Analysts Set Power Integrations, Inc. (NASDAQ:POWI) Price Target at $74.67

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $74.67.

POWI has been the topic of several research reports. Stifel Nicolaus raised their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th.

Institutional Trading of Power Integrations

A number of hedge funds and other institutional investors have recently made changes to their positions in POWI. Charles Schwab Investment Management Inc. boosted its holdings in Power Integrations by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock worth $40,412,000 after buying an additional 33,741 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Power Integrations by 36.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,185 shares of the semiconductor company's stock valued at $1,060,000 after purchasing an additional 4,596 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Power Integrations in the fourth quarter worth about $2,120,000. Raymond James Financial Inc. purchased a new position in shares of Power Integrations in the fourth quarter worth about $7,470,000. Finally, AlphaQuest LLC increased its position in Power Integrations by 155.6% during the fourth quarter. AlphaQuest LLC now owns 3,486 shares of the semiconductor company's stock worth $215,000 after purchasing an additional 2,122 shares during the last quarter.

Power Integrations Price Performance

NASDAQ POWI traded down $2.07 during trading on Friday, hitting $54.60. 238,328 shares of the company's stock traded hands, compared to its average volume of 479,265. The stock has a fifty day moving average of $54.50 and a two-hundred day moving average of $55.73. The firm has a market cap of $3.07 billion, a P/E ratio of 84.27, a PEG ratio of 2.38 and a beta of 1.31. Power Integrations has a 12-month low of $40.78 and a 12-month high of $79.13.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The business had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. During the same period last year, the business posted $0.18 earnings per share. Power Integrations's quarterly revenue was up 15.1% compared to the same quarter last year. As a group, analysts expect that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.54%. Power Integrations's payout ratio is 129.23%.

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.