Power Integrations (NASDAQ:POWI) Cut to Market Perform at Northland Securities

Power Integrations (NASDAQ:POWI) was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, MarketBeat.com reports. They currently have a $46.00 price objective on the semiconductor company’s stock. Northland Securities’ price objective points to a potential downside of 12.16% from the company’s current price.

POWI has been the topic of several other reports. Benchmark raised their price objective on Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Susquehanna lifted their price target on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.75.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $52.37 on Monday. The business’s 50-day simple moving average is $47.53 and its 200 day simple moving average is $41.92. The company has a market cap of $2.91 billion, a P/E ratio of 134.29, a PEG ratio of 3.98 and a beta of 1.30. Power Integrations has a one year low of $30.86 and a one year high of $60.12.

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

Insider Activity at Power Integrations

In other Power Integrations news, CEO Jennifer A. Lloyd sold 3,322 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $46.57, for a total transaction of $154,705.54. Following the completion of the transaction, the chief executive officer directly owned 76,307 shares of the company’s stock, valued at approximately $3,553,616.99. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Gagan Jain sold 3,481 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total value of $167,853.82. Following the transaction, the vice president directly owned 30,769 shares of the company’s stock, valued at $1,483,681.18. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 41,518 shares of company stock valued at $1,920,642. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after buying an additional 536 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Power Integrations by 77.6% in the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 371 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Power Integrations in the fourth quarter worth $36,000. UMB Bank n.a. raised its holdings in shares of Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 410 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Power Integrations during the fourth quarter worth $48,000.

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.