Weiss Ratings Reiterates "Sell (D+)" Rating for Power Integrations (NASDAQ:POWI)

Key Points

• Weiss Ratings has reiterated a "Sell (D+)" rating for Power Integrations (NASDAQ:POWI), indicating a lack of confidence in the stock's performance.
• Power Integrations recently experienced a drop in price target from analysts, with Susquehanna reducing it from $70.00 to $55.00, while also receiving varying ratings from other firms.
• Insider trading activity has been noted, with VP Doug Bailey selling nearly 17,000 shares, resulting in a significant decrease of approximately 25% in his position.

Power Integrations (NASDAQ:POWI - Get Free Report)'s stock had its "sell (d+)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

A number of other research analysts also recently commented on POWI. Susquehanna dropped their price objective on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research note on Thursday, August 7th. Benchmark reaffirmed a "buy" rating and set a $55.00 price objective on shares of Power Integrations in a research note on Tuesday, September 23rd. Finally, Wall Street Zen downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Power Integrations presently has an average rating of "Moderate Buy" and a consensus price target of $61.67.

Power Integrations Trading Down 1.6%

Shares of POWI stock opened at $43.01 on Friday. The firm has a 50-day moving average price of $43.41 and a 200 day moving average price of $48.97. Power Integrations has a twelve month low of $34.55 and a twelve month high of $69.53. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 74.16, a PEG ratio of 2.81 and a beta of 1.37.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted 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 in the prior year, the company posted $0.28 EPS. The company's quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research analysts predict that Power Integrations will post 0.93 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bayforest Capital Ltd purchased a new position in Power Integrations in the 3rd quarter worth approximately $154,000. State of Alaska Department of Revenue boosted its holdings in Power Integrations by 39.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 8,875 shares of the semiconductor company's stock worth $356,000 after acquiring an additional 2,533 shares during the period. Tributary Capital Management LLC boosted its holdings in Power Integrations by 91.0% in the 3rd quarter. Tributary Capital Management LLC now owns 605,412 shares of the semiconductor company's stock worth $24,344,000 after acquiring an additional 288,493 shares during the period. SG Americas Securities LLC boosted its holdings in Power Integrations by 375.8% in the 3rd quarter. SG Americas Securities LLC now owns 21,255 shares of the semiconductor company's stock worth $855,000 after acquiring an additional 16,788 shares during the period. Finally, Diversified Trust Co purchased a new position in Power Integrations in the 3rd quarter worth approximately $236,000.

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.

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