Stifel Nicolaus Cuts Power Integrations (NASDAQ:POWI) Price Target to $70.00

Power Integrations (NASDAQ:POWI) had its target price decreased by Stifel Nicolaus from $90.00 to $70.00 in a research note published on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the stock. Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.83.

Power Integrations Trading Up 1.1 %

NASDAQ POWI opened at $45.40 on Thursday. The business’s 50 day moving average is $54.91 and its two-hundred day moving average is $60.14. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 79.65, a PEG ratio of 4.08 and a beta of 1.32. Power Integrations has a 12-month low of $40.78 and a 12-month high of $79.13.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data 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 analysts forecast that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations’s payout ratio is currently 147.37%.

Insider Buying and Selling at Power Integrations

In related news, VP Clifford Walker sold 2,472 shares of Power Integrations stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the sale, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares in the company, valued at approximately $36,384,121.28. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,105 shares of company stock valued at $3,075,198 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

A number of hedge funds and other institutional investors have recently modified their holdings of POWI. Vanguard Group Inc. boosted its position in Power Integrations by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock worth $444,909,000 after acquiring an additional 114,047 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Power Integrations by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock worth $150,879,000 after purchasing an additional 105,034 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company’s stock worth $118,492,000 after purchasing an additional 178,896 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Power Integrations by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company’s stock worth $99,000,000 after purchasing an additional 28,793 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Power Integrations by 5.8% in the fourth quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company’s stock valued at $92,743,000 after purchasing an additional 82,681 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.