Power Integrations, Inc. (NASDAQ:POWI) Given Consensus Rating of “Moderate Buy” by Analysts

Power Integrations, Inc. (NASDAQ:POWI) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat.com reports. Two investment 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 twelve-month target price among brokers that have covered the stock in the last year is $78.00.

POWI has been the subject of a number of research analyst reports. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Benchmark reiterated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th.

Power Integrations Stock Up 14.7 %

Shares of NASDAQ:POWI opened at $48.33 on Thursday. Power Integrations has a 12-month low of $40.78 and a 12-month high of $79.13. The stock has a market cap of $2.75 billion, a PE ratio of 84.79, a P/E/G ratio of 4.08 and a beta of 1.32. The business has a 50 day moving average of $56.72 and a 200-day moving average of $60.85.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) 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 year.

Power Integrations Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.74%. Power Integrations’s dividend payout ratio is currently 147.37%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 1,088 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $55,368.32. Following the completion of the transaction, the vice president now directly owns 141,765 shares in the company, valued at $7,214,420.85. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the sale, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,105 shares of company stock worth $3,075,198 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Power Integrations

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. grew its stake in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Power Integrations by 3.4% during the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after buying an additional 207 shares during the last quarter. Snowden Capital Advisors LLC grew its stake in shares of Power Integrations by 1.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock worth $748,000 after buying an additional 211 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Power Integrations by 2.8% during the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after buying an additional 230 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Power Integrations by 16.9% during the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company’s stock worth $100,000 after buying an additional 234 shares during the last quarter.

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.