Power Integrations, Inc. (NASDAQ:POWI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $72.6667.

A number of research firms have recently weighed in on POWI. Zacks Research cut Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Stifel Nicolaus reduced their target price on Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Weiss Ratings upgraded Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Finally, Needham & Company LLC cut their price objective on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th.

Insiders Place Their Bets

In other news, Director Balu Balakrishnan sold 124,287 shares of Power Integrations stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the completion of the sale, the director directly owned 279,516 shares in the company, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Sunil Gupta sold 6,860 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $83.67, for a total transaction of $573,976.20. Following the sale, the vice president directly owned 64,379 shares in the company, valued at $5,386,590.93. This trade represents a 9.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 132,875 shares of company stock valued at $11,467,024. Insiders own 1.20% of the company’s stock.

Institutional Trading of Power Integrations

Several large investors have recently added to or reduced their stakes in POWI. Harbor Investment Advisory LLC acquired a new position in shares of Power Integrations in the second quarter valued at about $33,000. Allworth Financial LP acquired a new stake in shares of Power Integrations during the second quarter worth about $42,000. Global Retirement Partners LLC acquired a new stake in shares of Power Integrations during the second quarter worth about $44,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Power Integrations in the second quarter valued at approximately $48,000. Finally, Geneos Wealth Management Inc. boosted its position in Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 536 shares during the last quarter.

Power Integrations Stock Down 3.6%

NASDAQ POWI opened at $53.18 on Tuesday. Power Integrations has a 52 week low of $30.86 and a 52 week high of $91.18. The company has a 50 day moving average price of $69.11 and a 200 day moving average price of $63.23. The firm has a market cap of $2.97 billion, a PE ratio of 118.18 and a beta of 1.58.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The company had revenue of $118.94 million during the quarter, compared to the consensus estimate of $117.44 million. During the same period last year, the firm earned $0.35 earnings per share. Power Integrations’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Power Integrations will post 0.77 earnings per share for the current fiscal year.

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.