Analysts Set Power Integrations, Inc. (NASDAQ:POWI) Target Price at $87.40

Power Integrations, Inc. (NASDAQ:POWI) has earned an average rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $87.40.

A number of equities research analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Northland Securities raised shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 target price on the stock in a report on Monday, February 26th. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Benchmark upped their price objective on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 9th.

Insider Activity at Power Integrations

In related news, CEO Balu Balakrishnan sold 5,232 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $81.02, for a total transaction of $423,896.64. Following the transaction, the chief executive officer now owns 508,461 shares in the company, valued at approximately $41,195,510.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Power Integrations news, VP Yang Chiah Yee sold 996 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.06, for a total transaction of $79,739.76. Following the transaction, the vice president now owns 32,625 shares in the company, valued at $2,611,957.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Balu Balakrishnan sold 5,232 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $81.02, for a total transaction of $423,896.64. Following the transaction, the chief executive officer now owns 508,461 shares in the company, valued at approximately $41,195,510.22. The disclosure for this sale can be found here. Insiders have sold 48,106 shares of company stock worth $3,518,339 in the last quarter. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in Power Integrations during the fourth quarter worth $26,000. SRS Capital Advisors Inc. raised its holdings in Power Integrations by 369.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after buying an additional 321 shares during the last quarter. Mather Group LLC. acquired a new position in Power Integrations during the first quarter worth $51,000. Fidelis Capital Partners LLC bought a new stake in shares of Power Integrations in the 1st quarter worth $55,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Power Integrations in the 3rd quarter worth $65,000.

Power Integrations Trading Up 9.2 %

Shares of Power Integrations stock opened at $76.63 on Monday. The firm has a market capitalization of $4.36 billion, a PE ratio of 79.00 and a beta of 1.20. The firm’s 50 day moving average is $69.58 and its 200 day moving average is $74.26. Power Integrations has a 1 year low of $62.13 and a 1 year high of $99.60.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.09. The company had revenue of $89.51 million for the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. As a group, research analysts anticipate that Power Integrations will post 0.65 earnings per share for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. Power Integrations’s payout ratio is presently 82.47%.

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.