Power Integrations (NASDAQ:POWI) Stock Rating Reaffirmed by Benchmark

Benchmark reissued their buy rating on shares of Power Integrations (NASDAQ:POWI) in a research note published on Wednesday morning, Benzinga reports. They currently have a $78.00 target price on the semiconductor company’s stock.

A number of other brokerages have also commented on POWI. StockNews.com raised Power Integrations from a sell rating to a hold rating in a report on Friday, August 16th. Northland Capmk raised Power Integrations from a hold rating to a strong-buy rating in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on Power Integrations from $73.00 to $68.00 and set a hold rating on the stock in a research note on Wednesday, August 7th. Northland Securities upgraded shares of Power Integrations from a market perform rating to an outperform rating and set a $80.00 target price for the company in a research note on Monday, August 12th. Finally, TD Cowen dropped their price target on shares of Power Integrations from $80.00 to $70.00 and set a hold rating on the stock in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Power Integrations presently has a consensus rating of Moderate Buy and a consensus price target of $78.50.

Power Integrations Stock Up 2.4 %

Shares of POWI opened at $59.65 on Wednesday. The business’s fifty day moving average is $66.82 and its 200 day moving average is $70.02. Power Integrations has a 12-month low of $56.63 and a 12-month high of $89.68. The stock has a market cap of $3.39 billion, a P/E ratio of 64.84, a P/E/G ratio of 4.66 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The business’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share. On average, analysts expect that Power Integrations will post 0.6 EPS for the current year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, August 30th. Power Integrations’s dividend payout ratio (DPR) is currently 86.96%.

Insider Buying and Selling

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Sunil Gupta sold 2,127 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the transaction, the vice president now owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yang Chiah Yee sold 1,412 shares of Power Integrations stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $73.75, for a total value of $104,135.00. Following the completion of the sale, the vice president now directly owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,704 shares of company stock worth $255,359. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Duality Advisers LP bought a new position in shares of Power Integrations in the first quarter worth $1,261,000. Congress Asset Management Co. MA grew its holdings in Power Integrations by 14.8% during the 1st quarter. Congress Asset Management Co. MA now owns 487,506 shares of the semiconductor company’s stock valued at $34,881,000 after buying an additional 62,824 shares in the last quarter. TD Asset Management Inc purchased a new position in Power Integrations during the 4th quarter valued at about $1,299,000. Public Employees Retirement Association of Colorado increased its position in shares of Power Integrations by 2,011.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company’s stock valued at $21,427,000 after buying an additional 248,591 shares during the period. Finally, Tributary Capital Management LLC lifted its holdings in shares of Power Integrations by 19.9% in the first quarter. Tributary Capital Management LLC now owns 270,291 shares of the semiconductor company’s stock worth $19,339,000 after buying an additional 44,923 shares in 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.