Needham & Company LLC Has Lowered Expectations for Power Integrations (NASDAQ:POWI) Stock Price

Power Integrations (NASDAQ:POWI) had its price objective decreased by analysts at Needham & Company LLC from $80.00 to $65.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s price objective suggests a potential upside of 38.89% from the stock’s current price.

A number of other equities research analysts also recently issued reports on POWI. Zacks Research downgraded shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Susquehanna cut their price target on shares of Power Integrations from $85.00 to $70.00 and set a “positive” rating on the stock in a research note on Wednesday, October 21st. Stifel Nicolaus set a $62.00 target price on shares of Power Integrations in a research note on Thursday. Williams Trading set a $80.00 price target on shares of Power Integrations in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Four 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, Power Integrations currently has an average rating of “Moderate Buy” and a consensus price target of $64.67.

Power Integrations Price Performance

Power Integrations stock opened at $46.80 on Thursday. Power Integrations has a 1 year low of $30.86 and a 1 year high of $91.18. The firm’s 50 day moving average price is $49.49 and its 200-day moving average price is $58.61. The stock has a market cap of $2.61 billion, a P/E ratio of 104.00 and a beta of 1.58.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The firm had revenue of $125.48 million for the quarter, compared to analyst estimates of $126.03 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Power Integrations will post 0.77 EPS for the current year.

Hedge Funds Weigh In On Power Integrations

Several large investors have recently added to or reduced their stakes in POWI. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Power Integrations by 180.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company’s stock valued at $1,895,000 after buying an additional 23,837 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in Power Integrations in the first quarter valued at approximately $3,138,000. Calamos Advisors LLC bought a new position in Power Integrations during the first quarter worth about $1,181,000. Emerald Advisers LLC bought a new position in Power Integrations in the 1st quarter valued at about $5,941,000. Finally, Copeland Capital Management LLC raised its stake in Power Integrations by 12.6% in the 1st quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company’s stock worth $67,676,000 after purchasing an additional 147,882 shares in the last quarter.

Key Power Integrations News

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Q3 earnings were $0.46 per share, above analyst estimates of $0.41–$0.42 and up from $0.36 a year earlier. Revenue rose 5.5% year over year to $125.48 million. Zacks Q3 earnings report
• Positive Sentiment: The company declared a quarterly dividend of $0.215 per share, equivalent to $0.86 annually and a yield of about 1.8%, providing continued shareholder returns.
• Neutral Sentiment: Reports noted improving inventory levels, while the earnings-call coverage highlighted GaN-driven growth and margins. These trends could be constructive, though the available reports do not quantify their expected financial impact. Inventory trends report Earnings-call highlights
• Negative Sentiment: Revenue of $125.48 million missed the roughly $126.03 million analyst estimate. The small shortfall, despite year-over-year growth, may weigh on reaction to the results.

Power Integrations Company Profile

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

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