Power Integrations (NASDAQ:POWI) Lifted to "Hold" at StockNews.com

Power Integrations (NASDAQ:POWI - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Tuesday.

Other analysts have also recently issued reports about the company. Stifel Nicolaus reiterated a "buy" rating and issued a $95.00 price objective (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Susquehanna reduced their price target on Power Integrations from $95.00 to $80.00 and set a "positive" rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on Power Integrations from $73.00 to $68.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Northland Capmk raised shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. Finally, Northland Securities upgraded shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price target for the company in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $78.50.

Power Integrations Trading Down 1.1 %

POWI traded down $0.68 during mid-day trading on Tuesday, hitting $62.36. 239,990 shares of the stock were exchanged, compared to its average volume of 406,762. The firm's fifty day moving average is $62.68 and its two-hundred day moving average is $68.33. 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 $3.54 billion, a PE ratio of 83.15, a PEG ratio of 5.15 and a beta of 1.10.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The business had revenue of $106.20 million for the quarter, compared to analysts' expectations of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The business's quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, research analysts anticipate that Power Integrations will post 0.59 earnings per share for the current year.

Insider Activity

In related news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the sale, the vice president now owns 51,899 shares in the company, valued at $3,420,144.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of Power Integrations

Several hedge funds have recently made changes to their positions in POWI. Vanguard Group Inc. increased its holdings in shares of Power Integrations by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,423,530 shares of the semiconductor company's stock valued at $527,436,000 after purchasing an additional 21,139 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Power Integrations by 3.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,385 shares of the semiconductor company's stock valued at $606,000 after buying an additional 231 shares in the last quarter. Congress Wealth Management LLC DE lifted its position in shares of Power Integrations by 6.4% during the 1st quarter. Congress Wealth Management LLC DE now owns 68,152 shares of the semiconductor company's stock valued at $4,876,000 after acquiring an additional 4,125 shares during the period. Tributary Capital Management LLC boosted its stake in shares of Power Integrations by 19.9% during the 1st quarter. Tributary Capital Management LLC now owns 270,291 shares of the semiconductor company's stock worth $19,339,000 after acquiring an additional 44,923 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of Power Integrations by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 13,918 shares of the semiconductor company's stock worth $996,000 after acquiring an additional 300 shares during the period.

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.

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