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

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

Several analysts have recently weighed in on POWI shares. Wall Street Zen upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday. Stifel Nicolaus boosted their price objective 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 Up 2.8%

Shares of Power Integrations stock opened at $56.69 on Tuesday. Power Integrations has a 52-week low of $40.78 and a 52-week high of $79.13. The company has a 50 day moving average of $51.04 and a 200 day moving average of $56.72. The company has a market capitalization of $3.19 billion, a P/E ratio of 99.46, a P/E/G ratio of 4.08 and a beta of 1.29.

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 net margin of 7.69% and a return on equity of 4.48%. The company had revenue of $105.53 million during the quarter, compared to the consensus estimate of $105.44 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm's quarterly revenue was up 15.1% on a year-over-year basis. As a group, research analysts anticipate that Power Integrations will post 0.93 earnings per share 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 1.48%. Power Integrations's payout ratio is 129.23%.

Insider Activity

In other news, CEO Balu Balakrishnan sold 9,544 shares of Power Integrations stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $51.19, for a total value of $488,557.36. Following the transaction, the chief executive officer now directly owns 590,580 shares of the company's stock, valued at $30,231,790.20. The trade was a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sandeep Nayyar sold 1,929 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $98,166.81. Following the completion of the transaction, the chief financial officer now directly owns 107,357 shares in the company, valued at $5,463,397.73. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,561 shares of company stock valued at $642,092 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Power Integrations

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Power Integrations by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock valued at $444,909,000 after buying an additional 114,047 shares during the period. Wellington Management Group LLP increased its stake in Power Integrations by 4.5% in the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company's stock valued at $150,879,000 after buying an additional 105,034 shares during the period. JPMorgan Chase & Co. increased its stake in Power Integrations by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock valued at $118,492,000 after buying an additional 178,896 shares during the period. Geode Capital Management LLC increased its stake in Power Integrations by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company's stock valued at $99,000,000 after buying an additional 28,793 shares during the period. Finally, Capital International Investors increased its stake in Power Integrations by 5.8% in the 4th quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company's stock valued at $92,743,000 after buying an additional 82,681 shares during the period.

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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