Power Integrations (NASDAQ:POWI) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Power Integrations (NASDAQ:POWI) from a hold rating to a sell rating in a research report released on Wednesday.

Other equities analysts also recently issued research reports about the stock. Northland Securities raised shares of Power Integrations from a market perform rating to an outperform rating and set a $80.00 price target on the stock in a report on Monday, August 12th. Stifel Nicolaus reaffirmed a buy rating and set a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Power Integrations from $73.00 to $68.00 and set a hold rating on the stock in a report on Wednesday, August 7th. Northland Capmk raised shares of Power Integrations from a hold rating to a strong-buy rating in a report on Monday, August 12th. Finally, Susquehanna lowered their target price on shares of Power Integrations from $95.00 to $80.00 and set a positive rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $78.50.

Power Integrations Trading Up 2.2 %

POWI opened at $63.78 on Wednesday. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 85.04, a PEG ratio of 5.08 and a beta of 1.10. The company’s 50 day moving average is $62.40 and its 200 day moving average is $68.66. Power Integrations has a 12-month low of $56.63 and a 12-month high of $89.68.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The business had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. As a group, analysts predict that Power Integrations will post 0.59 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, August 30th. Power Integrations’s dividend payout ratio is presently 106.67%.

Insider Buying and Selling

In related news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the sale, the vice president now owns 51,899 shares in the company, valued at approximately $3,420,144.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Duality Advisers LP bought a new position in Power Integrations during the first quarter valued at $1,261,000. Congress Asset Management Co. MA increased its position in Power Integrations by 14.8% during the first quarter. Congress Asset Management Co. MA now owns 487,506 shares of the semiconductor company’s stock valued at $34,881,000 after acquiring an additional 62,824 shares during the last quarter. Tributary Capital Management LLC increased its position in Power Integrations by 19.9% during the first quarter. Tributary Capital Management LLC now owns 270,291 shares of the semiconductor company’s stock valued at $19,339,000 after acquiring an additional 44,923 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Power Integrations by 14.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 60,320 shares of the semiconductor company’s stock valued at $4,316,000 after acquiring an additional 7,584 shares during the last quarter. Finally, Capital International Investors increased its position in Power Integrations by 6.5% during the first quarter. Capital International Investors now owns 1,316,934 shares of the semiconductor company’s stock valued at $94,227,000 after acquiring an additional 80,775 shares during the last quarter.

About Power Integrations

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.