Wall Street Zen Downgrades Power Integrations (NASDAQ:POWI) to Hold

Wall Street Zen lowered shares of Power Integrations (NASDAQ:POWI - Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Benchmark reaffirmed a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $74.67.

Power Integrations Trading Up 7.1%

Shares of POWI traded up $3.63 during trading hours on Friday, hitting $54.55. The company had a trading volume of 1,023,724 shares, compared to its average volume of 474,717. The company has a market capitalization of $3.07 billion, a PE ratio of 95.70, a price-to-earnings-growth ratio of 4.08 and a beta of 1.31. Power Integrations has a one year low of $40.78 and a one year high of $79.13. The company's fifty day moving average price is $49.41 and its two-hundred day moving average price is $57.22.

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 the consensus estimate of $0.28 by $0.03. The company had revenue of $105.53 million for the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Analysts forecast that Power Integrations will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, May 30th. Power Integrations's dividend payout ratio is presently 129.23%.

Insiders Place Their Bets

In other news, 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 sale, the chief financial officer now directly owns 107,357 shares of the company's stock, valued at $5,463,397.73. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Clifford Walker sold 1,088 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the transaction, the vice president now owns 141,765 shares of the company's stock, valued at $7,214,420.85. This trade represents a 0.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,561 shares of company stock valued at $642,092. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Power Integrations

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP increased its holdings in Power Integrations by 257.8% in the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock worth $30,000 after buying an additional 428 shares during the period. Bayforest Capital Ltd lifted its stake in Power Integrations by 54.3% during the 1st quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 222 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 536 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Power Integrations by 110.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 282 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Power Integrations by 841.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 698 shares during the last quarter.

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.