Zacks Research Downgrades Power Integrations (NASDAQ:POWI) to Strong Sell

Power Integrations (NASDAQ:POWI) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on POWI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Benchmark boosted their price target on Power Integrations from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Susquehanna raised their price objective on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.00.

Power Integrations Trading Up 0.7%

NASDAQ POWI opened at $47.12 on Wednesday. Power Integrations has a 12 month low of $30.86 and a 12 month high of $68.20. The stock has a 50 day moving average of $38.56 and a 200-day moving average of $42.05. The company has a market cap of $2.61 billion, a PE ratio of 152.00, a PEG ratio of 5.44 and a beta of 1.36.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 5th. The semiconductor company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $118.92 million for the quarter, compared to the consensus estimate of $118.36 million. Power Integrations had a net margin of 4.03% and a return on equity of 4.49%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, sell-side analysts predict that Power Integrations will post 0.93 EPS for the current fiscal year.

Insider Activity at Power Integrations

In other news, VP Gagan Jain sold 995 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $46.50, for a total transaction of $46,267.50. Following the completion of the sale, the vice president owned 32,549 shares in the company, valued at $1,513,528.50. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Sunil Gupta sold 1,698 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $46.50, for a total value of $78,957.00. Following the completion of the transaction, the vice president directly owned 97,672 shares in the company, valued at $4,541,748. The trade was a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,837 shares of company stock valued at $164,604 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. raised its stake in Power Integrations by 475.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 395 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 536 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Power Integrations by 125.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Power Integrations in the second quarter worth $40,000. Finally, Global X Japan Co. Ltd. increased its position in shares of Power Integrations by 98.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 989 shares during the period.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.