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

StockNews.com downgraded shares of Power Integrations (NASDAQ:POWI - Free Report) from a buy rating to a hold rating in a research report released on Thursday.

Separately, Benchmark reiterated a "buy" rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.00.

Power Integrations Price Performance

NASDAQ POWI traded down $0.40 during trading hours on Thursday, reaching $43.28. 1,535,149 shares of the stock traded hands, compared to its average volume of 443,982. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 75.93, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. Power Integrations has a 1 year low of $41.11 and a 1 year high of $79.13. The stock has a 50 day simple moving average of $57.91 and a two-hundred day simple moving average of $61.28.

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Power Integrations (NASDAQ:POWI - Get Free Report) last issued its 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, sell-side analysts forecast that Power Integrations will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

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

Insider Activity

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the business'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 sale, the chief executive officer now directly owns 600,002 shares in the company, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Radu Barsan sold 10,393 shares of the firm's stock in a transaction 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 completion of the transaction, the vice president now owns 45,295 shares in the company, 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. Over the last ninety days, insiders sold 52,105 shares of company stock worth $3,075,198. Insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of POWI. Wellington Management Group LLP increased its position in shares of Power Integrations by 25.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,340,328 shares of the semiconductor company's stock valued at $150,062,000 after purchasing an additional 476,986 shares during the last quarter. Norges Bank bought a new stake in Power Integrations during the fourth quarter valued at approximately $19,663,000. Federated Hermes Inc. grew its position in Power Integrations by 40.0% during the fourth quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company's stock valued at $43,870,000 after buying an additional 203,309 shares during the period. JPMorgan Chase & Co. increased its holdings in Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock valued at $118,492,000 after buying an additional 178,896 shares during the last quarter. Finally, Snyder Capital Management L P raised its position in Power Integrations by 22.3% in the fourth quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock worth $54,451,000 after acquiring an additional 160,784 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.