Power Integrations (NASDAQ:POWI) Downgraded by Zacks Research to Strong Sell

Power Integrations (NASDAQ:POWI) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

POWI has been the topic of a number of other research reports. Benchmark raised their target price on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Finally, Susquehanna boosted their price objective on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Power Integrations presently has an average rating of “Hold” and an average target price of $61.00.

Power Integrations Stock Performance

POWI opened at $47.12 on Wednesday. The company has a fifty day moving average price of $38.56 and a two-hundred day moving average price of $42.05. Power Integrations has a 52 week low of $30.86 and a 52 week high of $68.20. The firm has a market capitalization of $2.61 billion, a PE ratio of 152.00, a P/E/G ratio of 5.44 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The company had revenue of $118.92 million for the quarter, compared to the consensus estimate of $118.36 million. During the same quarter in the prior year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that Power Integrations will post 0.93 EPS for the current year.

Insider Activity at Power Integrations

In other Power Integrations news, VP Gagan Jain sold 1,033 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $33.80, for a total transaction of $34,915.40. Following the sale, the vice president directly owned 17,212 shares in the company, valued at approximately $581,765.60. This trade represents a 5.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Sunil Gupta sold 1,698 shares of Power Integrations stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $46.50, for a total transaction of $78,957.00. Following the completion of the transaction, the vice president directly owned 97,672 shares in the company, valued at approximately $4,541,748. The trade was a 1.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,837 shares of company stock valued at $164,604 over the last quarter. 1.40% of the stock is owned by insiders.

Institutional Trading of Power Integrations

A number of institutional investors have recently modified their holdings of the company. WCM Investment Management LLC raised its holdings in shares of Power Integrations by 5.9% in the second quarter. WCM Investment Management LLC now owns 260,629 shares of the semiconductor company’s stock valued at $14,530,000 after purchasing an additional 14,441 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Power Integrations in the third quarter valued at $3,997,000. Copeland Capital Management LLC increased its stake in Power Integrations by 7.2% in the 3rd quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock valued at $51,343,000 after buying an additional 86,123 shares during the last quarter. Marshall Wace LLP lifted its position in Power Integrations by 173.6% during the 2nd quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock worth $23,687,000 after buying an additional 268,875 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. boosted its stake in shares of Power Integrations by 8.2% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock worth $12,366,000 after buying an additional 23,354 shares during the last quarter.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.