Susquehanna Has Lowered Expectations for Power Integrations (NASDAQ:POWI) Stock Price

Power Integrations (NASDAQ:POWI) had its price target decreased by equities research analysts at Susquehanna from $80.00 to $77.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective would indicate a potential upside of 15.79% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Wednesday, September 11th. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price objective (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Power Integrations presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Stock Up 0.1 %

NASDAQ:POWI traded up $0.07 during mid-day trading on Thursday, hitting $66.50. 172,545 shares of the stock traded hands, compared to its average volume of 405,634. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 88.67, a PEG ratio of 5.10 and a beta of 1.10. The firm’s 50 day moving average is $62.32 and its two-hundred day moving average is $68.02. Power Integrations has a 52 week low of $56.63 and a 52 week high of $89.68.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. As a group, research analysts predict that Power Integrations will post 0.59 EPS for the current year.

Insider Transactions at Power Integrations

In other news, VP Sunil Gupta sold 2,127 shares of the stock in a transaction 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,398 shares of company stock worth $157,847 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Power Integrations

A number of institutional investors and hedge funds have recently modified their holdings of POWI. Norden Group LLC acquired a new position in Power Integrations in the 1st quarter valued at about $264,000. BNP Paribas Financial Markets increased its position in shares of Power Integrations by 3.4% in the 1st quarter. BNP Paribas Financial Markets now owns 56,136 shares of the semiconductor company’s stock valued at $4,017,000 after purchasing an additional 1,854 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Power Integrations by 29.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,039 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 914 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of Power Integrations by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 49,762 shares of the semiconductor company’s stock valued at $3,560,000 after purchasing an additional 645 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in shares of Power Integrations in the 1st quarter valued at approximately $1,261,000.

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.