Power Integrations (NASDAQ:POWI) Lowered to "Hold" Rating by StockNews.com

Power Integrations (NASDAQ:POWI - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

Several other equities analysts have also recently weighed in on the stock. Susquehanna decreased their price target on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a research note on Thursday, November 7th. Benchmark reaffirmed a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Three equities 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's stock. According to MarketBeat, Power Integrations currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Power Integrations Trading Down 6.6 %

Shares of POWI stock traded down $3.91 during trading hours on Friday, hitting $55.46. 786,363 shares of the company were exchanged, compared to its average volume of 409,372. Power Integrations has a 52 week low of $54.62 and a 52 week high of $79.13. The business has a 50 day moving average of $61.31 and a two-hundred day moving average of $62.47. The company has a market capitalization of $3.16 billion, a PE ratio of 97.30, a PEG ratio of 4.08 and a beta of 1.11.

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

Insider Activity

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the transaction, the vice president now directly owns 45,295 shares of the company's stock, valued at $2,993,093.60. The trade was a 18.66 % 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 firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares of the company's stock, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,544 shares of company stock valued at $2,433,105 in the last quarter. Company insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Power Integrations

Large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after buying an additional 282 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 534 shares during the period. UMB Bank n.a. grew its stake in shares of Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. Quadrant Capital Group LLC increased its position in Power Integrations by 133.2% during the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 385 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in Power Integrations in the 4th quarter worth about $51,000.

About Power Integrations

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.