Stifel Nicolaus Cuts Power Integrations (NASDAQ:POWI) Price Target to $72.00

Power Integrations (NASDAQ:POWI) had its price target lowered by Stifel Nicolaus from $80.00 to $72.00 in a research report released on Monday, Marketbeat reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

Several other equities analysts have also recently issued reports on the stock. Needham & Company LLC dropped their price objective 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. Williams Trading set a $80.00 target price on shares of Power Integrations in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research cut shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.33.

Power Integrations Trading Down 3.7%

Shares of POWI stock opened at $51.40 on Monday. The company has a market capitalization of $2.87 billion, a P/E ratio of 114.22 and a beta of 1.54. The business’s 50 day moving average is $54.52 and its two-hundred day moving average is $64.21. Power Integrations has a twelve month low of $30.86 and a twelve month high of $91.18.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The business had revenue of $118.94 million during the quarter, compared to analysts’ expectations of $117.44 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that Power Integrations will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Power Integrations

Several institutional investors have recently made changes to their positions in POWI. Harbor Investment Advisory LLC purchased a new position in shares of Power Integrations in the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its holdings in Power Integrations by 125.5% during the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after buying an additional 453 shares in the last quarter. Allworth Financial LP purchased a new stake in Power Integrations during the second quarter worth about $42,000. Global Retirement Partners LLC acquired a new position in Power Integrations during the second quarter worth about $44,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Power Integrations during the second quarter worth about $48,000.

About Power Integrations

Power Integrations, Inc is a semiconductor company that designs and manufactures high-performance power-conversion technologies. Its products are used to convert and manage electrical power in applications such as consumer electronics, appliances, industrial equipment, communications systems, renewable-energy installations and automotive systems.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor-correction systems, high-voltage gate drivers and motor-drive applications.