Power Integrations’ (POWI) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Power Integrations (NASDAQ:POWI) in a research note released on Monday, Benzinga reports. Stifel Nicolaus currently has a $95.00 price objective on the semiconductor company’s stock, down from their previous price objective of $100.00.

Separately, Benchmark reiterated a buy rating and issued a $90.00 target price on shares of Power Integrations in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $76.33.

Power Integrations Trading Up 1.9 %

POWI stock opened at $60.92 on Monday. Power Integrations has a one year low of $59.63 and a one year high of $89.68. The firm has a 50-day moving average of $71.98 and a two-hundred day moving average of $72.37. The firm has a market capitalization of $3.46 billion, a PE ratio of 66.22, a P/E/G ratio of 3.81 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. The business had revenue of $106.20 million during the quarter, compared to the consensus estimate of $105.02 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. On average, equities research analysts anticipate that Power Integrations will post 0.73 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. Power Integrations’s dividend payout ratio is currently 86.96%.

Insider Activity

In other Power Integrations news, CFO Sandeep Nayyar sold 4,839 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $77.25, for a total transaction of $373,812.75. Following the completion of the sale, the chief financial officer now owns 90,198 shares of the company’s stock, valued at $6,967,795.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Sandeep Nayyar sold 4,839 shares of Power Integrations stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $77.25, for a total value of $373,812.75. Following the transaction, the chief financial officer now owns 90,198 shares of the company’s stock, valued at $6,967,795.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Yang Chiah Yee sold 1,412 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the sale, the vice president now directly owns 45,436 shares of the company’s stock, valued at $3,350,905. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,100 shares of company stock valued at $2,481,667. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Several large investors have recently made changes to their positions in the business. Fifth Third Bancorp increased its position in Power Integrations by 8.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock worth $126,000 after buying an additional 135 shares during the period. GAMMA Investing LLC grew its stake in shares of Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 150 shares during the last quarter. US Bancorp DE increased its position in Power Integrations by 1.1% during the fourth quarter. US Bancorp DE now owns 14,399 shares of the semiconductor company’s stock worth $1,182,000 after acquiring an additional 161 shares during the period. Mather Group LLC. raised its stake in Power Integrations by 22.8% during the 2nd 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 last quarter. Finally, KLR Investment Advisors LLC boosted its holdings in Power Integrations by 4.2% in the 4th quarter. KLR Investment Advisors LLC now owns 4,157 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 168 shares during the period.

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.