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

Shares of Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $74.67.

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

Power Integrations Stock Down 1.1%

NASDAQ:POWI opened at $58.04 on Friday. The company's 50 day moving average price is $54.50 and its 200-day moving average price is $55.83. Power Integrations has a 52 week low of $40.78 and a 52 week high of $79.13. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 89.29, a PEG ratio of 2.41 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. The firm had revenue of $105.53 million for the quarter, compared to analysts' expectations of $105.44 million. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Power Integrations will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, May 30th. Power Integrations's payout ratio is presently 129.23%.

Hedge Funds Weigh In On Power Integrations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Power Integrations during the first quarter valued at approximately $344,000. GAMMA Investing LLC lifted its stake in shares of Power Integrations by 243.2% in the 1st quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company's stock valued at $102,000 after purchasing an additional 1,425 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Power Integrations by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock valued at $40,412,000 after purchasing an additional 33,741 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Power Integrations by 18.5% in the 4th quarter. Bank of America Corp DE now owns 401,125 shares of the semiconductor company's stock valued at $24,749,000 after purchasing an additional 62,750 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Power Integrations by 31.9% in the 1st quarter. Fifth Third Bancorp now owns 2,186 shares of the semiconductor company's stock valued at $110,000 after purchasing an additional 529 shares during the last quarter.

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.

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