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.
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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