Power Integrations, Inc. (NASDAQ:POWI) Stock Has Average Target Price of $71.33 According to Brokerages

Key Points

• Analyst sentiment is moderately positive: Eight analysts rate Power Integrations “Moderate Buy,” split evenly between buy and hold ratings, with an average 12-month price target of $71.33.
• Recent earnings exceeded expectations: The company reported quarterly EPS of $0.37 versus the $0.32 consensus estimate and revenue of $118.94 million, up 2.6% year over year.
• Shares opened at $53.40, below the average analyst target, while institutional investors including BlackRock and Wellington Management recently established or increased positions.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $71.33.

Several analysts have recently commented on the stock. Zacks Research downgraded shares of Power Integrations from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Stifel Nicolaus decreased their price objective on shares of Power Integrations from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Monday. Needham & Company LLC dropped their target price on shares of Power Integrations from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, Weiss Ratings raised Power Integrations from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 19th.

Power Integrations Price Performance

POWI opened at $53.40 on Wednesday. Power Integrations has a fifty-two week low of $30.86 and a fifty-two week high of $91.18. The firm has a market capitalization of $2.98 billion, a PE ratio of 118.67 and a beta of 1.54. The company's 50-day moving average is $54.63 and its 200 day moving average is $64.17.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The business had revenue of $118.94 million during the quarter, compared to the consensus estimate of $117.44 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.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 earned $0.35 EPS. As a group, analysts expect 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. BlackRock Inc. bought a new position in Power Integrations during the second quarter valued at $730,559,000. Wellington Management Group LLP raised its stake in Power Integrations by 7.1% in the 2nd quarter. Wellington Management Group LLP now owns 3,595,855 shares of the semiconductor company's stock valued at $301,189,000 after acquiring an additional 239,702 shares during the period. William Blair Investment Management LLC bought a new stake in Power Integrations in the 2nd quarter valued at about $199,517,000. Copeland Capital Management LLC boosted its position in Power Integrations by 12.6% during the first quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company's stock worth $67,676,000 after purchasing an additional 147,882 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Power Integrations by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,057,155 shares of the semiconductor company's stock worth $54,114,000 after purchasing an additional 71,928 shares during the period.

Power Integrations Company Profile

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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