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.
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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