Power Integrations (NASDAQ:POWI) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Power Integrations (NASDAQ:POWI) from a sell rating to a hold rating in a report published on Thursday.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price objective (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, November 8th. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, TD Cowen cut 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, August 7th. Three 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Stock Down 2.6 %

Shares of Power Integrations stock traded down $1.60 during trading on Thursday, reaching $60.51. The company’s stock had a trading volume of 83,757 shares, compared to its average volume of 408,388. Power Integrations has a 12-month low of $56.63 and a 12-month high of $89.68. The company has a market capitalization of $3.44 billion, a P/E ratio of 94.11, a price-to-earnings-growth ratio of 6.86 and a beta of 1.10. The business has a 50 day moving average price of $62.38 and a 200-day moving average price of $67.95.

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

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.39%. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio is presently 121.21%.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the sale, the vice president now directly owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. This represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,947 shares of company stock worth $713,190. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Power Integrations

Several hedge funds and other institutional investors have recently modified their holdings of POWI. Vanguard Group Inc. raised its holdings in Power Integrations by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after buying an additional 105,034 shares in the last quarter. Capital International Investors increased its stake in shares of Power Integrations by 6.5% in the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company’s stock worth $94,227,000 after purchasing an additional 80,775 shares during the period. Copeland Capital Management LLC increased its stake in Power Integrations by 21.5% during the third quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock valued at $77,401,000 after acquiring an additional 213,392 shares during the period. Ceredex Value Advisors LLC increased its stake in Power Integrations by 4.8% during the second quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company’s stock valued at $53,083,000 after acquiring an additional 34,400 shares during the period. Finally, Congress Asset Management Co. increased its stake in Power Integrations by 18.4% during the third quarter. Congress Asset Management Co. now owns 621,875 shares of the semiconductor company’s stock valued at $39,875,000 after acquiring an additional 96,609 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.