Power Integrations, Inc. (NASDAQ:POWI) Receives $61.00 Average Price Target from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $61.00.

Several equities analysts have recently weighed in on POWI shares. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Power Integrations in a report on Friday, February 6th. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Finally, Susquehanna upped their target price on shares of Power Integrations from $50.00 to $53.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd.

Power Integrations Price Performance

NASDAQ:POWI opened at $47.92 on Tuesday. The firm has a market capitalization of $2.66 billion, a P/E ratio of 122.87, a PEG ratio of 3.64 and a beta of 1.37. Power Integrations has a one year low of $30.86 and a one year high of $63.04. The company’s 50-day simple moving average is $43.29 and its 200 day simple moving average is $41.44.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The business had revenue of $103.20 million during the quarter, compared to the consensus estimate of $103.02 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a $0.215 dividend. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.86 annualized dividend and a yield of 1.8%. Power Integrations’s payout ratio is currently 215.38%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new position in Power Integrations in the third quarter valued at about $3,997,000. Copeland Capital Management LLC increased its holdings 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 worth $51,343,000 after acquiring an additional 86,123 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in shares of Power Integrations by 119.8% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 67,137 shares of the semiconductor company’s stock valued at $3,753,000 after purchasing an additional 36,592 shares during the period. ASR Vermogensbeheer N.V. raised its holdings in Power Integrations by 8.2% during the third quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock valued at $12,366,000 after acquiring an additional 23,354 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Power Integrations by 173.6% in the second quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock valued at $23,687,000 after acquiring an additional 268,875 shares in 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.