Power Integrations (NASDAQ:POWI) Price Target Raised to $75.00

Power Integrations (NASDAQ:POWI) had its target price upped by Stifel Nicolaus from $70.00 to $75.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other research analysts have also issued reports about the company. Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.67.

Power Integrations Price Performance

Power Integrations stock opened at $55.35 on Tuesday. The stock has a fifty day moving average price of $50.94 and a two-hundred day moving average price of $58.53. Power Integrations has a 52-week low of $40.78 and a 52-week high of $79.13. The firm has a market capitalization of $3.15 billion, a P/E ratio of 97.11, a P/E/G ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The firm had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. During the same period in the prior year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities research analysts predict that Power Integrations will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, May 30th. Power Integrations’s payout ratio is presently 129.23%.

Insider Transactions at Power Integrations

In other news, VP Clifford Walker sold 1,088 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the transaction, the vice president now owns 141,765 shares of the company’s stock, valued at $7,214,420.85. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $66.08, for a total value of $686,769.44. Following the transaction, the vice president now directly owns 45,295 shares in the company, valued at $2,993,093.60. This trade represents a 18.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,954 shares of company stock worth $1,328,862. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

Several large investors have recently made changes to their positions in POWI. Allworth Financial LP lifted its stake in shares of Power Integrations by 257.8% during the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 428 shares during the period. Bayforest Capital Ltd lifted its stake in shares of Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 222 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Power Integrations by 110.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the period. UMB Bank n.a. lifted its stake in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Power Integrations by 841.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 698 shares during the period.

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.