Power Integrations (NASDAQ:POWI) Given New $72.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus lowered Power Integrations’ price target from $80 to $72 but maintained a “buy” rating, implying approximately 32.2% upside from the stock’s $54.46 price.
• Analyst sentiment remains moderately bullish: four analysts rate the stock “buy” and four rate it “hold,” with an average price target of $71.33.
• Power Integrations exceeded quarterly expectations, reporting $0.37 in EPS versus the $0.32 consensus and revenue of $118.94 million, up 2.6% year over year.

Power Integrations (NASDAQ:POWI - Get Free Report) had its price objective decreased by equities researchers at Stifel Nicolaus from $80.00 to $72.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price objective would indicate a potential upside of 32.21% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings raised Power Integrations from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 19th. Needham & Company LLC reduced their price objective on Power Integrations from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Williams Trading set a $80.00 target price on Power Integrations in a research note on Thursday, August 6th. Finally, Zacks Research lowered Power Integrations from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $71.33.

Power Integrations Stock Performance

POWI opened at $54.46 on Monday. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 121.02 and a beta of 1.54. The stock has a fifty day simple moving average of $54.92 and a two-hundred day simple moving average of $64.07. Power Integrations has a 12-month low of $30.86 and a 12-month high of $91.18.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The firm 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 company's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. On average, analysts predict that Power Integrations will post 0.77 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in POWI. Hsbc Holdings PLC boosted its stake in shares of Power Integrations by 6.7% during the 2nd quarter. Hsbc Holdings PLC now owns 5,213 shares of the semiconductor company's stock worth $437,000 after acquiring an additional 329 shares during the last quarter. Cim Investment Management Inc. grew its position in shares of Power Integrations by 7.4% during the 2nd quarter. Cim Investment Management Inc. now owns 5,168 shares of the semiconductor company's stock valued at $433,000 after acquiring an additional 357 shares during the period. Harbor Investment Advisory LLC purchased a new stake in shares of Power Integrations in the 2nd quarter worth $33,000. GAMMA Investing LLC raised its holdings in Power Integrations by 29.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,885 shares of the semiconductor company's stock worth $158,000 after purchasing an additional 434 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Power Integrations by 125.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 453 shares during the period.

About Power Integrations

Power Integrations, Inc is a semiconductor company that designs and manufactures high-performance power-conversion technologies. Its products are used to convert and manage electrical power in applications such as consumer electronics, appliances, industrial equipment, communications systems, renewable-energy installations and automotive systems.

The company's product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor-correction systems, high-voltage gate drivers and motor-drive applications.

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