Power Integrations (NASDAQ:POWI) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Power Integrations to “Buy” from “Hold,” although the broader analyst consensus remains “Hold,” with a $72.67 average price target.
• Power Integrations beat quarterly expectations, reporting $0.37 EPS versus the $0.32 consensus and $118.94 million in revenue, up 2.6% year over year.
• Insiders sold 334,772 shares worth approximately $27.3 million over the past three months, while several major institutional investors—including BlackRock—expanded their positions.

Power Integrations (NASDAQ:POWI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other analysts have also issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Power Integrations from $95.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Power Integrations in a research report on Friday, May 8th. Williams Trading set a $80.00 price target on shares of Power Integrations in a research note on Thursday. Weiss Ratings reiterated a "sell (d+)" rating on shares of Power Integrations in a report on Wednesday. Finally, Zacks Research lowered Power Integrations from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $72.67.

Power Integrations Price Performance

Power Integrations stock opened at $64.59 on Friday. The stock has a market capitalization of $3.60 billion, a PE ratio of 143.54 and a beta of 1.58. Power Integrations has a 12 month low of $30.86 and a 12 month high of $91.18. The business has a 50 day simple moving average of $73.61 and a 200-day simple moving average of $62.02.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The firm had revenue of $118.94 million for the quarter, compared to analyst estimates of $117.44 million. During the same quarter last year, the firm posted $0.35 EPS. The business's revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Power Integrations will post 0.76 EPS for the current fiscal year.

Insider Transactions at Power Integrations

In related news, Director Nicholas Brathwaite sold 6,895 shares of the business's stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $72.41, for a total transaction of $499,266.95. Following the transaction, the director directly owned 30,609 shares in the company, valued at approximately $2,216,397.69. The trade was a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sunil Gupta sold 15,894 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $82.18, for a total transaction of $1,306,168.92. Following the sale, the vice president directly owned 71,239 shares of the company's stock, valued at approximately $5,854,421.02. This represents a 18.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 334,772 shares of company stock valued at $27,322,535. Corporate insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Power Integrations

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Power Integrations in the 2nd quarter worth $730,559,000. Snyder Capital Management L P raised its holdings in shares of Power Integrations by 148.8% during the 4th quarter. Snyder Capital Management L P now owns 2,064,707 shares of the semiconductor company's stock worth $73,380,000 after acquiring an additional 1,234,981 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Power Integrations by 1,885.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 943,365 shares of the semiconductor company's stock valued at $33,528,000 after acquiring an additional 895,857 shares during the last quarter. M&T Bank Corp boosted its position in shares of Power Integrations by 3,635.7% during the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company's stock valued at $26,604,000 after acquiring an additional 728,517 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Power Integrations by 35.7% in the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company's stock valued at $90,926,000 after purchasing an additional 595,404 shares during the period.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company's products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm's product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

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