Power Integrations, Inc. (NASDAQ:POWI) Receives $72.67 Average Price Target from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $72.6667.

A number of equities analysts recently issued reports on POWI shares. Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Williams Trading set a $80.00 price target on Power Integrations in a research note on Thursday, August 6th. Weiss Ratings raised Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Needham & Company LLC decreased their target price on Power Integrations from $90.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Stifel Nicolaus dropped their target price on Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th.

Power Integrations Stock Up 2.5%

POWI stock opened at $50.39 on Friday. The stock has a market capitalization of $2.82 billion, a PE ratio of 111.98 and a beta of 1.54. Power Integrations has a 52 week low of $30.86 and a 52 week high of $91.18. The firm has a 50 day moving average of $58.69 and a 200 day moving average of $63.65.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The business had revenue of $118.94 million for the quarter, compared to analyst estimates of $117.44 million. During the same quarter in the prior year, the business posted $0.35 EPS. Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts expect that Power Integrations will post 0.77 earnings per share for the current year.

Institutional Trading of Power Integrations

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Power Integrations in the second quarter valued at $730,559,000. William Blair Investment Management LLC purchased a new position in shares of Power Integrations during the 2nd quarter valued at about $199,517,000. Bank of New York Mellon Corp acquired a new position in shares of Power Integrations in the 2nd quarter valued at about $39,075,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Power Integrations in the 2nd quarter valued at about $34,281,000. Finally, Bank of America Corp DE purchased a new stake in shares of Power Integrations in the second quarter worth about $31,957,000.

Power Integrations Company Profile

Power Integrations, Inc is a semiconductor company that designs and manufactures high-performance, energy-efficient power-conversion products. Its technologies are used to convert and control electrical power in devices such as consumer electronics, appliances, industrial equipment, communications systems, chargers, adapters and automotive applications.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED drivers, motor drivers, power-factor correction and high-voltage gate-driver applications.