Power Integrations (NASDAQ:POWI) Given New $77.00 Price Target at Susquehanna

Power Integrations (NASDAQ:POWI) had its price objective cut by investment analysts at Susquehanna from $80.00 to $77.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target indicates a potential upside of 15.79% from the stock’s current price.

POWI has been the subject of a number of other research reports. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. TD Cowen cut their target price on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Northland Securities raised 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 report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Stock Up 0.1 %

Shares of POWI stock traded up $0.07 during trading hours on Thursday, hitting $66.50. 172,545 shares of the company’s stock traded hands, compared to its average volume of 405,634. The stock’s fifty day simple moving average is $62.32 and its two-hundred day simple moving average is $68.02. 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 $3.78 billion, a price-to-earnings ratio of 88.67, a PEG ratio of 5.10 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The company had revenue of $106.20 million during the quarter, compared to analyst estimates of $105.02 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, equities analysts forecast that Power Integrations will post 0.59 earnings per share for the current fiscal year.

Insider Activity at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction on Tuesday, August 27th. The shares were 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 in the company, valued at approximately $3,420,144.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 2,398 shares of company stock worth $157,847. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Power Integrations

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Power Integrations by 69.8% in the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Mather Group LLC. lifted its stake in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Power Integrations in the 2nd quarter worth $63,000. Quest Partners LLC lifted its stake in Power Integrations by 23.5% in the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 240 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Power Integrations by 16.3% in the 1st quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 222 shares in 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.