Power Integrations, Inc. (NASDAQ:POWI) has been given a consensus recommendation of “Buy” by the six analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $83.50.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Wednesday, November 1st. Deutsche Bank AG downgraded shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective on shares of Power Integrations in a research report on Wednesday, October 4th. Drexel Hamilton restated a “buy” rating and set a $84.00 price objective on shares of Power Integrations in a research report on Friday, October 27th. Finally, BidaskClub downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th.

Shares of Power Integrations (POWI) traded up $0.55 during trading on Monday, hitting $80.20. 133,900 shares of the stock traded hands, compared to its average volume of 175,788. The stock has a market cap of $2,383.29, a PE ratio of 38.19 and a beta of 1.29. Power Integrations has a 1-year low of $61.44 and a 1-year high of $86.60.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. Power Integrations’s dividend payout ratio is currently 29.02%.

In other Power Integrations news, CEO Balu Balakrishnan sold 51,350 shares of Power Integrations stock in a transaction on Monday, November 6th. The shares were sold at an average price of $80.71, for a total value of $4,144,458.50. Following the sale, the chief executive officer now directly owns 268,226 shares in the company, valued at approximately $21,648,520.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ben Sutherland sold 500 shares of Power Integrations 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 completion of the sale, the vice president now owns 40,965 shares in the company, valued at $3,259,994.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,835 shares of company stock worth $4,466,388. 4.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in POWI. UBS Asset Management Americas Inc. increased its holdings in Power Integrations by 49.4% in 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 acquiring an additional 5,086 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Power Integrations by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,452 shares of the semiconductor company’s stock worth $227,000 after buying an additional 118 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Power Integrations by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 2,537,323 shares of the semiconductor company’s stock worth $166,829,000 after buying an additional 153,103 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Power Integrations by 14.3% in the 1st quarter. Geode Capital Management LLC now owns 247,794 shares of the semiconductor company’s stock worth $16,291,000 after buying an additional 30,912 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Power Integrations by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 687,687 shares of the semiconductor company’s stock worth $45,215,000 after buying an additional 8,689 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

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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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