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

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $74.67.

Several analysts have commented on the stock. Benchmark reiterated a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, February 7th. Wall Street Zen upgraded Power Integrations from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus boosted their target price on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th.

Insider Activity

In other 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 transaction of $55,368.32. Following the transaction, the vice president now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total transaction of $488,557.36. Following the completion of the sale, the chief executive officer now directly owns 590,580 shares in the company, valued at $30,231,790.20. This trade represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,561 shares of company stock worth $642,092. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently modified their holdings of POWI. Allworth Financial LP grew its position in Power Integrations by 257.8% in the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 428 shares during the last quarter. Bayforest Capital Ltd boosted its stake in shares of Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 222 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Power Integrations by 576.3% in the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 536 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after buying an additional 282 shares during the period. Finally, UMB Bank n.a. increased its stake in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after buying an additional 192 shares during the period.

Power Integrations Stock Performance

Shares of NASDAQ POWI traded down $1.24 during midday trading on Friday, reaching $49.94. The stock had a trading volume of 372,171 shares, compared to its average volume of 465,006. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 87.62, a price-to-earnings-growth ratio of 4.08 and a beta of 1.31. Power Integrations has a 12-month low of $40.78 and a 12-month high of $79.13. The stock has a 50-day moving average of $49.76 and a 200-day moving average of $57.63.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The business had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. During the same quarter in the prior year, the business posted $0.18 EPS. Power Integrations's revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, analysts forecast that Power Integrations will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.68%. Power Integrations's dividend payout ratio (DPR) is presently 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.