Power Integrations (NASDAQ:POWI) Price Target Raised to $95.00

Power Integrations (NASDAQ:POWI) had its price target increased by Stifel Nicolaus from $82.00 to $95.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 16.23% from the company’s current price.

POWI has been the topic of a number of other research reports. Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research note on Monday, April 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Benchmark boosted their price target on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 6th. Susquehanna upped their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Finally, Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Power Integrations presently has a consensus rating of “Hold” and a consensus target price of $76.20.

Power Integrations Stock Performance

NASDAQ POWI traded up $1.16 during trading hours on Wednesday, reaching $81.73. The stock had a trading volume of 83,499 shares, compared to its average volume of 1,065,192. The stock has a fifty day moving average of $74.10 and a 200 day moving average of $54.84. The stock has a market cap of $4.55 billion, a P/E ratio of 271.45, a price-to-earnings-growth ratio of 3.80 and a beta of 1.57. Power Integrations has a 52-week low of $30.86 and a 52-week high of $91.18.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 earnings per share. On average, equities research analysts forecast that Power Integrations will post 0.89 EPS for the current year.

Insider Activity

In related news, Director Balu Balakrishnan sold 124,287 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the sale, the director owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sunil Gupta sold 15,894 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the transaction, the vice president directly owned 71,239 shares in the company, valued at approximately $5,854,421.02. The trade was a 18.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 335,085 shares of company stock worth $27,338,789 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Large investors have recently bought and sold shares of the company. UBS Group AG increased its position in shares of Power Integrations by 149.5% during the fourth quarter. UBS Group AG now owns 276,073 shares of the semiconductor company’s stock worth $9,812,000 after purchasing an additional 165,405 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Power Integrations by 248.4% in the 4th quarter. State of Alaska Department of Revenue now owns 30,924 shares of the semiconductor company’s stock valued at $1,098,000 after purchasing an additional 22,049 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Power Integrations by 48,387.7% in the 3rd quarter. Quantbot Technologies LP now owns 130,432 shares of the semiconductor company’s stock valued at $5,245,000 after purchasing an additional 130,163 shares in the last quarter. SG Americas Securities LLC boosted its stake in Power Integrations by 108.7% during the 4th quarter. SG Americas Securities LLC now owns 44,351 shares of the semiconductor company’s stock worth $1,576,000 after purchasing an additional 23,096 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Power Integrations during the 4th quarter worth $1,072,000.

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.