Power Integrations (NASDAQ:POWI) Now Covered by Roth Capital

Equities research analysts at Roth Capital started coverage on shares of Power Integrations (NASDAQ:POWI) in a research note issued on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $52.00 price target on the semiconductor company’s stock. Roth Capital‘s target price suggests a potential upside of 12.90% from the stock’s current price.

Several other research firms also recently weighed in on POWI. Williams Trading set a $65.00 target price on shares of Power Integrations in a research note on Thursday, November 5th. Stifel Nicolaus set a $62.00 price target on shares of Power Integrations in a research report on Thursday, November 5th. Weiss Ratings upgraded shares of Power Integrations from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Needham & Company LLC dropped their price target on shares of Power Integrations from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Finally, Wall Street Zen raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

Power Integrations Stock Performance

POWI stock opened at $46.06 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 52.24 and a beta of 1.58. Power Integrations has a fifty-two week low of $30.86 and a fifty-two week high of $91.18. The stock has a fifty day moving average of $48.43 and a 200-day moving average of $58.58.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Power Integrations had a return on equity of 7.36% and a net margin of 9.81%. The company had revenue of $125.48 million during the quarter, compared to analyst estimates of $126.03 million. During the same quarter last year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts predict that Power Integrations will post 0.77 EPS for the current year.

Institutional Trading of Power Integrations

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in Power Integrations in the 3rd quarter worth approximately $1,503,000. USS Investment Management Ltd grew its position in shares of Power Integrations by 80.6% during the 3rd quarter. USS Investment Management Ltd now owns 5,600 shares of the semiconductor company’s stock valued at $290,000 after purchasing an additional 2,500 shares in the last quarter. Stephens Investment Management Group LLC grew its position in shares of Power Integrations by 0.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 759,654 shares of the semiconductor company’s stock valued at $39,350,000 after purchasing an additional 4,105 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Power Integrations by 69.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 325,044 shares of the semiconductor company’s stock valued at $16,837,000 after purchasing an additional 133,594 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Power Integrations by 6.8% in the third quarter. Hantz Financial Services Inc. now owns 4,132 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 264 shares during the period.

About Power Integrations

Power Integrations, Inc. designs and markets semiconductor technologies used in high-voltage power conversion. Its products include integrated circuits, power switches, diodes and gate drivers that help convert and control electricity in electronic systems. The company’s products are used in applications such as consumer electronics, appliances, industrial equipment, communications systems, electric vehicles and renewable-energy installations. Its EcoSmart technology is designed to improve energy efficiency in power supplies and other power-conversion applications.