Susquehanna Lowers Power Integrations (NASDAQ:POWI) Price Target to $98.00

Power Integrations (NASDAQ:POWIGet Rating) had its price target lowered by Susquehanna from $105.00 to $98.00 in a research note released on Friday, The Fly reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.

Several other analysts have also commented on POWI. Deutsche Bank Aktiengesellschaft dropped their price objective on Power Integrations from $90.00 to $80.00 in a report on Wednesday, July 20th. Susquehanna Bancshares reiterated a buy rating and set a $105.00 price objective on shares of Power Integrations in a research report on Friday, April 29th. Finally, StockNews.com downgraded Power Integrations from a buy rating to a hold rating in a research report on Tuesday.

Power Integrations Stock Performance

Power Integrations stock opened at $82.35 on Friday. The stock has a 50-day moving average of $77.98 and a two-hundred day moving average of $82.88. Power Integrations has a one year low of $67.26 and a one year high of $110.66. The stock has a market cap of $4.80 billion, a PE ratio of 26.74 and a beta of 1.06.

Power Integrations (NASDAQ:POWIGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.16. Power Integrations had a return on equity of 21.36% and a net margin of 25.83%. The firm had revenue of $183.99 million during the quarter, compared to analysts’ expectations of $190.15 million. During the same period last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Power Integrations will post 3.34 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.72 dividend on an annualized basis and a yield of 0.87%. Power Integrations’s dividend payout ratio is currently 23.38%.

Insider Activity

In other news, VP David Mh Matthews sold 6,168 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $83.84, for a total value of $517,125.12. Following the sale, the vice president now directly owns 112,025 shares in the company, valued at $9,392,176. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Yang Chiah Yee sold 1,369 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $77.00, for a total value of $105,413.00. Following the transaction, the vice president now owns 25,797 shares of the company’s stock, valued at $1,986,369. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Mh Matthews sold 6,168 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $83.84, for a total value of $517,125.12. Following the completion of the transaction, the vice president now directly owns 112,025 shares in the company, valued at approximately $9,392,176. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,744 shares of company stock valued at $2,766,288. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Power Integrations

Several hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its holdings in shares of Power Integrations by 62.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 32,326 shares of the semiconductor company’s stock worth $2,425,000 after purchasing an additional 12,427 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Power Integrations by 131.9% during the second quarter. M&T Bank Corp now owns 46,637 shares of the semiconductor company’s stock worth $2,901,000 after purchasing an additional 26,522 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Power Integrations during the second quarter worth about $15,395,000. Los Angeles Capital Management LLC grew its holdings in shares of Power Integrations by 3.2% during the second quarter. Los Angeles Capital Management LLC now owns 69,410 shares of the semiconductor company’s stock worth $5,206,000 after purchasing an additional 2,137 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Power Integrations by 11.4% during the second quarter. Royce & Associates LP now owns 160,195 shares of the semiconductor company’s stock worth $12,016,000 after purchasing an additional 16,440 shares during the last quarter. Hedge funds and other institutional investors own 98.12% of the company’s stock.

Power Integrations Company Profile

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Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.

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