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Power Integrations (NASDAQ:POWI) Stock Rating Lowered by Wall Street Zen

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Key Points

  • Power Integrations (NASDAQ:POWI) has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, indicating a shift in investor sentiment.
  • Despite the downgrade, other research firms such as Benchmark and Stifel Nicolaus have maintained "buy" ratings with price targets of $70.00 and $75.00, respectively.
  • The company's recent earnings report showed a quarterly EPS of $0.35, marginally exceeding expectations, with a year-over-year revenue increase of 9.1% to $115.85 million.
  • Looking to export and analyze Power Integrations data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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

A number of other brokerages have also issued reports on POWI. Stifel Nicolaus lifted their target price on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Susquehanna cut their target price on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research report on Thursday, August 7th. Finally, Benchmark restated a "buy" rating and set a $70.00 price target on shares of Power Integrations in a report on Wednesday, July 16th.

Read Our Latest Research Report on Power Integrations

Power Integrations Price Performance

Shares of NASDAQ POWI traded up $1.68 during mid-day trading on Friday, hitting $47.90. The company had a trading volume of 163,812 shares, compared to its average volume of 551,283. The business's 50-day simple moving average is $53.83 and its 200 day simple moving average is $54.02. The company has a market capitalization of $2.69 billion, a PE ratio of 82.64, a price-to-earnings-growth ratio of 2.09 and a beta of 1.31. Power Integrations has a 1-year low of $39.53 and a 1-year high of $69.53.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $115.85 million during the quarter, compared to the consensus estimate of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. On average, analysts expect that Power Integrations will post 0.93 EPS for the current year.

Institutional Trading of Power Integrations

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new stake in Power Integrations in the 1st quarter worth $1,452,000. SG Americas Securities LLC acquired a new stake in shares of Power Integrations during the 1st quarter valued at about $344,000. GAMMA Investing LLC boosted its position in shares of Power Integrations by 243.2% during the 1st quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company's stock valued at $102,000 after acquiring an additional 1,425 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Power Integrations by 18.3% during the 1st quarter. New York State Common Retirement Fund now owns 157,468 shares of the semiconductor company's stock valued at $7,952,000 after acquiring an additional 24,309 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Power Integrations during the 1st quarter valued at about $1,723,000.

About Power Integrations

(Get Free Report)

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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