 after purchasing an additional 160,784 shares during the last quarter.

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.