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

Power Integrations (NASDAQ:POWI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Three 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Trading Up 0.2 %

POWI stock opened at $51.32 on Thursday. Power Integrations has a one year low of $48.93 and a one year high of $79.13. The firm has a 50-day moving average of $58.99 and a two-hundred day moving average of $61.59. The firm has a market capitalization of $2.92 billion, a PE ratio of 90.04, a P/E/G ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, equities research analysts anticipate that Power Integrations will post 0.93 earnings per share for the current year.

Insider Buying and Selling at Power Integrations

In related news, VP Clifford Walker sold 2,472 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the sale, the vice president now directly owns 142,145 shares in the company, valued at $8,635,308.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Balu Balakrishnan sold 12,507 shares of Power Integrations stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,544 shares of company stock valued at $2,433,105. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Power Integrations

A number of hedge funds and other institutional investors have recently made changes to their positions in POWI. Citigroup Inc. raised its stake in shares of Power Integrations by 158.4% in the third quarter. Citigroup Inc. now owns 56,612 shares of the semiconductor company’s stock worth $3,630,000 after acquiring an additional 34,707 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Power Integrations by 0.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 103,451 shares of the semiconductor company’s stock valued at $6,632,000 after buying an additional 419 shares during the last quarter. FMR LLC increased its stake in shares of Power Integrations by 164.6% in the 3rd quarter. FMR LLC now owns 17,247 shares of the semiconductor company’s stock valued at $1,106,000 after buying an additional 10,728 shares during the period. BNP Paribas Financial Markets raised its position in shares of Power Integrations by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock worth $3,665,000 after acquiring an additional 27,016 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in Power Integrations by 12.5% in the third quarter. Glenmede Trust Co. NA now owns 4,495 shares of the semiconductor company’s stock valued at $288,000 after acquiring an additional 498 shares during the last quarter.

About Power Integrations

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.