Power Integrations, Inc. (NASDAQ:POWI) Receives $73.83 Consensus Target Price from Brokerages

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $73.83.

A number of equities analysts have weighed in on the company. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their price target on Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Benchmark reissued a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 1,088 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the transaction, the vice president now directly owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Nayyar sold 5,152 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $312,984.00. Following the sale, the chief financial officer now owns 110,394 shares of the company's stock, valued at $6,706,435.50. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,105 shares of company stock worth $3,075,198. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Power Integrations by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock valued at $444,909,000 after buying an additional 114,047 shares during the last quarter. Wellington Management Group LLP increased its stake in Power Integrations by 4.5% in the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company's stock worth $150,879,000 after purchasing an additional 105,034 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock valued at $118,492,000 after acquiring an additional 178,896 shares during the last quarter. Geode Capital Management LLC increased its holdings in Power Integrations by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company's stock valued at $99,000,000 after purchasing an additional 28,793 shares during the period. Finally, Capital International Investors raised its holdings in shares of Power Integrations by 5.8% during the fourth quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company's stock valued at $92,743,000 after acquiring an additional 82,681 shares in the last quarter.

Power Integrations Stock Performance

NASDAQ:POWI traded up $0.47 during trading hours on Monday, hitting $49.59. The stock had a trading volume of 473,694 shares, compared to its average volume of 454,987. Power Integrations has a one year low of $40.78 and a one year high of $79.13. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 86.85, a P/E/G ratio of 4.08 and a beta of 1.32. The business's 50 day moving average is $52.52 and its 200-day moving average is $59.24.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. On average, sell-side analysts anticipate that Power Integrations will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.69%. Power Integrations's dividend payout ratio is currently 147.37%.

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.