Power Integrations, Inc. (NASDAQ:POWI) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $73.83.

Several brokerages recently issued reports on POWI. StockNews.com downgraded Power Integrations from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Benchmark reiterated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research note on Friday, February 7th. Finally, Stifel Nicolaus lowered their price target on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, April 17th.

Insider Buying and Selling at Power Integrations

In other news, VP Radu Barsan sold 10,393 shares of Power Integrations stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the transaction, the vice president now directly owns 45,295 shares in the company, valued at approximately $2,993,093.60. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Clifford Walker sold 1,088 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the sale, the vice president now owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,105 shares of company stock valued at $3,075,198. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Power Integrations

Hedge funds have recently made changes to their positions in the business. Barclays PLC grew its position in Power Integrations by 173.4% in the third quarter. Barclays PLC now owns 180,754 shares of the semiconductor company's stock worth $11,591,000 after buying an additional 114,644 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Power Integrations by 22.8% during the 3rd quarter. Tidal Investments LLC now owns 12,562 shares of the semiconductor company's stock worth $805,000 after acquiring an additional 2,331 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 534 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Power Integrations by 8.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,650 shares of the semiconductor company's stock worth $362,000 after purchasing an additional 433 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in shares of Power Integrations during the fourth quarter valued at $227,000.

Power Integrations Stock Up 3.7 %

POWI stock traded up $1.83 during trading on Monday, hitting $51.09. 49,121 shares of the company's stock traded hands, compared to its average volume of 454,867. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 89.33, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. Power Integrations has a 52 week low of $40.78 and a 52 week high of $79.13. The stock has a fifty day moving average price of $52.21 and a two-hundred day moving average price of $59.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.48%. As a group, equities research analysts expect that Power Integrations will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, February 28th. Power Integrations's payout ratio is currently 147.37%.

Power Integrations Company Profile

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.