Power Integrations, Inc. (NASDAQ:POWI) Receives $86.17 Average Price Target from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $86.17.

Several equities research analysts recently issued reports on the stock. Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a research report on Monday, February 26th. Benchmark lifted their price target on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, February 9th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Stifel Nicolaus lifted their price target on shares of Power Integrations from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, TD Cowen raised their price objective on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th.

Power Integrations Trading Down 1.9 %

Power Integrations stock opened at $65.59 on Thursday. Power Integrations has a 12-month low of $65.58 and a 12-month high of $99.60. The stock has a market cap of $3.73 billion, a P/E ratio of 67.62 and a beta of 1.21. The company has a 50-day moving average price of $71.58 and a 200 day moving average price of $75.13.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. The firm had revenue of $89.51 million during the quarter, compared to analysts’ expectations of $90.21 million. As a group, analysts forecast that Power Integrations will post 0.65 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 28th. Power Integrations’s payout ratio is 82.47%.

Insider Activity

In related news, VP Doug Bailey sold 822 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $60,795.12. Following the completion of the transaction, the vice president now owns 99,106 shares in the company, valued at $7,329,879.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Doug Bailey sold 822 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $60,795.12. Following the completion of the transaction, the vice president now owns 99,106 shares in the company, valued at $7,329,879.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Mh Matthews sold 1,095 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $73.96, for a total transaction of $80,986.20. Following the completion of the transaction, the insider now owns 59,733 shares of the company’s stock, valued at approximately $4,417,852.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,411 shares of company stock valued at $4,203,262. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of Power Integrations by 109.7% during the 4th quarter. Morgan Stanley now owns 1,024,483 shares of the semiconductor company’s stock worth $73,476,000 after buying an additional 535,900 shares during the last quarter. Norges Bank purchased a new stake in shares of Power Integrations during the 4th quarter worth approximately $35,392,000. Kodai Capital Management LP purchased a new stake in shares of Power Integrations during the 4th quarter worth approximately $39,467,000. Capital International Investors lifted its position in shares of Power Integrations by 46.2% during the 4th quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock worth $101,501,000 after buying an additional 390,373 shares during the last quarter. Finally, Robeco Schweiz AG lifted its position in shares of Power Integrations by 49.3% during the 1st quarter. Robeco Schweiz AG now owns 1,176,650 shares of the semiconductor company’s stock worth $109,052,000 after buying an additional 388,650 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.