Power Integrations' (POWI) "Buy" Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of Power Integrations (NASDAQ:POWI - Free Report) in a report released on Friday,Benzinga reports. The firm currently has a $78.00 target price on the semiconductor company's stock.

Other equities analysts have also recently issued research reports about the stock. TD Cowen lowered their target price on shares of Power Integrations from $80.00 to $70.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Susquehanna lowered their price objective on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating on the stock in a research note on Thursday. Northland Securities upgraded Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research report on Monday, August 12th. Stifel Nicolaus reiterated a "buy" rating and set a $95.00 price target (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, Northland Capmk raised Power Integrations from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. Three investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.00.

Power Integrations Stock Up 1.4 %

POWI stock traded up $0.93 during midday trading on Friday, reaching $66.31. The company had a trading volume of 535,858 shares, compared to its average volume of 408,870. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The firm has a market capitalization of $3.77 billion, a PE ratio of 99.68, a P/E/G ratio of 5.34 and a beta of 1.10. The stock has a 50 day moving average price of $62.30 and a 200 day moving average price of $68.00.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $106.20 million during the quarter, compared to analysts' expectations of $105.02 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.15%. Power Integrations's quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. Research analysts predict that Power Integrations will post 0.59 EPS for the current year.

Power Integrations Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Power Integrations's previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 29th. Power Integrations's payout ratio is presently 121.21%.

Insider Buying and Selling

In related news, VP Sunil Gupta sold 2,127 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the completion of the transaction, the vice president now owns 51,899 shares of the company's stock, valued at approximately $3,420,144.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 2,398 shares of company stock valued at $157,847. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Power Integrations

Several institutional investors have recently made changes to their positions in POWI. First Horizon Advisors Inc. increased its position in Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company's stock worth $141,000 after purchasing an additional 205 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Power Integrations by 60.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,451 shares of the semiconductor company's stock worth $670,000 after acquiring an additional 3,926 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Power Integrations by 214.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company's stock valued at $2,684,000 after acquiring an additional 28,548 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Power Integrations in the 3rd quarter valued at approximately $2,754,000. Finally, KBC Group NV lifted its holdings in Power Integrations by 32.0% in the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company's stock worth $114,000 after purchasing an additional 432 shares during the last quarter.

About Power Integrations

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.