Stifel Nicolaus Lowers Power Integrations (NASDAQ:POWI) Price Target to $80.00

Power Integrations (NASDAQ:POWI) had its price objective dropped by research analysts at Stifel Nicolaus from $95.00 to $80.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 23.86% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Susquehanna increased their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research report on Friday, May 8th. Finally, Needham & Company LLC decreased their price objective on Power Integrations from $90.00 to $80.00 and set a “buy” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.67.

Power Integrations Trading Up 9.5%

POWI stock opened at $64.59 on Thursday. Power Integrations has a 12-month low of $30.86 and a 12-month high of $91.18. The stock’s 50 day simple moving average is $73.61 and its 200 day simple moving average is $62.02. The firm has a market cap of $3.60 billion, a P/E ratio of 143.54 and a beta of 1.58.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $118.94 million for the quarter, compared to analysts’ expectations of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. On average, research analysts forecast that Power Integrations will post 0.76 EPS for the current fiscal year.

Insider Activity

In related news, VP Sunil Gupta sold 15,894 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the sale, the vice president owned 71,239 shares of the company’s stock, valued at $5,854,421.02. The trade was a 18.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicholas Brathwaite sold 6,895 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director owned 30,609 shares of the company’s stock, valued at $2,216,397.69. This trade represents a 18.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 334,772 shares of company stock worth $27,322,535 over the last three months. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Power Integrations

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Power Integrations during the second quarter worth about $730,559,000. Deutsche Bank AG bought a new stake in Power Integrations in the second quarter worth about $12,573,000. Old West Investment Management LLC acquired a new stake in Power Integrations in the 2nd quarter valued at about $1,553,000. Global Retirement Partners LLC acquired a new stake in Power Integrations in the 2nd quarter valued at about $44,000. Finally, Bank of New York Mellon Corp acquired a new stake in Power Integrations in the 2nd quarter valued at about $39,075,000.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.