Power Integrations (NASDAQ:POWI) Given New $68.00 Price Target at Deutsche Bank Aktiengesellschaft

Power Integrations (NASDAQ:POWI) had its price target cut by Deutsche Bank Aktiengesellschaft from $73.00 to $68.00 in a research report released on Wednesday, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the stock. Benchmark reaffirmed a buy rating and issued a $90.00 price objective on shares of Power Integrations in a research note on Friday, June 7th. Stifel Nicolaus restated a buy rating and issued a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Finally, TD Cowen decreased their price target on Power Integrations from $80.00 to $70.00 and set a hold rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $76.33.

Power Integrations Trading Down 0.9 %

NASDAQ:POWI traded down $0.56 during trading hours on Wednesday, hitting $60.36. 465,216 shares of the company were exchanged, compared to its average volume of 427,034. The company has a fifty day simple moving average of $71.66 and a 200 day simple moving average of $72.15. Power Integrations has a one year low of $59.63 and a one year high of $89.68. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 65.61, a price-to-earnings-growth ratio of 3.58 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Power Integrations had a return on equity of 4.82% and a net margin of 10.38%. The company had revenue of $106.20 million during the quarter, compared to the consensus estimate of $105.02 million. During the same period last year, the company earned $0.27 earnings per share. The firm’s revenue was down 13.8% compared to the same quarter last year. Equities research analysts predict that Power Integrations will post 0.73 earnings per share for the current fiscal 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 dividend of $0.20 per share. The ex-dividend date is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.33%. Power Integrations’s dividend payout ratio (DPR) is currently 86.96%.

Insider Buying and Selling at Power Integrations

In other news, CFO Sandeep Nayyar sold 4,839 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $77.25, for a total value of $373,812.75. Following the completion of the sale, the chief financial officer now owns 90,198 shares in the company, valued at $6,967,795.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider David Mh Matthews sold 5,000 shares of Power Integrations stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $76.88, for a total value of $384,400.00. Following the completion of the transaction, the insider now owns 63,229 shares in the company, valued at $4,861,045.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandeep Nayyar sold 4,839 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $77.25, for a total transaction of $373,812.75. Following the sale, the chief financial officer now owns 90,198 shares in the company, valued at $6,967,795.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,100 shares of company stock worth $2,481,667. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Power Integrations in the fourth quarter worth $26,000. SRS Capital Advisors Inc. grew its holdings in Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares in the last quarter. Mather Group LLC. purchased a new position in Power Integrations during the 1st quarter valued at about $51,000. Fidelis Capital Partners LLC bought a new stake in shares of Power Integrations during the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Power Integrations in the second quarter worth about $63,000.

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.