Power Integrations (NASDAQ:POWI) Raised to Buy at Wall Street Zen

by · The Cerbat Gem

Power Integrations (NASDAQ:POWI – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Williams Trading set a $80.00 price objective on shares of Power Integrations in a research report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research note on Wednesday. Stifel Nicolaus decreased their target price on shares of Power Integrations from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Zacks Research downgraded shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.67.

Check Out Our Latest Research Report on POWI

Power Integrations Price Performance

Shares of Power Integrations stock opened at $64.59 on Friday. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 143.54 and a beta of 1.58. Power Integrations has a twelve month low of $30.86 and a twelve month high of $91.18. The company has a 50-day simple moving average of $73.61 and a two-hundred day simple moving average of $62.15.

Power Integrations (NASDAQ:POWI – Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $118.94 million for the quarter, compared to analysts’ expectations of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. On average, sell-side analysts anticipate that Power Integrations will post 0.76 earnings per share for the current fiscal year.

Insider Activity at Power Integrations

In other Power Integrations news, Director Nicholas Brathwaite sold 1,728 shares of Power Integrations stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the transaction, the director owned 22,226 shares in the company, valued at $1,925,216.12. The trade was a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Balu Balakrishnan sold 124,287 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $86.44, for a total value of $10,743,368.28. Following the transaction, the director directly owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 334,772 shares of company stock valued at $27,322,535 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Power Integrations

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First National Bank of Omaha acquired a new stake in Power Integrations in the second quarter valued at approximately $2,881,000. BlackRock Inc. acquired a new position in shares of Power Integrations during the second quarter worth $730,559,000. Deutsche Bank AG bought a new position in shares of Power Integrations in the 2nd quarter valued at $12,573,000. Old West Investment Management LLC bought a new position in shares of Power Integrations in the 2nd quarter valued at $1,553,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Power Integrations during the 2nd quarter valued at $44,000.

Power Integrations Company Profile

(Get Free Report)

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

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