Power Integrations (NASDAQ:POWI) Price Target Raised to $75.00 at Stifel Nicolaus

Power Integrations (NASDAQ:POWI) had its price objective increased by Stifel Nicolaus from $70.00 to $75.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

POWI has been the subject of several other reports. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Benchmark restated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.67.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $55.35 on Tuesday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 97.11, a PEG ratio of 4.08 and a beta of 1.31. The business has a 50 day simple moving average of $50.94 and a 200 day simple moving average of $58.53. Power Integrations has a 52 week low of $40.78 and a 52 week high of $79.13.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The firm had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. During the same period in the previous year, the company earned $0.18 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts predict that Power Integrations will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.52%. Power Integrations’s dividend payout ratio (DPR) is presently 129.23%.

Insider Transactions at Power Integrations

In other news, CEO Balu Balakrishnan sold 9,544 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total transaction of $488,557.36. Following the completion of the transaction, the chief executive officer now directly owns 590,580 shares in the company, valued at $30,231,790.20. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the completion of the transaction, the vice president now owns 45,295 shares of the company’s stock, valued at $2,993,093.60. The trade was a 18.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,954 shares of company stock worth $1,328,862 over the last three months. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 282 shares in the last quarter. Allworth Financial LP raised its stake in shares of Power Integrations by 257.8% in the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 428 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares in the last quarter. Bayforest Capital Ltd raised its stake in shares of Power Integrations by 54.3% in the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 222 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Power Integrations by 133.2% in the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 385 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.