Power Integrations, Inc. (NASDAQ:POWI) has received an average rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $83.50.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 target price on shares of Power Integrations in a research note on Wednesday, October 4th. Drexel Hamilton set a $84.00 target price on shares of Power Integrations and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG downgraded shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research note on Tuesday, July 25th.
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Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Power Integrations had a net margin of 13.69% and a return on equity of 11.95%. The business had revenue of $111.30 million during the quarter, compared to the consensus estimate of $111.82 million. During the same quarter last year, the firm earned $0.67 earnings per share. Power Integrations’s quarterly revenue was up 9.5% on a year-over-year basis. equities research analysts anticipate that Power Integrations will post 2.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, November 29th. Power Integrations’s dividend payout ratio (DPR) is currently 29.17%.
In other news, Director Steven Sharp sold 10,000 shares of Power Integrations stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $79.49, for a total transaction of $794,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Balu Balakrishnan sold 51,350 shares of Power Integrations stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $80.71, for a total transaction of $4,144,458.50. Following the transaction, the chief executive officer now owns 268,226 shares of the company’s stock, valued at $21,648,520.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,978 shares of company stock valued at $5,272,565. Insiders own 4.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of POWI. Huntington National Bank grew its holdings in shares of Power Integrations by 22.8% during the second quarter. Huntington National Bank now owns 1,504 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 279 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Power Integrations by 14.5% during the second quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 231 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Power Integrations by 71.2% during the second quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock valued at $175,000 after buying an additional 997 shares during the last quarter. Turner Investments LLC acquired a new position in shares of Power Integrations during the second quarter valued at about $182,000. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Power Integrations by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.
About Power Integrations
Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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