Brokerages Set Power Integrations, Inc. (NASDAQ:POWI) PT at $78.00

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $78.00.

POWI has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, November 8th. Northland Securities upgraded 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 research report on Monday, August 12th. Susquehanna cut their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, TD Cowen cut their price target on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th.

Power Integrations Stock Performance

POWI opened at $66.09 on Friday. Power Integrations has a twelve month low of $56.63 and a twelve month high of $89.68. The firm’s 50-day simple moving average is $63.56 and its 200-day simple moving average is $67.06. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 100.14, a PEG ratio of 7.27 and a beta of 1.12.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The firm had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue was down 7.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Power Integrations will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.27%. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is currently 127.27%.

Insider Transactions at Power Integrations

In related news, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now owns 86,375 shares of the company’s stock, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the completion of the transaction, the vice president now directly owns 130,934 shares of the company’s stock, valued at approximately $8,426,912.24. This trade represents a 7.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,655 shares of company stock valued at $1,205,566. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of POWI. Tidal Investments LLC acquired a new position in Power Integrations in the first quarter valued at about $632,000. DekaBank Deutsche Girozentrale raised its stake in Power Integrations by 7.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,622 shares of the semiconductor company’s stock valued at $605,000 after purchasing an additional 633 shares in the last quarter. GAMMA Investing LLC raised its stake in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Mather Group LLC. raised its stake in Power Integrations by 22.8% during the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 161 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Power Integrations by 295.5% during the second quarter. Harbor Capital Advisors Inc. now owns 10,616 shares of the semiconductor company’s stock worth $745,000 after acquiring an additional 7,932 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.