Power Integrations, Inc. (NASDAQ:POWI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $78.50.

Several equities analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft cut their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Susquehanna dropped their price target on shares of Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a research note on Thursday, August 8th. Finally, Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, August 12th.

Power Integrations Price Performance

Power Integrations stock opened at $64.95 on Thursday. The business has a fifty day moving average price of $62.40 and a 200-day moving average price of $68.59. Power Integrations has a 1-year low of $56.63 and a 1-year high of $89.68. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 70.60, a PEG ratio of 5.08 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, 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 in the previous year, the company earned $0.27 earnings per share. On average, equities research analysts anticipate that Power Integrations will post 0.59 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. Power Integrations’s payout ratio is 86.96%.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,420,144.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in 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 in the last quarter. Mather Group LLC. purchased a new stake in Power Integrations during the first quarter worth about $51,000. Fidelis Capital Partners LLC acquired a new position in Power Integrations during the first quarter worth about $55,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Power Integrations in the second quarter valued at about $63,000. Finally, Quest Partners LLC lifted its position 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 valued at $88,000 after acquiring an additional 240 shares during the period.

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.