StockNews.com Upgrades Power Integrations (NASDAQ:POWI) to Buy

Power Integrations (NASDAQ:POWI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Other research analysts have also recently issued research reports about the company. Benchmark reissued a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday. Susquehanna decreased their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Trading Up 0.8 %

POWI traded up $0.48 during trading on Tuesday, reaching $58.34. 369,370 shares of the company were exchanged, compared to its average volume of 464,369. The stock has a market cap of $3.32 billion, a P/E ratio of 102.35, a PEG ratio of 3.96 and a beta of 1.11. The firm has a 50 day moving average of $62.14 and a 200 day moving average of $62.95. Power Integrations has a 52 week low of $56.63 and a 52 week high of $81.50.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. As a group, analysts forecast that Power Integrations will post 0.9 earnings per share for the current fiscal year.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the sale, the chief executive officer now directly owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Nayyar sold 1,877 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $58.01, for a total value of $108,884.77. Following the completion of the sale, the chief financial officer now directly owns 112,653 shares of the company’s stock, valued at approximately $6,535,000.53. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,151 shares of company stock valued at $2,389,936 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

Several hedge funds have recently bought and sold shares of the business. UMB Bank n.a. increased its position in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares during the last quarter. First Horizon Advisors Inc. increased its position in Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares during the last quarter. MML Investors Services LLC increased its position in Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 207 shares during the last quarter. Pacer Advisors Inc. increased its position in Power Integrations by 2.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 230 shares during the last quarter. Finally, Stephens Inc. AR increased its position in Power Integrations by 5.8% in the 3rd quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 255 shares during the last quarter.

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.