Shares of Power Integrations Inc (NASDAQ:POWI) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $81.00.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, November 1st. Drexel Hamilton reissued a “buy” rating and set a $84.00 price target on shares of Power Integrations in a research note on Friday, October 27th. BidaskClub downgraded shares of Power Integrations from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Stifel Nicolaus reissued a “buy” rating on shares of Power Integrations in a research note on Wednesday, September 13th. Finally, Susquehanna Bancshares assumed coverage on shares of Power Integrations in a research note on Wednesday, December 13th. They set a “neutral” rating and a $80.00 price target for the company. They noted that the move was a valuation call.

In other Power Integrations news, Director Steven Sharp sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $79.49, for a total value of $794,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balu Balakrishnan sold 51,350 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $80.71, for a total transaction of $4,144,458.50. Following the completion of the sale, the chief executive officer now directly owns 268,226 shares of the company’s stock, valued at approximately $21,648,520.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,089 shares of company stock valued at $5,077,253. 4.30% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Advisor Group Inc. increased its stake in Power Integrations by 14.5% in the second quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 231 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Power Integrations by 71.2% in the second quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock valued at $175,000 after purchasing an additional 997 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Power Integrations by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 150 shares in the last quarter. Victory Capital Management Inc. increased its stake in Power Integrations by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,601 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 391 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Power Integrations in the third quarter valued at approximately $205,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Power Integrations (NASDAQ:POWI) traded up $1.60 during mid-day trading on Tuesday, hitting $78.75. 103,129 shares of the stock were exchanged, compared to its average volume of 101,657. Power Integrations has a 12 month low of $61.44 and a 12 month high of $86.60. The firm has a market capitalization of $2,286.71, a price-to-earnings ratio of 40.80 and a beta of 1.27.

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 the Zacks’ consensus estimate of $0.73 by $0.05. Power Integrations had a net margin of 13.69% and a return on equity of 11.95%. The company had revenue of $111.30 million for the quarter, compared to analyst estimates of $111.82 million. During the same period in the prior year, the business earned $0.67 earnings per share. Power Integrations’s quarterly revenue was up 9.5% on a year-over-year basis. equities research analysts anticipate that Power Integrations will post 2.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Wednesday, November 29th. Power Integrations’s dividend payout ratio (DPR) is 29.02%.

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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.

Analyst Recommendations for Power Integrations (NASDAQ:POWI)

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