Power Integrations (NASDAQ:POWI) Upgraded by Zacks Research to “Hold” Rating

Power Integrations (NASDAQ:POWI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Susquehanna lifted their price target on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Power Integrations in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.00.

Power Integrations Stock Performance

Shares of POWI opened at $47.92 on Thursday. The company has a 50 day moving average price of $43.29 and a 200-day moving average price of $41.48. Power Integrations has a fifty-two week low of $30.86 and a fifty-two week high of $63.04. The stock has a market capitalization of $2.66 billion, a PE ratio of 122.87, a PEG ratio of 3.68 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. Power Integrations’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. Equities research analysts forecast that Power Integrations will post 0.93 EPS for the current year.

Insiders Place Their Bets

In other Power Integrations news, VP Sunil Gupta sold 1,272 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $45.97, for a total value of $58,473.84. Following the completion of the sale, the vice president owned 96,933 shares of the company’s stock, valued at approximately $4,456,010.01. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Balu Balakrishnan sold 4,995 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $47.20, for a total value of $235,764.00. Following the sale, the director owned 576,256 shares in the company, valued at $27,199,283.20. The trade was a 0.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 41,518 shares of company stock valued at $1,920,642. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in shares of Power Integrations by 80.9% during the fourth quarter. Invesco Ltd. now owns 242,853 shares of the semiconductor company’s stock worth $8,631,000 after buying an additional 108,599 shares during the period. Vident Advisory LLC increased its position in shares of Power Integrations by 13.0% in the 4th quarter. Vident Advisory LLC now owns 11,697 shares of the semiconductor company’s stock valued at $416,000 after acquiring an additional 1,349 shares during the period. State of Tennessee Department of Treasury raised its stake in Power Integrations by 6.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 12,400 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 744 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Power Integrations by 20.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 26,362 shares of the semiconductor company’s stock worth $937,000 after acquiring an additional 4,520 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Power Integrations during the 4th quarter worth about $483,000.

Power Integrations Company Profile

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.