Power Integrations (NASDAQ:POWI) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Power Integrations (NASDAQ:POWI) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other brokerages have also commented on POWI. Susquehanna upped their price target on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Needham & Company LLC started coverage on shares of Power Integrations in a report on Wednesday, June 10th. They issued a “buy” rating and a $90.00 price target on the stock. Stifel Nicolaus boosted their price objective on shares of Power Integrations from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Benchmark upped their price objective on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $76.20.

Power Integrations Price Performance

POWI opened at $74.39 on Monday. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 247.97, a price-to-earnings-growth ratio of 3.65 and a beta of 1.57. The business has a 50-day moving average of $76.76 and a two-hundred day moving average of $60.11. Power Integrations has a 12 month low of $30.86 and a 12 month high of $91.18.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. During the same quarter in the prior year, the company posted $0.31 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Power Integrations will post 0.76 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Power Integrations’s payout ratio is 286.67%.

Insider Buying and Selling at Power Integrations

In other news, Director Balu Balakrishnan sold 124,287 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the transaction, the director owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. This trade represents a 30.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sunil Gupta sold 15,894 shares of Power Integrations 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 transaction, the vice president owned 71,239 shares in the company, valued at $5,854,421.02. The trade was a 18.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 334,772 shares of company stock valued at $27,322,535 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Power Integrations

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted 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 valued at $73,000 after purchasing an additional 251 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Power Integrations by 5.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 261 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Power Integrations by 2.7% in the 4th quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 340 shares in the last quarter. First National Bank of Omaha raised its position in shares of Power Integrations by 0.8% in the 4th quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock valued at $1,637,000 after purchasing an additional 366 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Power Integrations by 3.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,531 shares of the semiconductor company’s stock valued at $756,000 after purchasing an additional 389 shares in the last quarter.

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.