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%.
ILLEGAL ACTIVITY WARNING: “Power Integrations, Inc. (POWI) Given Average Rating of “Buy” by Analysts” was originally reported by sleekmoney and is the property of of sleekmoney. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://sleekmoney.com/power-integrations-inc-powi-given-average-rating-of-buy-by-analysts/1916095.html.
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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/power-integrations-inc-powi-given-average-rating-of-buy-by-analysts/1916095.html
Receive News & Ratings for Power Integrations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations Inc. and related companies with MarketBeat.com's FREE daily email newsletter.