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

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two 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 1 year price objective among brokerages that have issued ratings on the stock in the last year is $78.00.

A number of research analysts have commented on the stock. Benchmark restated a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com cut Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday.

Power Integrations Trading Down 0.9 %

POWI traded down $0.40 during midday trading on Thursday, reaching $43.28. The company's stock had a trading volume of 1,535,149 shares, compared to its average volume of 443,982. Power Integrations has a twelve month low of $41.11 and a twelve month high of $79.13. The stock has a market cap of $2.46 billion, a P/E ratio of 75.93, a PEG ratio of 4.08 and a beta of 1.32. The company has a fifty day simple moving average of $57.91 and a 200 day simple moving average of $61.28.

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Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (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%. Sell-side analysts expect that Power Integrations will post 0.93 earnings per share for the current year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. Power Integrations's dividend payout ratio is 147.37%.

Insider Activity

In other Power Integrations news, CFO Sandeep Nayyar sold 1,929 shares of Power Integrations stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $98,166.81. Following the completion of the transaction, the chief financial officer now directly owns 107,357 shares of the company's stock, valued at $5,463,397.73. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 12,507 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares in the company, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,105 shares of company stock worth $3,075,198 over the last three months. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of Power Integrations

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Power Integrations by 1,618.2% during the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 534 shares during the last quarter. UMB Bank n.a. boosted its stake in 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 during the period. Quadrant Capital Group LLC grew its holdings in Power Integrations by 133.2% in the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock valued at $42,000 after buying an additional 385 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Power Integrations during the 4th quarter worth $51,000.

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.