Power Integrations, Inc. (NASDAQ:POWI) Receives $87.40 Average Price Target from Analysts

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $87.40.

POWI has been the topic of a number of research analyst reports. Northland Securities raised shares of Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 target price on the stock in a report on Monday, February 26th. Benchmark raised their target price on shares of Power Integrations from $80.00 to $90.00 and gave the company a "buy" rating in a report on Friday, February 9th. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Finally, TD Cowen lifted their target price on shares of Power Integrations from $65.00 to $80.00 and gave the stock a "market perform" rating in a research report on Friday, February 9th.

Insiders Place Their Bets

In related news, VP Yang Chiah Yee sold 996 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.06, for a total transaction of $79,739.76. Following the transaction, the vice president now directly owns 32,625 shares of the company's stock, valued at $2,611,957.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Yang Chiah Yee sold 996 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $80.06, for a total transaction of $79,739.76. Following the completion of the transaction, the vice president now owns 32,625 shares of the company's stock, valued at $2,611,957.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 5,232 shares of Power Integrations stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $81.02, for a total transaction of $423,896.64. Following the sale, the chief executive officer now owns 508,461 shares of the company's stock, valued at $41,195,510.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,411 shares of company stock worth $4,203,262. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Power Integrations

A number of hedge funds have recently bought and sold shares of POWI. Kodai Capital Management LP purchased a new stake in Power Integrations in the 4th quarter worth approximately $39,467,000. Norges Bank bought a new stake in Power Integrations in the fourth quarter worth $37,424,000. Capital International Investors lifted its position in Power Integrations by 46.2% in the fourth quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company's stock worth $101,501,000 after buying an additional 390,373 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Power Integrations by 2,011.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company's stock worth $21,427,000 after purchasing an additional 248,591 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Power Integrations by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company's stock worth $195,073,000 after purchasing an additional 154,032 shares during the last quarter.

Power Integrations Stock Performance

NASDAQ POWI traded up $1.07 on Monday, reaching $69.67. The company had a trading volume of 312,173 shares, compared to its average volume of 397,372. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 70.72 and a beta of 1.20. Power Integrations has a 1-year low of $62.13 and a 1-year high of $99.60. The company's fifty day moving average is $69.50 and its 200-day moving average is $74.26.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. The firm had revenue of $89.51 million during the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. On average, research analysts forecast that Power Integrations will post 0.65 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, February 28th. Power Integrations's dividend payout ratio (DPR) is presently 82.47%.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.