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

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $74.67.

A number of research firms have commented on POWI. Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Stifel Nicolaus upped 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.

Insider Activity at Power Integrations

In other news, CFO Sandeep Nayyar sold 1,929 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $98,166.81. Following the completion of the sale, the chief financial officer now directly owns 107,357 shares of the company's stock, valued at $5,463,397.73. This represents a 1.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 9,544 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 owns 590,580 shares in the company, valued at $30,231,790.20. This represents a 1.59% 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 worth $642,092 over the last ninety days. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of POWI. Vanguard Group Inc. raised its holdings in Power Integrations by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock worth $444,909,000 after purchasing an additional 114,047 shares during the period. Wellington Management Group LLP increased its position in shares of 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 in the last quarter. JPMorgan Chase & Co. raised its stake in Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock worth $118,492,000 after buying an additional 178,896 shares during the period. Geode Capital Management LLC lifted its holdings in Power Integrations by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company's stock worth $99,000,000 after acquiring an additional 28,793 shares in the last quarter. Finally, Capital International Investors lifted its holdings in Power Integrations by 5.8% during the fourth quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company's stock worth $92,743,000 after acquiring an additional 82,681 shares in the last quarter.

Power Integrations Stock Down 0.9%

NASDAQ:POWI traded down $0.48 on Tuesday, reaching $53.57. The stock had a trading volume of 226,669 shares, compared to its average volume of 481,455. The company has a market capitalization of $3.02 billion, a P/E ratio of 82.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29. Power Integrations has a 1-year low of $40.78 and a 1-year high of $79.13. The stock has a fifty day moving average price of $51.47 and a 200-day moving average price of $56.59.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. The company had revenue of $105.53 million during 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%. Power Integrations's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Sell-side analysts predict that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, May 30th. Power Integrations's dividend payout ratio (DPR) is 129.23%.

About Power Integrations

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.