Power Integrations, Inc. (NASDAQ:POWI) Given Average Recommendation of “Hold” by Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $61.00.

Several equities analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Power Integrations in a research note on Friday, February 6th. Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Finally, Susquehanna lifted their price objective on Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd.

Power Integrations Stock Performance

NASDAQ:POWI opened at $46.45 on Friday. The business’s fifty day moving average is $46.07 and its 200 day moving average is $41.55. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 119.11, a PEG ratio of 3.54 and a beta of 1.34. Power Integrations has a 52-week low of $30.86 and a 52-week high of $60.12.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The business had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. During the same quarter in the previous year, the firm earned $0.30 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts predict that Power Integrations will post 0.93 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $0.215 per share. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, February 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.9%. Power Integrations’s dividend payout ratio is 220.51%.

Insider Activity at Power Integrations

In other Power Integrations news, CEO Jennifer A. Lloyd sold 3,322 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $154,705.54. Following the completion of the transaction, the chief executive officer owned 76,307 shares of the company’s stock, valued at $3,553,616.99. The trade was a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gagan Jain sold 3,481 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the transaction, the vice president directly owned 30,769 shares in the company, valued at $1,483,681.18. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,518 shares of company stock valued at $1,920,642 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in POWI. Y Intercept Hong Kong Ltd purchased a new stake in Power Integrations during the 3rd quarter valued at about $3,997,000. Copeland Capital Management LLC grew its holdings in shares of Power Integrations by 7.2% in the third quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock worth $51,343,000 after purchasing an additional 86,123 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Power Integrations by 48,387.7% in the third quarter. Quantbot Technologies LP now owns 130,432 shares of the semiconductor company’s stock worth $5,245,000 after buying an additional 130,163 shares during the period. ASR Vermogensbeheer N.V. raised its holdings in Power Integrations by 8.2% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock valued at $12,366,000 after buying an additional 23,354 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Power Integrations by 173.6% during the 2nd quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock valued at $23,687,000 after buying an additional 268,875 shares during the last quarter.

Power Integrations Company Profile

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.