Power Integrations, Inc. (POWI) Given Average Rating of “Buy” by Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $72.50.

Several research analysts recently commented on POWI shares. Sidoti raised shares of Power Integrations from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Friday, May 5th. Finally, BidaskClub downgraded shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Power Integrations (POWI) traded down 0.31% during midday trading on Friday, hitting $63.65. 235,338 shares of the stock were exchanged. The company’s 50 day moving average is $66.36 and its 200-day moving average is $66.41. The stock has a market cap of $1.89 billion, a PE ratio of 36.58 and a beta of 1.16. Power Integrations has a 1-year low of $47.00 and a 1-year high of $72.65.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, April 27th. The semiconductor company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.61 by $0.11. Power Integrations had a return on equity of 12.19% and a net margin of 13.07%. The firm had revenue of $104.70 million during the quarter, compared to analysts’ expectations of $102.21 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts expect that Power Integrations will post $2.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, May 26th. Power Integrations’s dividend payout ratio (DPR) is currently 31.29%.

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In other news, insider Balu Balakrishnan sold 1,836 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $63.68, for a total transaction of $116,916.48. Following the sale, the insider now owns 244,576 shares in the company, valued at approximately $15,574,599.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Raja Petrakian sold 1,116 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $63.05, for a total transaction of $70,363.80. Following the sale, the vice president now owns 33,087 shares in the company, valued at approximately $2,086,135.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,933 shares of company stock worth $393,063. 4.30% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the stock. Tyers Asset Management LLC acquired a new stake in shares of Power Integrations during the fourth quarter worth approximately $114,000. Flinton Capital Management LLC acquired a new stake in shares of Power Integrations during the fourth quarter worth approximately $138,000. Renaissance Technologies LLC boosted its stake in shares of Power Integrations by 13.2% in the fourth quarter. Renaissance Technologies LLC now owns 357,000 shares of the semiconductor company’s stock worth $24,222,000 after buying an additional 41,500 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Power Integrations during the fourth quarter worth approximately $254,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Power Integrations during the fourth quarter worth approximately $129,000. Hedge funds and other institutional investors own 96.11% of the company’s stock.

Power Integrations Company Profile

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

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