Power Integrations, Inc. (NASDAQ:POWI)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a note issued to investors on Wednesday. They presently have a $85.00 target price on the semiconductor company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 19.47% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Drexel Hamilton set a $84.00 price target on shares of Power Integrations and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG cut shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $81.33.

Power Integrations (NASDAQ:POWI) traded up 1.19% during midday trading on Wednesday, hitting $72.00. The company’s stock had a trading volume of 73,277 shares. The firm has a market cap of $2.14 billion, a P/E ratio of 40.02 and a beta of 1.28. Power Integrations has a 12 month low of $60.67 and a 12 month high of $82.80. The company’s 50 day moving average price is $71.92 and its 200 day moving average price is $69.38.

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

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In related 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 transaction of $5,073,900.00. Following the transaction, the insider now owns 319,576 shares in the company, valued at approximately $24,946,102.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David Mh Matthews sold 1,000 shares of Power Integrations 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 transaction, the vice president now owns 43,405 shares in the company, valued at approximately $3,091,304.10. The disclosure for this sale can be found here. Insiders have sold a total of 72,593 shares of company stock worth $5,644,357 in the last quarter. Corporate insiders own 4.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in POWI. BNP Paribas Arbitrage SA lifted its stake in shares of Power Integrations by 12.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,158 shares of the semiconductor company’s stock valued at $405,000 after buying an additional 671 shares in the last quarter. Comerica Bank lifted its stake in shares of Power Integrations by 4.9% during the 1st quarter. Comerica Bank now owns 32,894 shares of the semiconductor company’s stock valued at $2,233,000 after buying an additional 1,523 shares in the last quarter. Swiss National Bank lifted its stake in shares of Power Integrations by 1.5% during the 1st quarter. Swiss National Bank now owns 48,200 shares of the semiconductor company’s stock valued at $3,169,000 after buying an additional 700 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Power Integrations by 49.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 15,379 shares of the semiconductor company’s stock valued at $1,011,000 after buying an additional 5,086 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Power Integrations by 8.2% during the 1st quarter. Sei Investments Co. now owns 22,774 shares of the semiconductor company’s stock valued at $1,497,000 after buying an additional 1,726 shares in the last quarter. Institutional investors own 95.38% of the company’s stock.

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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