Power Integrations (NASDAQ:POWI) Given New $55.00 Price Target at Susquehanna

Key Points

• Susquehanna has reduced its target price for Power Integrations stock from $70.00 to $55.00, while maintaining a "positive" rating, suggesting a potential upside of 15.81% from the previous close.
• Various analysts have mixed ratings for the stock, with a majority holding a "buy" rating, and an average target price of $69.67, despite Susquehanna's pessimistic outlook.
• Power Integrations reported a quarterly earnings per share (EPS) of $0.35, exceeding analysts' expectations and marking a 9.1% year-over-year revenue increase.

Power Integrations (NASDAQ:POWI - Free Report) had its price objective trimmed by Susquehanna from $70.00 to $55.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a positive rating on the semiconductor company's stock.

A number of other equities analysts also recently issued reports on POWI. Benchmark reiterated a "buy" rating and set a $70.00 price target on shares of Power Integrations in a research report on Wednesday, July 16th. Stifel Nicolaus raised their target price on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen upgraded Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $66.25.

Power Integrations Stock Performance

POWI stock traded up $0.52 on Thursday, hitting $44.70. 442,341 shares of the company's stock were exchanged, compared to its average volume of 547,757. Power Integrations has a 12-month low of $39.53 and a 12-month high of $69.53. The firm has a 50 day moving average price of $54.04 and a two-hundred day moving average price of $54.20. The stock has a market cap of $2.51 billion, a P/E ratio of 77.45, a price-to-earnings-growth ratio of 2.10 and a beta of 1.31.

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

Power Integrations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 29th. Power Integrations's dividend payout ratio is presently 144.83%.

Institutional Trading of Power Integrations

Several large investors have recently added to or reduced their stakes in POWI. Invesco Ltd. increased its stake in shares of Power Integrations by 1,345.8% in the first quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company's stock valued at $66,367,000 after purchasing an additional 1,223,310 shares during the period. American Century Companies Inc. acquired a new stake in shares of Power Integrations during the 1st quarter valued at about $36,919,000. ASR Vermogensbeheer N.V. acquired a new position in Power Integrations in the first quarter valued at about $14,215,000. Foresight Group Ltd Liability Partnership bought a new stake in shares of Power Integrations during the first quarter worth approximately $11,271,000. Finally, Stephens Investment Management Group LLC increased its stake in Power Integrations by 30.5% in the first quarter. Stephens Investment Management Group LLC now owns 738,976 shares of the semiconductor company's stock valued at $37,318,000 after purchasing an additional 172,530 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.