StockNews.com Downgrades Power Integrations (NASDAQ:POWI) to Sell

Power Integrations (NASDAQ:POWIGet Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

A number of other equities research analysts have also weighed in on POWI. Susquehanna boosted their price objective on shares of Power Integrations from $80.00 to $100.00 and gave the stock a “positive” rating in a report on Monday, December 18th. Stifel Nicolaus lifted their target price on shares of Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $90.33.

View Our Latest Research Report on POWI

Power Integrations Price Performance

NASDAQ POWI opened at $76.03 on Monday. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 67.88 and a beta of 1.24. The company has a fifty day moving average price of $79.61 and a 200-day moving average price of $79.91. Power Integrations has a 1 year low of $66.90 and a 1 year high of $99.60.

Power Integrations (NASDAQ:POWIGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Power Integrations had a net margin of 13.40% and a return on equity of 8.52%. The firm had revenue of $125.51 million during the quarter, compared to the consensus estimate of $130.75 million. On average, research analysts anticipate that Power Integrations will post 0.75 EPS for the current fiscal year.

Insider Buying and Selling at Power Integrations

In other news, VP Doug Bailey sold 3,273 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $78.43, for a total transaction of $256,701.39. Following the completion of the transaction, the vice president now directly owns 100,896 shares in the company, valued at approximately $7,913,273.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Sandeep Nayyar sold 14,652 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $76.22, for a total value of $1,116,775.44. Following the completion of the sale, the chief financial officer now directly owns 74,055 shares in the company, valued at $5,644,472.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Doug Bailey sold 3,273 shares of Power Integrations stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $78.43, for a total value of $256,701.39. Following the sale, the vice president now owns 100,896 shares of the company’s stock, valued at $7,913,273.28. The disclosure for this sale can be found here. Insiders sold a total of 77,816 shares of company stock valued at $6,013,654 in the last three months. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Power Integrations

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Power Integrations by 4.5% during the second quarter. BlackRock Inc. now owns 6,996,813 shares of the semiconductor company’s stock worth $662,388,000 after purchasing an additional 299,127 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Power Integrations by 1.3% during the third quarter. Vanguard Group Inc. now owns 6,402,391 shares of the semiconductor company’s stock valued at $488,566,000 after buying an additional 81,455 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after buying an additional 154,032 shares during the period. Wellington Management Group LLP increased its stake in shares of Power Integrations by 2.8% during the first quarter. Wellington Management Group LLP now owns 2,496,977 shares of the semiconductor company’s stock valued at $231,420,000 after buying an additional 67,672 shares during the period. Finally, State Street Corp increased its stake in shares of Power Integrations by 4.0% during the first quarter. State Street Corp now owns 2,363,621 shares of the semiconductor company’s stock valued at $200,057,000 after buying an additional 91,770 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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Analyst Recommendations for Power Integrations (NASDAQ:POWI)

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