Power Integrations, Inc. (NASDAQ:POWI)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a report issued on Wednesday.
A number of other equities research analysts have also weighed in on POWI. BidaskClub lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Saturday, June 24th. Drexel Hamilton set a $84.00 price objective on shares of Power Integrations and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Deutsche Bank AG downgraded shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.50.
Shares of Power Integrations (POWI) traded down 4.06% during trading on Wednesday, reaching $70.90. The company’s stock had a trading volume of 439,959 shares. The firm’s 50-day moving average price is $71.52 and its 200-day moving average price is $68.43. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 39.41 and a beta of 1.23. Power Integrations has a one year low of $57.29 and a one year high of $82.80.
Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $107.56 million during the quarter, compared to analyst estimates of $107.85 million. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, equities analysts anticipate that Power Integrations will post $2.77 earnings per share for the current year.
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In other news, VP David Mh Matthews sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total transaction of $71,220.00. Following the completion of the sale, the vice president now owns 43,405 shares of the company’s stock, valued at approximately $3,091,304.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Raja Petrakian sold 2,272 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $68.89, for a total transaction of $156,518.08. Following the sale, the vice president now directly owns 30,815 shares of the company’s stock, valued at approximately $2,122,845.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,593 shares of company stock valued at $10,278,057. Insiders own 4.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of POWI. Huntington National Bank boosted its holdings in Power Integrations by 22.8% in the 2nd quarter. Huntington National Bank now owns 1,504 shares of the semiconductor company’s stock worth $110,000 after buying an additional 279 shares during the period. Advisor Group Inc. boosted its holdings in Power Integrations by 14.5% in the 2nd quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock worth $132,000 after buying an additional 231 shares during the period. Victory Capital Management Inc. boosted its holdings in Power Integrations by 22.7% in the 1st quarter. Victory Capital Management Inc. now owns 2,210 shares of the semiconductor company’s stock worth $145,000 after buying an additional 409 shares during the period. Ameritas Investment Partners Inc. bought a new position in Power Integrations in the 1st quarter worth $156,000. Finally, Riverhead Capital Management LLC boosted its holdings in Power Integrations by 71.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock worth $175,000 after buying an additional 997 shares during the period. 95.75% of the stock is owned by institutional investors.
About Power Integrations
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.
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