Media coverage about Power Integrations (NASDAQ:POWI) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Power Integrations earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 45.9479142710811 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Susquehanna Bancshares assumed coverage on shares of Power Integrations in a research note on Wednesday, December 13th. They issued a “neutral” rating and a $80.00 price objective for the company. They noted that the move was a valuation call. BidaskClub cut shares of Power Integrations from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Drexel Hamilton restated a “buy” rating and issued a $84.00 price objective on shares of Power Integrations in a research note on Friday, October 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $85.00 price objective on shares of Power Integrations in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $81.40.
Shares of Power Integrations (NASDAQ:POWI) opened at $78.55 on Monday. Power Integrations has a one year low of $61.44 and a one year high of $86.60. The firm has a market cap of $2,334.27, a price-to-earnings ratio of 40.70 and a beta of 1.27.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Wednesday, November 29th. Power Integrations’s dividend payout ratio (DPR) is currently 29.02%.
In related news, VP David Mh Matthews sold 704 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $78.33, for a total transaction of $55,144.32. Following the transaction, the vice president now owns 42,654 shares of the company’s stock, valued at $3,341,087.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Sharp sold 10,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $79.49, for a total transaction of $794,900.00. The disclosure for this sale can be found here. Insiders have sold 63,089 shares of company stock worth $5,077,253 in the last ninety days. 4.30% of the stock is currently owned by insiders.
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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