Power Integrations, Inc. (NASDAQ:POWI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $78.00.

A number of research analysts have recently weighed in on POWI shares. Benchmark restated a "buy" rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, November 8th. TD Cowen dropped their price target on shares of Power Integrations from $80.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Northland Capmk upgraded shares of Power Integrations from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th.

Power Integrations Stock Up 1.5 %

Shares of NASDAQ:POWI traded up $0.95 during trading on Friday, reaching $65.51. 225,950 shares of the company traded hands, compared to its average volume of 407,779. Power Integrations has a 1-year low of $56.63 and a 1-year high of $89.68. The firm has a market cap of $3.73 billion, a P/E ratio of 98.14, a price-to-earnings-growth ratio of 7.01 and a beta of 1.10. The firm has a fifty day simple moving average of $63.22 and a 200 day simple moving average of $67.43.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. As a group, research analysts anticipate that Power Integrations will post 0.54 EPS for the current year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This is a boost from Power Integrations's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.28%. Power Integrations's payout ratio is currently 121.21%.

Insider Buying and Selling

In other news, VP Doug Bailey sold 8,549 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the sale, the vice president now owns 86,375 shares in the company, valued at approximately $5,610,920. The trade was a 9.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Power Integrations

A number of large investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in Power Integrations by 1.1% during the 3rd quarter. State Street Corp now owns 2,540,328 shares of the semiconductor company's stock worth $162,886,000 after buying an additional 27,488 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Power Integrations by 25.6% in the third quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company's stock valued at $150,062,000 after acquiring an additional 476,986 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in Power Integrations by 4.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company's stock worth $135,400,000 after purchasing an additional 80,761 shares during the period. Geode Capital Management LLC raised its holdings in Power Integrations by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,575,437 shares of the semiconductor company's stock worth $101,033,000 after purchasing an additional 63,150 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position in 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 valued at $77,401,000 after purchasing an additional 213,392 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.