Shares of Power Integrations, Inc. (NASDAQ:POWI – Get Free Report) gapped down prior to trading on Friday after Susquehanna lowered their price target on the stock from $105.00 to $100.00. The stock had previously closed at $90.01, but opened at $85.51. Susquehanna currently has a positive rating on the stock. Power Integrations shares last traded at $83.26, with a volume of 77,442 shares.
A number of other equities research analysts also recently issued reports on the stock. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $82.00 price target on the stock. in a research note on Monday, July 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Power Integrations from $75.00 to $80.00 in a research report on Friday, May 5th. StockNews.com assumed coverage on shares of Power Integrations in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of Power Integrations from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $89.38.
Insider Activity at Power Integrations
In other news, CEO Balu Balakrishnan sold 21,674 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $89.85, for a total transaction of $1,947,408.90. Following the sale, the chief executive officer now owns 572,885 shares of the company’s stock, valued at approximately $51,473,717.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Balu Balakrishnan sold 21,674 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $89.85, for a total value of $1,947,408.90. Following the completion of the sale, the chief executive officer now owns 572,885 shares of the company’s stock, valued at approximately $51,473,717.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Doug Bailey sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $82.41, for a total transaction of $82,410.00. Following the completion of the sale, the vice president now directly owns 108,029 shares of the company’s stock, valued at approximately $8,902,669.89. The disclosure for this sale can be found here. Insiders sold 48,408 shares of company stock valued at $4,302,864 in the last three months. 1.70% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of POWI. Belpointe Asset Management LLC boosted its position in shares of Power Integrations by 59.8% during the 1st quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 128 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Power Integrations in the second quarter valued at about $72,000. Signaturefd LLC lifted its position in Power Integrations by 31.1% in the fourth quarter. Signaturefd LLC now owns 1,100 shares of the semiconductor company’s stock valued at $79,000 after buying an additional 261 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Power Integrations by 498.9% in the fourth quarter. Meeder Asset Management Inc. now owns 1,108 shares of the semiconductor company’s stock valued at $79,000 after buying an additional 923 shares during the last quarter. Finally, Covestor Ltd lifted its position in Power Integrations by 179.3% in the first quarter. Covestor Ltd now owns 863 shares of the semiconductor company’s stock valued at $80,000 after buying an additional 554 shares during the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.
Power Integrations Stock Down 6.4 %
The stock’s 50-day simple moving average is $92.06 and its 200 day simple moving average is $85.45. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 37.22 and a beta of 1.18.
Power Integrations (NASDAQ:POWI – Get Free Report) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Power Integrations had a net margin of 22.85% and a return on equity of 17.85%. The company had revenue of $123.22 million for the quarter, compared to analysts’ expectations of $122.77 million. On average, sell-side analysts expect that Power Integrations, Inc. will post 1.51 EPS for the current fiscal year.
Power Integrations Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, May 30th. This represents a $0.76 dividend on an annualized basis and a yield of 0.90%. Power Integrations’s dividend payout ratio (DPR) is presently 33.33%.
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.