Power Integrations, Inc. (NASDAQ:POWI) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Power Integrations, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month target price of $73.33.
• The company reported a 0.31 EPS for the last quarter, surpassing expectations and showing a 15.1% year-over-year revenue increase.
• Recently, several large investors significantly increased their positions in Power Integrations, indicating growing institutional interest in the company.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has earned an average recommendation of "Buy" from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $70.00.

A number of brokerages recently commented on POWI. Susquehanna reduced their price objective on Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a research report on Thursday. Wall Street Zen cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday. Stifel Nicolaus upped their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Benchmark reaffirmed a "buy" rating and set a $70.00 target price on shares of Power Integrations in a research note on Wednesday, July 16th.

Power Integrations Stock Up 2.4%

Shares of NASDAQ POWI traded up $1.05 during trading on Wednesday, hitting $44.18. The company had a trading volume of 859,547 shares, compared to its average volume of 564,928. The stock has a fifty day simple moving average of $54.04 and a two-hundred day simple moving average of $54.32. Power Integrations has a fifty-two week low of $39.53 and a fifty-two week high of $69.53. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 76.17, a price-to-earnings-growth ratio of 1.77 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $115.85 million for the quarter, compared to the consensus estimate of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, analysts anticipate that Power Integrations will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 29th. Power Integrations's payout ratio is 129.23%.

Hedge Funds Weigh In On Power Integrations

Several large investors have recently made changes to their positions in POWI. LPL Financial LLC lifted its stake in Power Integrations by 14.8% during the fourth quarter. LPL Financial LLC now owns 18,707 shares of the semiconductor company's stock worth $1,154,000 after purchasing an additional 2,407 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Power Integrations by 28.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,754 shares of the semiconductor company's stock valued at $540,000 after buying an additional 1,921 shares during the period. California Public Employees Retirement System lifted its stake in Power Integrations by 6.0% during the 4th quarter. California Public Employees Retirement System now owns 101,398 shares of the semiconductor company's stock worth $6,256,000 after acquiring an additional 5,716 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Power Integrations by 1.8% during 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 acquiring an additional 28,793 shares during the period. Finally, Trexquant Investment LP grew its position in Power Integrations by 227.2% in the 4th quarter. Trexquant Investment LP now owns 25,895 shares of the semiconductor company's stock valued at $1,598,000 after acquiring an additional 17,981 shares in 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.