Power Integrations (NASDAQ:POWI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Power Integrations (NASDAQ:POWI) from a hold rating to a buy rating in a research report released on Saturday.

POWI has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Needham & Company LLC reduced their target price on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Wednesday, August 5th. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Williams Trading set a $80.00 price objective on shares of Power Integrations in a report on Thursday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Power Integrations presently has a consensus rating of “Hold” and a consensus target price of $72.67.

Power Integrations Stock Down 4.1%

NASDAQ:POWI opened at $61.97 on Friday. The firm has a market capitalization of $3.45 billion, a PE ratio of 137.71 and a beta of 1.58. Power Integrations has a 12-month low of $30.86 and a 12-month high of $91.18. The firm has a 50-day moving average price of $73.21 and a 200 day moving average price of $62.29.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The company had revenue of $118.94 million for the quarter, compared to the consensus estimate of $117.44 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, research analysts expect that Power Integrations will post 0.76 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, August 31st. Power Integrations’s dividend payout ratio (DPR) is currently 191.11%.

Insider Activity at Power Integrations

In other Power Integrations news, Director Nicholas Brathwaite sold 1,728 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the transaction, the director owned 22,226 shares of the company’s stock, valued at approximately $1,925,216.12. This represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Balu Balakrishnan sold 124,287 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was 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 in the company, valued at approximately $24,161,363.04. This trade represents a 30.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 334,772 shares of company stock worth $27,322,535. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Power Integrations in the 2nd quarter valued at $33,000. Kestra Advisory Services LLC acquired a new position in shares of Power Integrations in the 4th quarter valued at $36,000. UMB Bank n.a. increased its position in shares of Power Integrations by 61.7% in the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 410 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Power Integrations by 125.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 453 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.