Susquehanna Issues Pessimistic Forecast for Power Integrations (NASDAQ:POWI) Stock Price

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 - Get Free Report) had its target price lowered by analysts at Susquehanna from $70.00 to $55.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "positive" rating on the semiconductor company's stock. Susquehanna's price target would suggest a potential upside of 15.81% from the company's previous close.

A number of other research firms have also commented on POWI. Benchmark reaffirmed 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 price target on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Power Integrations has an average rating of "Moderate Buy" and an average target price of $69.67.

Power Integrations Price Performance

NASDAQ POWI opened at $47.49 on Thursday. The firm has a market cap of $2.67 billion, a P/E ratio of 73.06, a P/E/G ratio of 1.98 and a beta of 1.31. The stock's 50-day moving average is $54.31 and its 200-day moving average is $54.59. Power Integrations has a one year low of $40.78 and a one year high of $69.53.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $115.85 million for the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. Power Integrations's revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. Equities analysts anticipate that Power Integrations will post 0.93 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas bought a new position in Power Integrations in the first quarter valued at approximately $1,452,000. SG Americas Securities LLC bought a new position in Power Integrations in the first quarter valued at approximately $344,000. GAMMA Investing LLC grew its stake in Power Integrations by 243.2% in the first quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company's stock valued at $102,000 after purchasing an additional 1,425 shares in the last quarter. New York State Common Retirement Fund grew its stake in Power Integrations by 18.3% in the first quarter. New York State Common Retirement Fund now owns 157,468 shares of the semiconductor company's stock valued at $7,952,000 after purchasing an additional 24,309 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Power Integrations by 18.5% in the fourth quarter. Bank of America Corp DE now owns 401,125 shares of the semiconductor company's stock valued at $24,749,000 after purchasing an additional 62,750 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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