Analysts Set Power Integrations, Inc. (NASDAQ:POWI) Target Price at $78.50

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $78.50.

A number of equities research analysts have recently weighed in on POWI shares. Stifel Nicolaus reiterated a "buy" rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Benchmark reaffirmed a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a report on Wednesday. Northland Securities upgraded shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. Finally, TD Cowen cut their target price on shares of Power Integrations from $80.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th.

Insider Buying and Selling at Power Integrations

In related news, VP Yang Chiah Yee sold 1,412 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $73.75, for a total value of $104,135.00. Following the completion of the transaction, the vice president now owns 45,436 shares in the company, valued at approximately $3,350,905. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Sunil Gupta sold 2,127 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction 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 $3,420,144.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Yang Chiah Yee sold 1,412 shares of the company's stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $73.75, for a total transaction of $104,135.00. Following the completion of the sale, the vice president now directly owns 45,436 shares of the company's stock, valued at $3,350,905. The disclosure for this sale can be found here. Insiders have sold 3,704 shares of company stock valued at $255,359 in the last quarter. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of Power Integrations

A number of hedge funds and other institutional investors have recently made changes to their positions in POWI. GAMMA Investing LLC increased its holdings in shares of Power Integrations by 69.8% in the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company's stock valued at $26,000 after buying an additional 150 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Power Integrations during the first quarter valued at $51,000. Fidelis Capital Partners LLC purchased a new position in Power Integrations in the 1st quarter worth about $55,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Power Integrations in the 2nd quarter worth about $63,000. Finally, Quest Partners LLC lifted its stake in Power Integrations by 23.5% during the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company's stock valued at $88,000 after buying an additional 240 shares in the last quarter.

Power Integrations Price Performance

POWI traded up $1.42 during trading on Friday, hitting $59.65. The company had a trading volume of 280,488 shares, compared to its average volume of 412,519. Power Integrations has a 1-year low of $56.63 and a 1-year high of $89.68. The company has a market cap of $3.39 billion, a PE ratio of 64.84, a P/E/G ratio of 4.66 and a beta of 1.10. The business has a 50-day moving average of $66.82 and a 200-day moving average of $70.01.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The business had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The company's revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. Research analysts forecast that Power Integrations will post 0.6 earnings per share for the current year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, August 30th. Power Integrations's dividend payout ratio is currently 86.96%.

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.