Power Integrations (NASDAQ:POWI - Get Free Report) had its price target reduced by investment analysts at Stifel Nicolaus from $90.00 to $70.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' target price would indicate a potential upside of 54.18% from the stock's previous close.
Other equities research analysts have also recently issued research reports about the stock. Benchmark restated a "buy" rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Power Integrations currently has an average rating of "Moderate Buy" and an average price target of $73.83.
Get Our Latest Research Report on POWI
Power Integrations Price Performance
POWI traded up $0.48 on Thursday, hitting $45.40. The company had a trading volume of 380,096 shares, compared to its average volume of 454,970. The stock has a fifty day simple moving average of $54.65 and a 200-day simple moving average of $60.00. The firm has a market capitalization of $2.58 billion, a P/E ratio of 79.65, a P/E/G ratio of 4.08 and a beta of 1.32. Power Integrations has a 52-week low of $40.78 and a 52-week high of $79.13.
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 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%. Equities research analysts expect that Power Integrations will post 0.93 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Balu Balakrishnan sold 12,507 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. The trade was a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Clifford Walker sold 2,472 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $150,174.00. Following the sale, the vice president now directly owns 142,145 shares in the company, valued at $8,635,308.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,105 shares of company stock worth $3,075,198 in the last three months. Insiders own 1.40% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Power Integrations during the 4th quarter valued at $288,000. UMB Bank n.a. grew its stake in shares of Power Integrations by 43.9% during 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. Charles Schwab Investment Management Inc. increased its position in shares of Power Integrations by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock valued at $40,412,000 after purchasing an additional 33,741 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Power Integrations in the 4th quarter worth approximately $227,000. Finally, Barclays PLC grew its position in Power Integrations by 173.4% during the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock valued at $11,591,000 after buying an additional 114,644 shares during the period.
About Power Integrations
(
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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.
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