Power Integrations, Inc. (NASDAQ:POWI) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Power Integrations has a “Moderate Buy” consensus from eight analysts, split evenly between four buy and four hold ratings. The average 12-month price target is $72.67, although Stifel and Needham recently reduced their targets to $80.
• The company beat quarterly expectations, reporting $0.37 in EPS versus a $0.32 consensus and revenue of $118.94 million versus $117.44 million expected. Revenue increased 2.6% year over year.
• POWI shares opened at $52.28, with a market capitalization of $2.92 billion and a price-to-earnings ratio of 116.18; several institutional investors recently initiated or increased positions.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $72.6667.

Several research firms have issued reports on POWI. Stifel Nicolaus cut their price target on shares of Power Integrations from $95.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Weiss Ratings upgraded Power Integrations from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 19th. Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Needham & Company LLC dropped their target price on Power Integrations from $90.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Williams Trading set a $80.00 price target on Power Integrations in a research report on Thursday, August 6th.

Power Integrations Stock Up 5.2%

Power Integrations stock opened at $52.28 on Friday. Power Integrations has a 52 week low of $30.86 and a 52 week high of $91.18. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 116.18 and a beta of 1.54. The business has a 50-day simple moving average of $60.79 and a 200 day simple moving average of $63.60.

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

Institutional Investors Weigh In On Power Integrations

Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Power Integrations in the second quarter valued at about $204,000. Tidal Investments LLC lifted its holdings in Power Integrations by 33.6% in the 2nd quarter. Tidal Investments LLC now owns 14,258 shares of the semiconductor company's stock worth $1,194,000 after buying an additional 3,582 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Power Integrations in the 2nd quarter worth approximately $815,000. Baird Financial Group Inc. bought a new stake in shares of Power Integrations in the 2nd quarter worth approximately $263,000. Finally, Nykredit A S purchased a new position in shares of Power Integrations during the second quarter valued at approximately $141,000.

About Power Integrations

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

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

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