Power Integrations (NASDAQ:POWI) Rating Reiterated by Loop Capital

Power Integrations (NASDAQ:POWI)‘s stock had its “hold” rating reiterated by research analysts at Loop Capital in a research report issued to clients and investors on Tuesday, June 18th, The Fly reports. They presently have a $76.00 price target on the semiconductor company’s stock. Loop Capital’s target price suggests a potential downside of 2.81% from the company’s current price.

Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday, May 3rd. Finally, Northland Securities reissued a “hold” rating and issued a $52.00 target price on shares of Power Integrations in a report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $71.50.

NASDAQ POWI opened at $78.20 on Tuesday. Power Integrations has a 52 week low of $47.35 and a 52 week high of $83.94. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 36.54 and a beta of 1.29. The company’s 50-day simple moving average is $70.81.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.19. The firm had revenue of $89.19 million during the quarter, compared to analyst estimates of $90.10 million. Power Integrations had a net margin of 15.67% and a return on equity of 10.86%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. On average, sell-side analysts anticipate that Power Integrations will post 1.66 earnings per share for the current fiscal year.

In related news, VP Doug Bailey sold 1,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $65.31, for a total value of $65,310.00. Following the completion of the sale, the vice president now directly owns 59,298 shares in the company, valued at $3,872,752.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Nayyar sold 5,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $79.94, for a total value of $399,700.00. Following the completion of the sale, the chief financial officer now owns 82,512 shares of the company’s stock, valued at $6,596,009.28. The disclosure for this sale can be found here. Insiders have sold a total of 19,000 shares of company stock valued at $1,490,450 over the last quarter. Corporate insiders own 4.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its stake in shares of Power Integrations by 1,426.5% during the first quarter. Quadrant Capital Group LLC now owns 748 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 699 shares during the period. Ellis Investment Partners LLC purchased a new position in shares of Power Integrations during the first quarter valued at $77,000. Cutler Group LP increased its stake in shares of Power Integrations by 222.2% during the first quarter. Cutler Group LP now owns 1,305 shares of the semiconductor company’s stock valued at $91,000 after buying an additional 900 shares during the period. ETF Managers Group LLC increased its stake in shares of Power Integrations by 10.5% during the first quarter. ETF Managers Group LLC now owns 2,103 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 199 shares during the period. Finally, Advisor Group Inc. grew its stake in Power Integrations by 15.9% in the fourth quarter. Advisor Group Inc. now owns 3,097 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 426 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

About Power Integrations

Power Integrations, Inc designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.

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