Power Integrations, Inc. (NASDAQ:POWI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $87.40.

Separately, Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Power Integrations in a report on Friday, June 7th.

Insider Activity

In related news, CFO Sandeep Nayyar sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $78.50, for a total transaction of $392,500.00. Following the completion of the sale, the chief financial officer now directly owns 85,198 shares of the company’s stock, valued at $6,688,043. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Sandeep Nayyar sold 5,000 shares of Power Integrations stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $78.50, for a total value of $392,500.00. Following the completion of the transaction, the chief financial officer now directly owns 85,198 shares in the company, valued at $6,688,043. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Mh Matthews sold 9,500 shares of Power Integrations stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $77.17, for a total value of $733,115.00. Following the sale, the insider now directly owns 53,729 shares of the company’s stock, valued at approximately $4,146,266.93. The disclosure for this sale can be found here. Insiders have sold 32,100 shares of company stock worth $2,481,667 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

Several hedge funds have recently added to or reduced their stakes in POWI. Raymond James & Associates lifted its stake in Power Integrations by 15.0% during the fourth quarter. Raymond James & Associates now owns 16,130 shares of the semiconductor company’s stock worth $1,324,000 after purchasing an additional 2,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Power Integrations during the fourth quarter worth about $209,000. Pacer Advisors Inc. lifted its stake in shares of Power Integrations by 21.4% in the 4th quarter. Pacer Advisors Inc. now owns 8,546 shares of the semiconductor company’s stock valued at $702,000 after acquiring an additional 1,509 shares during the last quarter. Trueblood Wealth Management LLC bought a new stake in shares of Power Integrations in the 4th quarter valued at about $224,000. Finally, Trust Point Inc. bought a new stake in shares of Power Integrations in the 4th quarter valued at about $1,492,000.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $66.21 on Friday. The business’s 50 day simple moving average is $73.31 and its two-hundred day simple moving average is $72.89. The firm has a market cap of $3.76 billion, a P/E ratio of 71.97, a PEG ratio of 4.07 and a beta of 1.11. Power Integrations has a 52-week low of $62.13 and a 52-week high of $90.62.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $91.69 million for the quarter, compared to analyst estimates of $89.98 million. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. On average, equities analysts forecast that Power Integrations will post 0.73 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were issued a $0.20 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. Power Integrations’s dividend payout ratio is presently 86.96%.

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.