Power Integrations (POWI) Now Covered by Analysts at Susquehanna Bancshares

Susquehanna Bancshares initiated coverage on shares of Power Integrations (NASDAQ:POWI) in a research note issued to investors on Wednesday morning, Marketbeat reports. The firm issued a neutral rating and a $80.00 price target on the semiconductor company’s stock. The analysts noted that the move was a valuation call.

Several other equities research analysts have also weighed in on the stock. Drexel Hamilton reiterated a buy rating and issued a $84.00 target price on shares of Power Integrations in a report on Friday, October 27th. Stifel Nicolaus reiterated a buy rating and issued a $85.00 target price on shares of Power Integrations in a report on Sunday, September 3rd. Zacks Investment Research upgraded shares of Power Integrations from a hold rating to a buy rating and set a $90.00 target price on the stock in a report on Wednesday, November 1st. Finally, BidaskClub lowered shares of Power Integrations from a hold rating to a sell rating in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $82.80.

Shares of Power Integrations (NASDAQ POWI) opened at $74.40 on Wednesday. The firm has a market cap of $2,210.94, a price-to-earnings ratio of 35.43 and a beta of 1.26. Power Integrations has a twelve month low of $61.44 and a twelve month high of $86.60.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. The company had revenue of $111.30 million for the quarter, compared to analyst estimates of $111.82 million. Power Integrations had a net margin of 13.69% and a return on equity of 11.95%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. equities research analysts expect that Power Integrations will post 2.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. Power Integrations’s payout ratio is 29.02%.

In related news, VP Ben Sutherland sold 500 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $79.58, for a total transaction of $39,790.00. Following the sale, the vice president now directly owns 40,965 shares in the company, valued at $3,259,994.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David Mh Matthews sold 704 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $78.33, for a total transaction of $55,144.32. Following the sale, the vice president now owns 42,654 shares in the company, valued at $3,341,087.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,089 shares of company stock worth $5,077,253. 4.30% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Legal & General Group Plc raised its holdings in shares of Power Integrations by 9.4% during the second quarter. Legal & General Group Plc now owns 57,673 shares of the semiconductor company’s stock worth $4,204,000 after acquiring an additional 4,970 shares during the period. Renaissance Group LLC raised its holdings in shares of Power Integrations by 1.1% during the second quarter. Renaissance Group LLC now owns 5,278 shares of the semiconductor company’s stock worth $385,000 after acquiring an additional 56 shares during the period. Chicago Equity Partners LLC increased its stake in Power Integrations by 104.1% in the 2nd quarter. Chicago Equity Partners LLC now owns 12,520 shares of the semiconductor company’s stock valued at $913,000 after buying an additional 6,385 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Power Integrations in the 2nd quarter valued at $346,000. Finally, Hussman Strategic Advisors Inc. acquired a new stake in Power Integrations in the 3rd quarter valued at $3,660,000. Institutional investors and hedge funds own 97.51% of the company’s stock.

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Power Integrations Company Profile

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.

Analyst Recommendations for Power Integrations (NASDAQ:POWI)

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