Power Integrations (NASDAQ:POWI) Raised to Outperform at Northland Securities

Northland Securities upgraded shares of Power Integrations (NASDAQ:POWI) from a market perform rating to an outperform rating in a report released on Monday, MarketBeat Ratings reports. Northland Securities currently has $80.00 price target on the semiconductor company’s stock.

A number of other analysts have also issued reports on POWI. StockNews.com lowered Power Integrations from a hold rating to a sell rating in a research note on Thursday, August 8th. Stifel Nicolaus reaffirmed a buy rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Power Integrations from $73.00 to $68.00 and set a hold rating on the stock in a research note on Wednesday, August 7th. Susquehanna lowered their price target on Power Integrations from $95.00 to $80.00 and set a positive rating on the stock in a research note on Thursday, August 8th. Finally, TD Cowen reduced their price objective on Power Integrations from $80.00 to $70.00 and set a hold rating on the stock in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Power Integrations has a consensus rating of Moderate Buy and an average price target of $78.50.

Power Integrations Trading Down 2.5 %

Shares of POWI opened at $59.65 on Monday. Power Integrations has a 12 month low of $59.36 and a 12 month high of $89.68. The stock’s 50 day moving average is $70.80 and its two-hundred day moving average is $71.77. The firm has a market cap of $3.39 billion, a P/E ratio of 64.84, a PEG ratio of 3.51 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The firm 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%. The business’s revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Equities research analysts forecast 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. Shareholders of record on Friday, August 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.34%. Power Integrations’s dividend payout ratio is currently 86.96%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Yang Chiah Yee sold 1,412 shares of Power Integrations stock in a transaction on Monday, June 17th. The stock was sold at an average price of $73.75, for a total value of $104,135.00. Following the sale, the vice president now owns 45,436 shares in the company, valued at $3,350,905. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Yang Chiah Yee sold 1,412 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $73.75, for a total transaction of $104,135.00. Following the completion of the transaction, the vice president now directly owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the vice president now directly owns 53,861 shares of the company’s stock, valued at $4,214,623.25. The disclosure for this sale can be found here. Insiders have sold 20,424 shares of company stock worth $1,574,714 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp grew its stake in Power Integrations by 8.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Power Integrations by 69.8% during the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. US Bancorp DE boosted its position in shares of Power Integrations by 1.1% during the 4th quarter. US Bancorp DE now owns 14,399 shares of the semiconductor company’s stock worth $1,182,000 after acquiring an additional 161 shares in the last quarter. Mather Group LLC. boosted its position in shares of Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 161 shares in the last quarter. Finally, KLR Investment Advisors LLC boosted its position in shares of Power Integrations by 4.2% during the 4th quarter. KLR Investment Advisors LLC now owns 4,157 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 168 shares in the last quarter.

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.