Power Integrations, Inc. (NASDAQ:POWI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $87.40.

Separately, Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Power Integrations in a research report on Friday, June 7th.

Power Integrations Stock Up 1.9 %

Shares of Power Integrations stock opened at $71.87 on Tuesday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 78.12, a PEG ratio of 3.93 and a beta of 1.11. The business has a 50-day moving average price of $73.58 and a 200-day moving average price of $73.64. Power Integrations has a twelve month low of $62.13 and a twelve month high of $99.60.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share for the quarter. The firm had revenue of $91.69 million during the quarter, compared to analyst estimates of $89.98 million. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. On average, equities analysts expect that Power Integrations will post 0.73 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 1.11%. Power Integrations’s dividend payout ratio is currently 86.96%.

Insider Buying and Selling

In other Power Integrations news, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the completion of the transaction, the vice president now owns 45,436 shares in the company, valued at $3,350,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Power Integrations news, VP Radu Barsan sold 1,837 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $76.56, for a total transaction of $140,640.72. Following the completion of the transaction, the vice president now owns 40,945 shares in the company, valued at $3,134,749.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yang Chiah Yee sold 1,412 shares of Power Integrations stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $73.75, for a total transaction of $104,135.00. Following the sale, the vice president now directly owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,100 shares of company stock worth $2,481,667. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Power Integrations

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 150 shares in the last quarter. US Bancorp DE raised its stake in Power Integrations by 1.1% in the fourth quarter. US Bancorp DE now owns 14,399 shares of the semiconductor company’s stock worth $1,182,000 after buying an additional 161 shares in the last quarter. KLR Investment Advisors LLC raised its stake in Power Integrations by 4.2% in the fourth quarter. KLR Investment Advisors LLC now owns 4,157 shares of the semiconductor company’s stock worth $341,000 after buying an additional 168 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in Power Integrations by 1.2% in the first quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock worth $1,116,000 after buying an additional 185 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Power Integrations by 2.2% in the fourth quarter. Handelsbanken Fonder AB now owns 9,502 shares of the semiconductor company’s stock worth $780,000 after buying an additional 200 shares in the last quarter.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.