Power Integrations, Inc. (NASDAQ:POWI) Receives $78.00 Average PT from Analysts

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $78.00.

Several research analysts have issued reports on the stock. Benchmark reissued a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research report on Friday, February 7th. StockNews.com lowered Power Integrations from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Power Integrations Price Performance

Shares of POWI traded up $0.89 during midday trading on Friday, reaching $56.35. 300,304 shares of the stock were exchanged, compared to its average volume of 409,341. Power Integrations has a twelve month low of $54.55 and a twelve month high of $79.13. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 99.32, a PEG ratio of 4.08 and a beta of 1.11. The business's 50-day moving average price is $61.19 and its 200 day moving average price is $62.39.

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Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, equities research analysts expect that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, February 28th. Power Integrations's payout ratio is 147.37%.

Insider Transactions at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the sale, the chief financial officer now owns 110,394 shares of the company's stock, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Radu Barsan sold 10,393 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now directly owns 45,295 shares of the company's stock, valued at approximately $2,993,093.60. This trade represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,544 shares of company stock worth $2,433,105 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of Power Integrations by 55.6% in the 3rd quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company's stock worth $2,138,000 after acquiring an additional 12,297 shares during the period. GSA Capital Partners LLP grew its holdings in Power Integrations by 97.5% in the third quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company's stock valued at $1,669,000 after purchasing an additional 12,847 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Power Integrations by 214.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company's stock valued at $2,684,000 after buying an additional 28,548 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Power Integrations during the 4th quarter worth $288,000. Finally, UMB Bank n.a. boosted its position in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after buying an additional 192 shares in the last quarter.

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.