Power Integrations (NASDAQ:POWI) Upgraded by Wall Street Zen to Buy Rating

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

Separately, Stifel Nicolaus increased their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $74.67.

Power Integrations Price Performance

NASDAQ POWI traded down $2.24 on Friday, hitting $54.45. 552,982 shares of the stock were exchanged, compared to its average volume of 481,360. The business's fifty day moving average is $51.16 and its 200 day moving average is $56.70. Power Integrations has a 52 week low of $40.78 and a 52 week high of $79.13. The company has a market capitalization of $3.06 billion, a PE ratio of 83.77, a P/E/G ratio of 2.32 and a beta of 1.29.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $105.53 million for the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. Analysts predict that Power Integrations will post 0.93 EPS 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 $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.54%. Power Integrations's dividend payout ratio (DPR) is presently 129.23%.

Insider Activity at Power Integrations

In related news, CFO Sandeep Nayyar sold 1,929 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the transaction, the chief financial officer now directly owns 107,357 shares in the company, valued at approximately $5,463,397.73. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Clifford Walker sold 1,088 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $55,368.32. Following the completion of the transaction, the vice president now owns 141,765 shares in the company, valued at $7,214,420.85. This trade represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,561 shares of company stock worth $642,092. Corporate insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Power Integrations

A number of large investors have recently bought and sold shares of POWI. Invesco Ltd. grew its stake in Power Integrations by 1,345.8% during the first quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company's stock worth $66,367,000 after buying an additional 1,223,310 shares in the last quarter. American Century Companies Inc. acquired a new stake in Power Integrations during the first quarter worth about $36,919,000. Norges Bank acquired a new stake in Power Integrations during the fourth quarter worth about $19,663,000. ASR Vermogensbeheer N.V. acquired a new stake in Power Integrations during the first quarter worth about $14,215,000. Finally, Foresight Group Ltd Liability Partnership acquired a new stake in Power Integrations during the first quarter worth about $11,271,000.

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.