Power Integrations, Inc. (NASDAQ:POWI) Receives $73.33 Consensus Price Target from 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.

Shares of Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) have received an average recommendation of "Buy" from the five research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $70.00.

Several brokerages have issued reports on POWI. Benchmark reiterated a "buy" rating and set a $70.00 target price on shares of Power Integrations in a research report on Wednesday, July 16th. Stifel Nicolaus upped their price objective on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Susquehanna lowered their price target on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research note on Thursday. Finally, Wall Street Zen upgraded Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday, June 14th.

Power Integrations Stock Down 9.2%

POWI stock traded down $4.36 during trading on Wednesday, reaching $43.13. The stock had a trading volume of 1,660,732 shares, compared to its average volume of 546,468. The company's 50 day moving average is $54.31 and its two-hundred day moving average is $54.59. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 66.35, a P/E/G ratio of 1.98 and a beta of 1.31. Power Integrations has a one year low of $39.53 and a one year high of $69.53.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $115.02 million. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The company's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. As a group, research analysts predict that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, May 30th. Power Integrations's dividend payout ratio is 129.23%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. raised its stake in shares of Power Integrations by 475.9% in the second quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company's stock worth $27,000 after buying an additional 395 shares during the period. Allworth Financial LP increased its position in Power Integrations by 257.8% during the first 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 lifted its holdings in shares of Power Integrations by 54.3% in the 1st quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 222 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in 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. Finally, Parkside Financial Bank & Trust boosted its position in shares of Power Integrations by 125.9% during the second quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company's stock valued at $33,000 after buying an additional 326 shares during the period.

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.