Power Integrations (NASDAQ:POWI) Price Target Lowered to $70.00 at Stifel Nicolaus

Power Integrations (NASDAQ:POWI - Get Free Report) had its target price reduced by investment analysts at Stifel Nicolaus from $90.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target indicates a potential upside of 53.12% from the company's current price.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Benchmark reissued a "buy" rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $73.83.

Power Integrations Price Performance

Shares of POWI traded down $0.55 during mid-day trading on Thursday, hitting $45.72. The company's stock had a trading volume of 144,441 shares, compared to its average volume of 453,864. The firm has a 50-day moving average price of $54.39 and a 200 day moving average price of $59.86. Power Integrations has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 80.19, a PEG ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, equities analysts anticipate that Power Integrations will post 0.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the sale, the chief executive officer now directly owns 600,002 shares of the company's stock, valued at $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Clifford Walker sold 2,472 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total value of $150,174.00. Following the transaction, the vice president now directly owns 142,145 shares in the company, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,105 shares of company stock worth $3,075,198 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Power Integrations

Large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Power Integrations by 110.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc boosted its stake in Power Integrations by 1,618.2% in the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 534 shares during the last quarter. UMB Bank n.a. grew its holdings in Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 192 shares during the period. Quadrant Capital Group LLC raised its position in shares of Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 385 shares during the last quarter. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Power Integrations in the 1st quarter valued at $42,000.

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.