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

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

Several analysts have issued reports on POWI shares. Benchmark reissued a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research note on Friday, November 8th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, August 12th. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Susquehanna decreased their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th.

Power Integrations Stock Down 1.9 %

Shares of POWI opened at $62.67 on Friday. Power Integrations has a 52-week low of $56.63 and a 52-week high of $89.68. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 94.96, a PEG ratio of 7.16 and a beta of 1.12. The business’s 50 day moving average is $63.61 and its two-hundred day moving average is $67.00.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. During the same period in the previous year, the business posted $0.35 EPS. Power Integrations’s revenue was down 7.7% on a year-over-year basis. On average, equities analysts expect that Power Integrations will post 0.54 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.34%. Power Integrations’s dividend payout ratio is 127.27%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares of the company’s stock, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Clifford Walker sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the transaction, the vice president now owns 130,934 shares in the company, valued at $8,426,912.24. This represents a 7.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,655 shares of company stock valued at $1,205,566. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Power Integrations

A number of large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 150 shares during the last quarter. Mather Group LLC. lifted its position in Power Integrations by 22.8% during the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 161 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Power Integrations during the second quarter valued at $63,000. Quest Partners LLC boosted its stake in shares of Power Integrations by 23.5% during the 2nd quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 240 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Power Integrations in the third quarter worth about $87,000.

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.