Power Integrations (NASDAQ:POWI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other research firms have also recently weighed in on POWI. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price objective on shares of Power Integrations in a research report on Sunday, September 3rd. Zacks Investment Research raised Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $84.00 price objective on shares of Power Integrations in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $83.50.

Shares of Power Integrations (POWI) opened at $74.70 on Thursday. The stock has a market capitalization of $2,237.68, a P/E ratio of 35.86 and a beta of 1.26. Power Integrations has a 12-month low of $61.44 and a 12-month high of $86.60.

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

In other news, VP Ben Sutherland sold 500 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $79.58, for a total value of $39,790.00. Following the completion of the sale, the vice president now directly owns 40,965 shares of the company’s stock, valued at $3,259,994.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Balu Balakrishnan sold 51,350 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 268,226 shares of the company’s stock, valued at $21,648,520.46. The disclosure for this sale can be found here. Insiders sold 63,089 shares of company stock valued at $5,077,253 over the last three months. 4.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC raised its stake in shares of Power Integrations by 4.6% in the third quarter. Neuberger Berman Group LLC now owns 2,925,039 shares of the semiconductor company’s stock valued at $214,113,000 after purchasing an additional 128,790 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Power Integrations by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,610,745 shares of the semiconductor company’s stock valued at $190,324,000 after purchasing an additional 73,422 shares in the last quarter. Impax Asset Management LTD raised its stake in shares of Power Integrations by 20.7% in the third quarter. Impax Asset Management LTD now owns 839,787 shares of the semiconductor company’s stock valued at $61,472,000 after purchasing an additional 144,088 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Power Integrations by 1.0% in the third quarter. Stephens Investment Management Group LLC now owns 644,192 shares of the semiconductor company’s stock valued at $47,155,000 after purchasing an additional 6,226 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of Power Integrations by 159.9% in the third quarter. Artemis Investment Management LLP now owns 545,657 shares of the semiconductor company’s stock valued at $39,928,000 after purchasing an additional 335,703 shares in the last quarter. 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.

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