Power Integrations, Inc. (NASDAQ:POWI – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $72.6667.
A number of equities analysts have issued reports on the company. Williams Trading set a $80.00 price objective on Power Integrations in a report on Thursday, August 6th. Needham & Company LLC dropped their target price on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings raised shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Stifel Nicolaus decreased their price target on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Zacks Research cut shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th.
View Our Latest Research Report on Power Integrations
Power Integrations Price Performance
Power Integrations (NASDAQ:POWI – Get Free Report) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The company had revenue of $118.94 million during the quarter, compared to analysts’ expectations of $117.44 million. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts anticipate that Power Integrations will post 0.77 earnings per share for the current year.
Hedge Funds Weigh In On Power Integrations
Several large investors have recently made changes to their positions in POWI. BlackRock Inc. purchased a new position in Power Integrations during the second quarter valued at $730,559,000. California State Teachers Retirement System grew its stake in shares of Power Integrations by 7,858.5% in the second quarter. California State Teachers Retirement System now owns 5,224,027 shares of the semiconductor company’s stock worth $437,565,000 after acquiring an additional 5,158,386 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Power Integrations during the second quarter valued at $199,517,000. Snyder Capital Management L P increased its holdings in shares of Power Integrations by 148.8% during the fourth quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company’s stock valued at $73,380,000 after acquiring an additional 1,234,981 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Power Integrations by 1,885.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company’s stock worth $33,528,000 after purchasing an additional 895,857 shares during the last quarter.
Power Integrations Company Profile
Power Integrations, Inc is a semiconductor company that designs and manufactures high-performance, energy-efficient power-conversion products. Its technologies are used to convert and control electrical power in devices such as consumer electronics, appliances, industrial equipment, communications systems, chargers, adapters and automotive applications.
The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED drivers, motor drivers, power-factor correction and high-voltage gate-driver applications.
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