Investment Analysts’ Recent Ratings Updates for Power Integrations (POWI)

A number of firms have modified their ratings and price targets on shares of Power Integrations (NASDAQ: POWI) recently:

  • 5/9/2019 – Power Integrations was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 5/3/2019 – Power Integrations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 4/26/2019 – Power Integrations had its price target raised by analysts at Loop Capital to $78.00. They now have an “in-line” rating on the stock.
  • 4/26/2019 – Power Integrations had its “hold” rating reaffirmed by analysts at Northland Securities. They now have a $52.00 price target on the stock. They wrote, “We maintain our MP. Quater: POWI reported non-GAAP EPS of $0.41 on $89.2M versus our estimate of $0.42 on $90.1M. While revenue was effectively in line with our estimates, revenue mix was not. Industrial revenue was $5.3M below our estimate at $33.9M. An increasing mix of government infrastructure projects is causing Q1 industrial revenue to be weaker seasonally versus prior years. Consumer revenue of $34.2M was up $6.2M above our model and increased 10% Q/Q. Seasonal strength in air conditioners and inventory replenishment drove the recover. For the year we are modeling consumer revenue to be down 6% versus our prior estimate of down 18%. POWI is less confident in a rebound in consumer revenue and believes it will be closer to flat y/y. Gross margin was 51.3%, 70 bps below our model. A weak margin revenue mix likely accounts for the delta.””
  • 4/19/2019 – Power Integrations was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 4/10/2019 – Power Integrations was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 3/27/2019 – Power Integrations had its “hold” rating reaffirmed by analysts at Northland Securities. They now have a $52.00 price target on the stock.

Shares of NASDAQ:POWI traded down $0.59 on Thursday, reaching $71.65. The company’s stock had a trading volume of 6,483 shares, compared to its average volume of 150,640. Power Integrations Inc has a 52-week low of $47.35 and a 52-week high of $81.37. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 33.48 and a beta of 1.08.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, April 25th. The semiconductor company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.19. The business had revenue of $89.19 million for the quarter, compared to the consensus estimate of $90.10 million. Power Integrations had a net margin of 15.67% and a return on equity of 10.86%. The firm’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. On average, equities research analysts forecast that Power Integrations Inc will post 1.66 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 30th. Power Integrations’s dividend payout ratio (DPR) is 31.78%.

In related news, VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $78.76, for a total value of $787,600.00. Following the sale, the vice president now directly owns 91,702 shares in the company, valued at $7,222,449.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Raja Petrakian sold 9,143 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $71.46, for a total value of $653,358.78. Following the completion of the sale, the vice president now owns 44,876 shares in the company, valued at $3,206,838.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,091 shares of company stock valued at $2,859,215. Corporate insiders own 4.10% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its holdings in Power Integrations by 1,426.5% during the 1st quarter. Quadrant Capital Group LLC now owns 748 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 699 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Power Integrations during the fourth quarter valued at $54,000. One Wealth Advisors LLC purchased a new position in Power Integrations during the first quarter valued at $54,000. Ellis Investment Partners LLC purchased a new position in Power Integrations during the first quarter valued at $77,000. Finally, We Are One Seven LLC purchased a new position in Power Integrations during the fourth quarter valued at $87,000. Institutional investors own 99.37% of the company’s stock.

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 worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.

Read More: Do equity income investments outperform growth and income investments?

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.