Power Integrations (NASDAQ:POWI) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Power Integrations (NASDAQ:POWI) from a hold rating to a buy rating in a report published on Tuesday morning.

Several other research firms have also commented on POWI. Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Susquehanna lowered their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Stock Performance

Shares of Power Integrations stock opened at $59.77 on Tuesday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 104.86, a PEG ratio of 3.96 and a beta of 1.11. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $79.13. The stock has a 50 day moving average of $62.04 and a 200 day moving average of $62.93.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. Analysts forecast that Power Integrations will post 0.9 EPS for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, February 28th. Power Integrations’s payout ratio is currently 147.37%.

Insider Activity

In other Power Integrations news, VP Clifford Walker sold 1,131 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $58.01, for a total value of $65,609.31. Following the sale, the vice president now directly owns 143,718 shares in the company, valued at $8,337,081.18. This trade represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the sale, the chief executive officer now owns 600,002 shares in the company, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,151 shares of company stock worth $2,389,936. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Power Integrations

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. increased its position in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 385 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Power Integrations during the third quarter worth about $87,000.

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.