Power Integrations, Inc. (NASDAQ:POWI) Receives Average Rating of "Moderate Buy" from Analysts

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $73.83.

Several brokerages have issued reports on POWI. Benchmark reaffirmed a "buy" rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, February 7th. Stifel Nicolaus reduced their target price on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, StockNews.com cut shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd.

Insider Transactions at Power Integrations

In related news, VP Clifford Walker sold 1,088 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the transaction, the vice president now owns 141,765 shares of the company's stock, valued at $7,214,420.85. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Nayyar sold 5,152 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $312,984.00. Following the sale, the chief financial officer now directly owns 110,394 shares of the company's stock, valued at $6,706,435.50. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,105 shares of company stock valued at $3,075,198. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in POWI. UMB Bank n.a. boosted its holdings 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 valued at $39,000 after purchasing an additional 192 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in Power Integrations by 1.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company's stock valued at $748,000 after buying an additional 211 shares in the last quarter. Pacer Advisors Inc. grew its position in Power Integrations by 2.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company's stock valued at $523,000 after acquiring an additional 230 shares during the last quarter. Covestor Ltd raised its stake in Power Integrations by 16.9% during the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after acquiring an additional 234 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Power Integrations by 4.1% in the first quarter. Bessemer Group Inc. now owns 6,769 shares of the semiconductor company's stock worth $342,000 after acquiring an additional 269 shares during the last quarter.

Power Integrations Trading Up 1.0 %

NASDAQ POWI opened at $50.68 on Monday. The firm's fifty day moving average price is $53.47 and its two-hundred day moving average price is $59.47. Power Integrations has a 1 year low of $40.78 and a 1 year high of $79.13. The firm has a market capitalization of $2.88 billion, a P/E ratio of 88.91, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32.

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

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, February 28th. Power Integrations's dividend payout ratio is currently 147.37%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.