Power Integrations (NASDAQ:POWI) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Power Integrations (NASDAQ:POWI) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning, Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Northland Securities upgraded shares of Power Integrations from a market perform rating to an outperform rating and set a $80.00 target price for the company in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price objective on Power Integrations from $73.00 to $68.00 and set a hold rating for the company in a report on Wednesday, August 7th. StockNews.com lowered Power Integrations from a hold rating to a sell rating in a report on Thursday, August 8th. Benchmark decreased their price target on Power Integrations from $90.00 to $78.00 and set a buy rating for the company in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $78.50.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $59.65 on Monday. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 64.84, a price-to-earnings-growth ratio of 3.51 and a beta of 1.11. The stock’s 50-day moving average is $70.80 and its 200-day moving average is $71.77. Power Integrations has a one year low of $59.36 and a one year high of $89.68.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. Power Integrations’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. On average, equities analysts expect that Power Integrations will post 0.7 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, August 30th. Power Integrations’s payout ratio is presently 86.96%.

Insider Buying and Selling at Power Integrations

In other news, insider David Mh Matthews sold 5,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $76.88, for a total value of $384,400.00. Following the transaction, the insider now directly owns 63,229 shares of the company’s stock, valued at $4,861,045.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Sunil Gupta sold 4,512 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $78.25, for a total value of $353,064.00. Following the completion of the sale, the vice president now directly owns 53,861 shares in the company, valued at approximately $4,214,623.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Mh Matthews sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $76.88, for a total value of $384,400.00. Following the completion of the transaction, the insider now directly owns 63,229 shares in the company, valued at $4,861,045.52. The disclosure for this sale can be found here. Insiders sold 20,424 shares of company stock valued at $1,574,714 in the last quarter. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new stake in Power Integrations in the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. raised its position in shares of Power Integrations by 369.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Power Integrations in the first quarter valued at approximately $51,000. Fidelis Capital Partners LLC bought a new stake in shares of Power Integrations in the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Power Integrations during the second quarter worth approximately $63,000.

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.