Power Integrations’ (POWI) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Power Integrations (NASDAQ:POWI) in a report released on Friday,Benzinga reports. They currently have a $78.00 price objective on the semiconductor company’s stock.

A number of other equities research analysts have also commented on POWI. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Susquehanna cut their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Power Integrations presently has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Performance

POWI opened at $59.68 on Friday. The firm’s fifty day moving average is $62.59 and its two-hundred day moving average is $63.40. The firm has a market cap of $3.39 billion, a PE ratio of 104.70, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. Power Integrations has a twelve month low of $56.63 and a twelve month high of $85.00.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.49%. Equities analysts forecast that Power Integrations will post 0.9 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Insider Activity

In other news, CEO Balu Balakrishnan sold 12,507 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the transaction, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the sale, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,680 shares of company stock valued at $2,420,526 over the last three months. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of POWI. Wellington Management Group LLP increased its holdings in Power Integrations by 25.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company’s stock valued at $150,062,000 after buying an additional 476,986 shares during the period. Copeland Capital Management LLC boosted its position in shares of Power Integrations by 21.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after acquiring an additional 213,392 shares in the last quarter. M&G PLC bought a new position in Power Integrations in the third quarter valued at approximately $9,820,000. Raymond James Financial Inc. acquired a new position in Power Integrations during the fourth quarter valued at approximately $7,470,000. Finally, Barclays PLC lifted its stake in Power Integrations by 173.4% during the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company’s stock worth $11,591,000 after purchasing an additional 114,644 shares during 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.