Brokerages Set Power Integrations, Inc. (NASDAQ:POWI) Target Price at $78.00

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $78.00.

POWI has been the subject of a number of analyst reports. Susquehanna dropped their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th.

Insider Buying and Selling at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $36,384,121.28. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Clifford Walker sold 10,000 shares of the business’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 value of $643,600.00. Following the completion of the sale, the vice president now directly owns 130,934 shares in the company, valued at approximately $8,426,912.24. The trade was a 7.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,151 shares of company stock worth $2,389,936 over the last three months. Insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Power Integrations by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company’s stock valued at $444,909,000 after purchasing an additional 114,047 shares in the last quarter. State Street Corp increased its position in shares of 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 acquiring an additional 27,488 shares during the period. Wellington Management Group LLP raised its stake in shares of Power Integrations by 4.5% in the fourth quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company’s stock valued at $150,879,000 after acquiring an additional 105,034 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Power Integrations by 4.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock valued at $135,400,000 after purchasing an additional 80,761 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Power Integrations by 10.3% during the 4th 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 in the last quarter.

Power Integrations Stock Performance

Shares of POWI stock opened at $59.58 on Wednesday. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $79.13. The stock’s fifty day moving average is $61.91 and its two-hundred day moving average is $62.68. The firm has a market capitalization of $3.39 billion, a P/E ratio of 104.53, a PEG ratio of 3.96 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. On average, equities analysts forecast that Power Integrations will post 0.9 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. Power Integrations’s payout ratio is currently 147.37%.

Power Integrations Company Profile

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.