Power Integrations (NASDAQ:POWI) Upgraded at StockNews.com

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

Separately, Benchmark reiterated a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Power Integrations has an average rating of "Moderate Buy" and an average target price of $78.00.

Power Integrations Stock Performance

POWI traded down $3.57 during trading on Wednesday, hitting $50.98. 544,662 shares of the stock were exchanged, compared to its average volume of 429,024. Power Integrations has a 1 year low of $50.95 and a 1 year high of $79.13. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 89.44, a P/E/G ratio of 4.08 and a beta of 1.11. The firm has a 50 day simple moving average of $59.70 and a 200 day simple moving average of $61.76.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share 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%. As a group, equities analysts anticipate that Power Integrations will post 0.93 earnings per share for the current fiscal year.

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Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.65%. Power Integrations's dividend payout ratio (DPR) is 147.37%.

Insiders Place Their Bets

In other Power Integrations news, VP Radu Barsan sold 10,393 shares of the business's stock in a transaction that occurred 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 sale, the vice president now owns 45,295 shares of the company's stock, valued at approximately $2,993,093.60. The trade was a 18.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Clifford Walker sold 2,472 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the transaction, the vice president now directly owns 142,145 shares of the company's stock, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,544 shares of company stock valued at $2,433,105. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Power Integrations

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Power Integrations by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock worth $444,909,000 after purchasing an additional 114,047 shares during the period. State Street Corp raised its position 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 during the last quarter. Wellington Management Group LLP lifted its stake in Power Integrations by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company's stock valued at $150,879,000 after acquiring an additional 105,034 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Power Integrations by 4.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,111,663 shares of the semiconductor company's stock valued at $135,400,000 after acquiring an additional 80,761 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Power Integrations by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock worth $118,492,000 after acquiring an additional 178,896 shares during the period.

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.