Power Integrations (NASDAQ:POWI) Stock Gets Price Target Trim from Susquehanna

Key Points

• Susquehanna cut Power Integrations’ price target from $85 to $70 while maintaining a positive rating, implying about 49% upside from the prior close.
• Analyst sentiment remains broadly favorable, with a consensus “Moderate Buy” rating and an average price target of $68.83; ratings are split between four Buys and four Holds.
• Power Integrations recently exceeded quarterly expectations, reporting $0.37 in EPS versus $0.32 expected and revenue of $118.94 million, up 2.6% year over year.

Power Integrations (NASDAQ:POWI - Get Free Report) had its price objective lowered by Susquehanna from $85.00 to $70.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a "positive" rating on the semiconductor company's stock. Susquehanna's target price suggests a potential upside of 49.03% from the company's previous close.

A number of other research firms also recently commented on POWI. Williams Trading set a $80.00 target price on shares of Power Integrations in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Zacks Research cut Power Integrations from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Weiss Ratings raised Power Integrations from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 19th. Finally, Stifel Nicolaus dropped their price target on Power Integrations from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $68.83.

Power Integrations Stock Up 3.3%

Shares of NASDAQ POWI opened at $46.97 on Wednesday. The firm's 50-day moving average price is $51.77 and its 200-day moving average price is $64.01. The company has a market cap of $2.62 billion, a PE ratio of 104.38 and a beta of 1.54. Power Integrations has a 52-week low of $30.86 and a 52-week high of $91.18.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The firm had revenue of $118.94 million during the quarter, compared to analyst estimates of $117.44 million. During the same period in the previous year, the business posted $0.35 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that Power Integrations will post 0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Power Integrations

Several institutional investors have recently made changes to their positions in POWI. Teachers Retirement System of The State of Kentucky lifted its position in shares of Power Integrations by 180.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company's stock valued at $1,895,000 after buying an additional 23,837 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in Power Integrations in the 1st quarter worth approximately $3,138,000. Calamos Advisors LLC purchased a new stake in Power Integrations in the 1st quarter worth approximately $1,181,000. Emerald Advisers LLC bought a new stake in Power Integrations during the 1st quarter worth approximately $5,941,000. Finally, Copeland Capital Management LLC raised its stake in Power Integrations by 12.6% during the 1st quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company's stock worth $67,676,000 after acquiring an additional 147,882 shares during the period.

About Power Integrations

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

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

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