Recent Investment Analysts’ Ratings Changes for Power Integrations (POWI)

Several analysts have recently updated their ratings and price targets for Power Integrations (NASDAQ: POWI):

• 8/8/2017 – Power Integrations was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
• 8/2/2017 – Power Integrations was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
• 7/30/2017 – Power Integrations had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $85.00 price target on the stock, up previously from $82.00.
• 7/28/2017 – Power Integrations was given a new $84.00 price target on by analysts at Drexel Hamilton. They now have a “buy” rating on the stock.
• 7/25/2017 – Power Integrations was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $75.00 price target on the stock.
• 7/16/2017 – Power Integrations was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
• 6/30/2017 – Power Integrations had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $82.00 price target on the stock, up previously from $75.00.
• 6/29/2017 – Power Integrations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Power Integrations, Inc. designs, develops, manufactures and markets proprietary, high-voltage, analog integrated circuits for use primarily in alternating current to direct current power conversion. The company has targeted high-volume power supply markets including: the cellular telephone market, the personal computer market, the cable and direct broadcast satellite decoder box market, and various other consumer and industrial electronics markets. “
• 6/24/2017 – Power Integrations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “Power Integrations, Inc. designs, develops, manufactures and markets proprietary, high-voltage, analog integrated circuits for use primarily in alternating current to direct current power conversion. The company has targeted high-volume power supply markets including: the cellular telephone market, the personal computer market, the cable and direct broadcast satellite decoder box market, and various other consumer and industrial electronics markets. “
• 6/23/2017 – Power Integrations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Power Integrations, Inc. designs, develops, manufactures and markets proprietary, high-voltage, analog integrated circuits for use primarily in alternating current to direct current power conversion. The company has targeted high-volume power supply markets including: the cellular telephone market, the personal computer market, the cable and direct broadcast satellite decoder box market, and various other consumer and industrial electronics markets. “
• 6/16/2017 – Power Integrations was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
• 6/14/2017 – Power Integrations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $76.00 price target on the stock. According to Zacks, “Power Integrations, Inc. designs, develops, manufactures and markets proprietary, high-voltage, analog integrated circuits for use primarily in alternating current to direct current power conversion. The company has targeted high-volume power supply markets including: the cellular telephone market, the personal computer market, the cable and direct broadcast satellite decoder box market, and various other consumer and industrial electronics markets. “

Shares of Power Integrations, Inc. (NASDAQ POWI) traded down 1.20% during mid-day trading on Wednesday, hitting $70.00. 60,189 shares of the stock traded hands. The stock has a market cap of $2.08 billion, a PE ratio of 38.91 and a beta of 1.23. The stock has a 50-day moving average of $73.26 and a 200 day moving average of $67.84. Power Integrations, Inc. has a one year low of $55.45 and a one year high of $82.80.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The business had revenue of $107.56 million during the quarter, compared to the consensus estimate of $107.85 million. During the same quarter last year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that Power Integrations, Inc. will post $2.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, August 29th. Power Integrations’s payout ratio is currently 29.95%.

In other Power Integrations news, insider Balu Balakrishnan sold 65,000 shares of Power Integrations stock in a transaction on Friday, July 14th. The shares were sold at an average price of $78.06, for a total value of $5,073,900.00. Following the completion of the transaction, the insider now owns 319,576 shares of the company’s stock, valued at $24,946,102.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nicholas Brathwaite sold 6,000 shares of Power Integrations stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $74.33, for a total transaction of $445,980.00. Following the completion of the transaction, the director now directly owns 24,710 shares of the company’s stock, valued at approximately $1,836,694.30. The disclosure for this sale can be found here. Insiders have sold 131,981 shares of company stock valued at $10,093,383 in the last three months. Corporate insiders own 4.30% of the company’s stock.

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.