Power Integrations (NASDAQ:POWI) Stock Rating Upgraded by StockNews.com

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

Separately, Benchmark reaffirmed a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Power Integrations currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Down 0.7 %

Shares of POWI stock traded down $0.39 on Wednesday, reaching $55.35. 258,523 shares of the stock were exchanged, compared to its average volume of 412,501. Power Integrations has a 1-year low of $54.04 and a 1-year high of $79.13. The stock has a market cap of $3.15 billion, a P/E ratio of 97.11, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. The firm has a 50 day moving average of $60.05 and a two-hundred day moving average of $61.83.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, equities research analysts predict that Power Integrations will post 0.93 EPS for the current fiscal year.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the transaction, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. The trade was a 2.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Clifford Walker sold 1,131 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $65,609.31. Following the completion of the transaction, the vice president now directly owns 143,718 shares of the company’s stock, valued at approximately $8,337,081.18. The trade was a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,544 shares of company stock valued at $2,433,105 over the last 90 days. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of POWI. Smartleaf Asset Management LLC raised its position in shares of Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after buying an additional 534 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Power Integrations by 133.2% in the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Power Integrations during the 4th quarter valued at $51,000.

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.