Power Integrations' (POWI) "Sell (D+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (d+)" rating on Power Integrations (NASDAQ:POWI), while other analysts have differing opinions, with Benchmark setting a price target of $55.00.
• Power Integrations reported a 9.1% year-over-year increase in quarterly revenue, totaling $115.85 million, alongside a slight earnings per share beat.
• Insider trading activity has seen significant sales from company executives, with total insider sales amounting to approximately $1.7 million over the past 90 days.

Power Integrations (NASDAQ:POWI - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

POWI has been the subject of several other research reports. Benchmark reaffirmed a "buy" rating and set a $55.00 target price on shares of Power Integrations in a report on Tuesday, September 23rd. Wall Street Zen downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Susquehanna reduced their target price on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.67.

Power Integrations Price Performance

Shares of POWI opened at $38.43 on Wednesday. The firm has a 50-day moving average of $44.17 and a 200-day moving average of $49.45. Power Integrations has a one year low of $37.54 and a one year high of $69.53. The company has a market cap of $2.16 billion, a PE ratio of 66.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.37.

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

Insider Activity at Power Integrations

In other news, VP Doug Bailey sold 16,989 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $46.41, for a total value of $788,459.49. Following the completion of the transaction, the vice president directly owned 50,798 shares in the company, valued at approximately $2,357,535.18. The trade was a 25.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the completion of the transaction, the vice president owned 18,812 shares of the company's stock, valued at $866,292.60. The trade was a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,470 shares of company stock valued at $1,697,214 over the last 90 days. Corporate insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Power Integrations

Institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its position in Power Integrations by 475.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 478 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 395 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Power Integrations by 125.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 326 shares in the last quarter. Allworth Financial LP increased its position in Power Integrations by 257.8% during the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 428 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Power Integrations by 364.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 622 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 488 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 536 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.

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