Power Integrations, Inc. (NASDAQ:POWI) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Power Integrations has a consensus “Hold” rating among eight analysts: four recommend buying, three recommend holding, and one recommends selling. The average 12-month price target is $72.67 versus a recent share price of $62.10.
• The company exceeded quarterly expectations, reporting adjusted EPS of $0.37 versus a $0.32 consensus estimate and revenue of $118.94 million versus $117.44 million expected. Revenue increased 2.6% year over year.
• Insiders sold 327,877 shares worth approximately $26.8 million over the past three months, while several institutional investors—including Bank of America, which acquired about $32 million in shares—built new positions.

Shares of Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) have been given a consensus rating of "Hold" by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $72.6667.

A number of research analysts recently commented on POWI shares. Zacks Research downgraded Power Integrations from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Susquehanna increased their price objective on shares of Power Integrations from $70.00 to $85.00 and gave the stock a "positive" rating in a research note on Friday, May 8th. Stifel Nicolaus decreased their target price on shares of Power Integrations from $95.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Power Integrations in a report on Wednesday, August 5th.

Power Integrations Price Performance

Shares of NASDAQ:POWI opened at $62.10 on Tuesday. The business's 50 day simple moving average is $71.33 and its 200 day simple moving average is $62.91. Power Integrations has a 1 year low of $30.86 and a 1 year high of $91.18. The company has a market capitalization of $3.47 billion, a P/E ratio of 138.00 and a beta of 1.58.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $118.94 million during the quarter, compared to analysts' expectations of $117.44 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. On average, sell-side analysts anticipate that Power Integrations will post 0.77 EPS for the current fiscal year.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 15,894 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $82.18, for a total value of $1,306,168.92. Following the sale, the vice president owned 71,239 shares of the company's stock, valued at approximately $5,854,421.02. This trade represents a 18.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Balu Balakrishnan sold 124,287 shares of Power Integrations stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the completion of the transaction, the director owned 279,516 shares in the company, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 327,877 shares of company stock worth $26,823,268 over the last three months. Corporate insiders own 1.20% of the company's stock.

Institutional Trading of Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in Power Integrations in the second quarter valued at about $2,781,000. Capstone Investment Advisors LLC bought a new position in shares of Power Integrations in the second quarter worth about $202,000. Corient Private Wealth LP bought a new position in shares of Power Integrations in the second quarter worth about $1,074,000. Bank of America Corp DE acquired a new stake in shares of Power Integrations in the 2nd quarter valued at approximately $31,957,000. Finally, Odyssean LLC acquired a new stake in shares of Power Integrations in the 2nd quarter valued at approximately $635,000.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company's products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm's product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source