Power Integrations, Inc. (NASDAQ:POWI) Stock Has Average Price Target of $71.33

Power Integrations, Inc. (NASDAQ:POWI – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $71.33.

A number of research firms recently commented on POWI. Williams Trading set a $80.00 price objective on Power Integrations in a research note 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. Needham & Company LLC lowered their price target on shares of Power Integrations from $90.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Stifel Nicolaus lowered their price target on shares of Power Integrations from $80.00 to $72.00 and set a “buy” rating for the company in a report on Monday, October 5th. Finally, Zacks Research downgraded shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th.

View Our Latest Stock Report on POWI

Hedge Funds Weigh In On Power Integrations

A number of hedge funds have recently bought and sold shares of POWI. BlackRock Inc. bought a new stake in shares of Power Integrations in the 2nd quarter valued at $730,559,000. Wellington Management Group LLP boosted its stake in Power Integrations by 7.1% during the second quarter. Wellington Management Group LLP now owns 3,595,855 shares of the semiconductor company’s stock worth $301,189,000 after acquiring an additional 239,702 shares in the last quarter. William Blair Investment Management LLC bought a new position in Power Integrations during the second quarter worth $199,517,000. Copeland Capital Management LLC boosted its stake in Power Integrations by 12.6% during the first quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company’s stock worth $67,676,000 after acquiring an additional 147,882 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Power Integrations by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,057,155 shares of the semiconductor company’s stock worth $54,114,000 after purchasing an additional 71,928 shares during the period.

Power Integrations Price Performance

NASDAQ POWI opened at $49.12 on Wednesday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 109.16 and a beta of 1.54. Power Integrations has a twelve month low of $30.86 and a twelve month high of $91.18. The stock has a fifty day simple moving average of $54.07 and a 200 day simple moving average of $64.24.

Power Integrations (NASDAQ:POWI – Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%. The firm had revenue of $118.94 million for the quarter, compared to the consensus estimate of $117.44 million. During the same period in the previous year, the business earned $0.35 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts expect that Power Integrations will post 0.77 earnings per share for the current fiscal year.

About Power Integrations

(Get Free Report)

Power Integrations, Inc is a semiconductor company that designs and manufactures high-performance power-conversion technologies. Its products are used to convert and manage electrical power in applications such as consumer electronics, appliances, industrial equipment, communications systems, renewable-energy installations and automotive systems.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor-correction systems, high-voltage gate drivers and motor-drive applications.

See Also

Analyst Recommendations for Power Integrations (NASDAQ:POWI)

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.