Power Integrations Inc (POWI) Receives $70.33 Average PT from Analysts

Shares of Power Integrations Inc (NASDAQ:POWI) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $70.33.

Several equities research analysts recently commented on POWI shares. TheStreet upgraded shares of Power Integrations from a “c+” rating to a “b-” rating in a research report on Tuesday, December 18th. BidaskClub lowered shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 12th. ValuEngine upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Northland Securities restated a “hold” rating and set a $52.00 price target on shares of Power Integrations in a research note on Wednesday, March 27th. Finally, Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Friday, December 28th.

In other news, VP David Mh Matthews sold 1,309 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $72.92, for a total value of $95,452.28. Following the completion of the sale, the vice president now owns 59,907 shares in the company, valued at approximately $4,368,418.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan Bickell sold 1,666 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $71.12, for a total transaction of $118,485.92. Following the completion of the sale, the director now owns 11,398 shares of the company’s stock, valued at approximately $810,625.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,965 shares of company stock valued at $5,123,593. Company insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of POWI. Geode Capital Management LLC boosted its stake in shares of Power Integrations by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 344,793 shares of the semiconductor company’s stock valued at $21,025,000 after purchasing an additional 17,356 shares during the period. Norges Bank purchased a new position in shares of Power Integrations during the 4th quarter valued at about $27,710,000. Amalgamated Bank purchased a new position in shares of Power Integrations during the 4th quarter valued at about $273,000. Public Employees Retirement System of Ohio lifted its position in shares of Power Integrations by 2.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 150,925 shares of the semiconductor company’s stock valued at $9,203,000 after buying an additional 3,619 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Power Integrations by 5.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 50,994 shares of the semiconductor company’s stock valued at $3,110,000 after buying an additional 2,496 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

POWI stock traded down $1.11 during mid-day trading on Thursday, hitting $70.68. The stock had a trading volume of 1,207 shares, compared to its average volume of 130,252. Power Integrations has a 52 week low of $47.35 and a 52 week high of $80.50. The firm has a market cap of $2.03 billion, a P/E ratio of 33.10 and a beta of 1.05.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 7th. The semiconductor company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.24. Power Integrations had a net margin of 16.83% and a return on equity of 12.19%. The company had revenue of $93.30 million for the quarter, compared to the consensus estimate of $97.12 million. During the same period last year, the company posted $0.74 EPS. The firm’s quarterly revenue was down 13.8% compared to the same quarter last year. As a group, equities research analysts forecast that Power Integrations will post 1.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were paid a $0.17 dividend. This is a positive change from Power Integrations’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.96%. Power Integrations’s dividend payout ratio is presently 31.78%.

About Power Integrations

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.

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