Power Integrations, Inc. (NASDAQ:POWI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $64.50.

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Benchmark raised their target price on shares of Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Susquehanna raised their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Finally, Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research note on Monday, April 6th.

Insider Buying and Selling

In related news, VP Sunil Gupta sold 15,894 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the sale, the vice president owned 71,239 shares in the company, valued at approximately $5,854,421.02. This trade represents a 18.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicholas Brathwaite sold 6,895 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95. Following the sale, the director owned 30,609 shares in the company, valued at approximately $2,216,397.69. This represents a 18.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 335,085 shares of company stock valued at $27,338,789 over the last 90 days. Insiders own 1.40% of the company’s stock.

Institutional Trading of Power Integrations

Several institutional investors have recently modified their holdings of POWI. Covestor Ltd lifted its holdings in Power Integrations by 13.8% in the fourth quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 251 shares during the period. Baird Financial Group Inc. raised its position in Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after acquiring an additional 261 shares in the last quarter. Cetera Investment Advisers raised its position in Power Integrations by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock worth $461,000 after acquiring an additional 340 shares in the last quarter. First National Bank of Omaha raised its position in Power Integrations by 0.8% in the fourth quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock worth $1,637,000 after acquiring an additional 366 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 371 shares in the last quarter.

Power Integrations Stock Up 1.0%

POWI opened at $84.99 on Thursday. The firm has a 50-day simple moving average of $66.00 and a two-hundred day simple moving average of $50.16. Power Integrations has a 52 week low of $30.86 and a 52 week high of $89.00. The company has a market capitalization of $4.74 billion, a PE ratio of 283.31, a price-to-earnings-growth ratio of 3.66 and a beta of 1.57.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm had revenue of $108.31 million for the quarter, compared to analysts’ expectations of $106.75 million. During the same period in the prior year, the company earned $0.31 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts expect that Power Integrations will post 0.89 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio (DPR) is 286.67%.

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.