Power Integrations (NASDAQ:POWI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Power Integrations (NASDAQ:POWI - Free Report) from a sell rating to a hold rating in a report released on Friday.

A number of other analysts have also recently weighed in on the stock. Susquehanna reduced their target price on shares of Power Integrations from $95.00 to $80.00 and set a "positive" rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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 upgraded shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. TD Cowen cut their target price on shares of Power Integrations from $80.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Finally, Benchmark reiterated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Power Integrations currently has an average rating of "Moderate Buy" and an average price target of $78.50.

Power Integrations Trading Up 4.0 %

POWI traded up $2.40 on Friday, hitting $62.83. 360,825 shares of the company's stock were exchanged, compared to its average volume of 403,422. The firm has a market cap of $3.57 billion, a PE ratio of 82.84, a P/E/G ratio of 5.07 and a beta of 1.10. Power Integrations has a twelve month low of $56.63 and a twelve month high of $89.68. The stock has a fifty day moving average of $62.44 and a two-hundred day moving average of $68.03.

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

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.27%. Power Integrations's dividend payout ratio is currently 106.67%.

Insider Activity

In other news, VP Sunil Gupta sold 2,127 shares of the firm's 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 transaction, the vice president now owns 51,899 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of POWI. Copeland Capital Management LLC increased its holdings in shares of Power Integrations by 21.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company's stock worth $77,401,000 after purchasing an additional 213,392 shares during the period. M&G PLC bought a new position in shares of Power Integrations during the 3rd quarter worth about $9,820,000. D. E. Shaw & Co. Inc. increased its holdings in shares of Power Integrations by 40.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company's stock worth $32,110,000 after purchasing an additional 131,735 shares during the period. Millennium Management LLC increased its holdings in shares of Power Integrations by 23.4% during the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company's stock worth $41,634,000 after purchasing an additional 112,595 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Power Integrations by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company's stock worth $467,119,000 after purchasing an additional 105,034 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.