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

Power Integrations, Inc. (NASDAQ:POWI) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $78.00.

Several brokerages have weighed in on POWI. Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday, November 8th. Susquehanna decreased their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th.

Insider Transactions at Power Integrations

In related news, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the sale, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. This trade represents a 9.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Clifford Walker sold 10,000 shares of Power Integrations stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total transaction of $643,600.00. Following the completion of the sale, the vice president now owns 130,934 shares in the company, valued at approximately $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,655 shares of company stock worth $1,205,566. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Power Integrations

Several hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in shares of Power Integrations by 1.1% during the 3rd quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company’s stock worth $162,886,000 after buying an additional 27,488 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Power Integrations by 25.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock worth $150,062,000 after buying an additional 476,986 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Power Integrations by 4.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company’s stock worth $135,400,000 after buying an additional 80,761 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Power Integrations by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company’s stock worth $101,033,000 after buying an additional 63,150 shares in the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of Power Integrations by 1.2% during the 4th quarter. Copeland Capital Management LLC now owns 1,221,651 shares of the semiconductor company’s stock worth $75,376,000 after buying an additional 14,530 shares in the last quarter.

Power Integrations Trading Down 1.6 %

Shares of POWI stock opened at $61.93 on Friday. The company’s fifty day simple moving average is $63.10 and its 200-day simple moving average is $64.25. Power Integrations has a 52 week low of $56.63 and a 52 week high of $85.00. The company has a market cap of $3.52 billion, a PE ratio of 93.83, a P/E/G ratio of 4.10 and a beta of 1.12.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. Equities research analysts expect that Power Integrations will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a $0.21 dividend. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, November 29th. Power Integrations’s dividend payout ratio (DPR) is presently 127.27%.

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.