Power Integrations (NASDAQ:POWI) Rating Increased to Moderate Buy at Needham & Company LLC

Needham & Company LLC upgraded shares of Power Integrations (NASDAQ:POWIFree Report) to a moderate buy rating in a research note published on Wednesday,Zacks.com reports.

Several other brokerages have also issued reports on POWI. Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research note on Monday, April 6th. Zacks Research raised Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Stifel Nicolaus boosted their price target on Power Integrations from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Benchmark boosted their price target on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.60.

Check Out Our Latest Stock Report on POWI

Power Integrations Price Performance

Power Integrations stock opened at $74.63 on Wednesday. The stock’s 50 day moving average is $68.76 and its 200 day moving average is $51.76. The firm has a market cap of $4.16 billion, a P/E ratio of 248.77, a P/E/G ratio of 3.25 and a beta of 1.57. Power Integrations has a one year low of $30.86 and a one year high of $89.00.

Power Integrations (NASDAQ:POWIGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities analysts anticipate that Power Integrations will post 0.89 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Power Integrations’s dividend payout ratio is presently 286.67%.

Insider Transactions at Power Integrations

In other news, VP Sunil Gupta sold 15,894 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the transaction, the vice president directly owned 71,239 shares of the company’s stock, valued at $5,854,421.02. This represents a 18.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total value of $10,743,368.28. Following the transaction, the director directly owned 279,516 shares in the company, valued at $24,161,363.04. The trade was a 30.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 335,085 shares of company stock valued at $27,338,789 over the last ninety days. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Power Integrations

Institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 536 shares during the period. Hantz Financial Services Inc. raised its position in shares of Power Integrations by 77.6% during the third quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 371 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Power Integrations during the fourth quarter worth approximately $36,000. UMB Bank n.a. raised its position in shares of Power Integrations by 61.7% during the fourth quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 410 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Power Integrations by 125.5% during the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after buying an additional 453 shares in the last quarter.

About Power Integrations

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Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

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Analyst Recommendations for Power Integrations (NASDAQ:POWI)

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