Power Integrations (NASDAQ:POWI) Earns Buy Rating from Benchmark

Power Integrations (NASDAQ:POWI)‘s stock had its “buy” rating reiterated by Benchmark in a report released on Friday,Benzinga reports. They presently have a $78.00 target price on the semiconductor company’s stock. Benchmark’s price objective indicates a potential upside of 17.63% from the company’s current price.

Other analysts also recently issued research reports about the stock. TD Cowen cut their price objective on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Susquehanna lowered their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Up 1.4 %

Shares of NASDAQ:POWI traded up $0.93 during trading on Friday, reaching $66.31. 535,878 shares of the stock were exchanged, compared to its average volume of 408,870. The firm has a market cap of $3.77 billion, a PE ratio of 100.47, a PEG ratio of 5.34 and a beta of 1.10. Power Integrations has a 12 month low of $56.63 and a 12 month high of $89.68. The stock has a 50-day moving average price of $62.29 and a 200-day moving average price of $68.05.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a return on equity of 4.15% and a net margin of 9.27%. The firm had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. During the same period in the prior year, the firm posted $0.35 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, sell-side analysts expect that Power Integrations will post 0.59 earnings per share for the current fiscal year.

Insider Activity at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total value of $140,169.30. Following the sale, the vice president now owns 51,899 shares in the company, valued at $3,420,144.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 2,398 shares of company stock valued at $157,847. 1.70% of the stock is owned by insiders.

Institutional Trading of Power Integrations

A number of hedge funds have recently made changes to their positions in POWI. Copeland Capital Management LLC boosted its position in Power Integrations by 21.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after buying an additional 213,392 shares during the period. M&G PLC bought a new stake in shares of Power Integrations in the third quarter worth $9,820,000. D. E. Shaw & Co. Inc. raised its position in Power Integrations by 40.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 457,470 shares of the semiconductor company’s stock worth $32,110,000 after purchasing an additional 131,735 shares during the last quarter. Millennium Management LLC lifted its holdings in Power Integrations by 23.4% during the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock worth $41,634,000 after buying an additional 112,595 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Power Integrations by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,528,564 shares of the semiconductor company’s stock valued at $467,119,000 after buying an additional 105,034 shares during the last quarter.

Power Integrations Company Profile

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.