Power Integrations’ (NASDAQ:POWI) “Hold” Rating Reiterated at Northland Securities

Power Integrations (NASDAQ:POWI)‘s stock had its “hold” rating reissued by investment analysts at Northland Securities in a research report issued on Wednesday, March 27th, AnalystRatings.com reports. They presently have a $52.00 price target on the semiconductor company’s stock. Northland Securities’ target price points to a potential downside of 32.66% from the stock’s current price.

Several other analysts also recently weighed in on POWI. TheStreet upgraded shares of Power Integrations from a “c+” rating to a “b-” rating in a research report on Tuesday, December 18th. Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, December 28th. ValuEngine downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Finally, BidaskClub upgraded shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $75.00.

Power Integrations stock traded up $0.13 during trading on Wednesday, reaching $77.22. The stock had a trading volume of 67,732 shares, compared to its average volume of 107,198. The company has a market capitalization of $2.24 billion, a P/E ratio of 36.08 and a beta of 1.05. Power Integrations has a 52-week low of $47.35 and a 52-week high of $80.50.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 7th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.24. The business had revenue of $93.30 million during the quarter, compared to the consensus estimate of $97.12 million. Power Integrations had a net margin of 16.83% and a return on equity of 12.19%. The company’s revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS. As a group, analysts predict that Power Integrations will post 1.52 EPS for the current year.

In other news, insider Balu Balakrishnan sold 9,266 shares of the company’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $65.55, for a total transaction of $607,386.30. Following the transaction, the insider now directly owns 286,465 shares of the company’s stock, valued at approximately $18,777,780.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Nayyar sold 2,075 shares of the company’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $65.13, for a total transaction of $135,144.75. Following the transaction, the chief financial officer now directly owns 70,138 shares in the company, valued at $4,568,087.94. The disclosure for this sale can be found here. Insiders sold a total of 81,251 shares of company stock worth $5,639,290 over the last three months. 4.10% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Power Integrations in the fourth quarter valued at approximately $54,000. We Are One Seven LLC acquired a new position in shares of Power Integrations in the 4th quarter valued at about $87,000. ETF Managers Group LLC lifted its stake in shares of Power Integrations by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 1,904 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 258 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Power Integrations by 7.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 200 shares during the period. Finally, Advisor Group Inc. lifted its stake in shares of Power Integrations by 15.9% in the 4th quarter. Advisor Group Inc. now owns 3,097 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 426 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

Further Reading: Intrinsic Value and Stock Selection

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