Roth Capital Initiates Coverage on Power Integrations (NASDAQ:POWI)

Key Points

• Roth Capital initiated coverage with a Buy rating and a $52 price target, implying 12.9% upside from the stock’s then-current price.
• Analyst sentiment is moderately positive: five analysts rate POWI Buy and four Hold, with a consensus price target of $58.57. Recent target changes were mixed, including cuts from Needham and Susquehanna.
• Power Integrations reported quarterly EPS of $0.46, beating estimates of $0.42, while revenue of $125.48 million fell slightly short of expectations; revenue grew 5.5% year over year.

Stock analysts at Roth Capital started coverage on shares of Power Integrations (NASDAQ:POWI - Get Free Report) in a report issued on Friday, Briefing.com reports. The brokerage set a "buy" rating and a $52.00 price target on the semiconductor company's stock. Roth Capital's target price points to a potential upside of 12.90% from the company's current price.

A number of other brokerages also recently issued reports on POWI. Stifel Nicolaus set a $62.00 price objective on shares of Power Integrations in a research report on Thursday, November 5th. Zacks Research cut shares of Power Integrations from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Williams Trading set a $65.00 target price on Power Integrations in a research note on Thursday, November 5th. Needham & Company LLC reduced their target price on Power Integrations from $80.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, November 5th. Finally, Susquehanna reduced their target price on Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a report on Thursday, November 5th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Power Integrations currently has a consensus rating of "Moderate Buy" and an average price target of $58.57.

Power Integrations Price Performance

POWI opened at $46.06 on Friday. Power Integrations has a 1 year low of $30.86 and a 1 year high of $91.18. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 52.24 and a beta of 1.58. The firm's fifty day moving average price is $48.43 and its two-hundred day moving average price is $58.58.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Wednesday, November 4th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. Power Integrations had a net margin of 9.81% and a return on equity of 7.36%. The company had revenue of $125.48 million during the quarter, compared to the consensus estimate of $126.03 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Power Integrations will post 0.77 EPS for the current year.

Institutional Trading of Power Integrations

A number of large investors have recently added to or reduced their stakes in POWI. Heritage Family Offices LLP purchased a new position in Power Integrations in the third quarter valued at about $32,000. Harbor Investment Advisory LLC purchased a new stake in shares of Power Integrations during the 2nd quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its stake in shares of Power Integrations by 125.5% during 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 last quarter. Allworth Financial LP purchased a new stake in shares of Power Integrations during the 2nd quarter worth approximately $42,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Power Integrations in the 2nd quarter worth approximately $44,000.

Power Integrations Company Profile

Power Integrations, Inc. designs and markets semiconductor technologies used in high-voltage power conversion. Its products include integrated circuits, power switches, diodes and gate drivers that help convert and control electricity in electronic systems. The company's products are used in applications such as consumer electronics, appliances, industrial equipment, communications systems, electric vehicles and renewable-energy installations. Its EcoSmart technology is designed to improve energy efficiency in power supplies and other power-conversion applications.

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