Shares of Power Integrations Inc (NASDAQ:POWI) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $91.20.

Several analysts have issued reports on the company. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Saturday, October 12th. ValuEngine cut Power Integrations from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Loop Capital upgraded Power Integrations from a “hold” rating to a “buy” rating and increased their price objective for the stock from $83.00 to $102.00 in a report on Friday, October 25th. BidaskClub cut Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus set a $104.00 price target on Power Integrations and gave the stock a “buy” rating in a research report on Friday, October 25th.

POWI traded down $0.51 during trading on Tuesday, reaching $88.13. The company had a trading volume of 137,568 shares, compared to its average volume of 132,997. The company has a market cap of $2.68 billion, a P/E ratio of 41.18 and a beta of 1.25. Power Integrations has a 12 month low of $55.80 and a 12 month high of $102.38. The business’s fifty day moving average price is $92.14 and its 200 day moving average price is $84.44.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, October 24th. The semiconductor company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $114.16 million for the quarter, compared to analyst estimates of $114.20 million. Power Integrations had a net margin of 14.50% and a return on equity of 9.64%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. On average, research analysts expect that Power Integrations will post 1.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.86%. Power Integrations’s payout ratio is presently 35.51%.

In other news, VP Doug Bailey sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $93.38, for a total transaction of $186,760.00. Following the completion of the sale, the vice president now owns 59,298 shares in the company, valued at $5,537,247.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Nicholas Brathwaite sold 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $92.12, for a total value of $196,215.60. Following the sale, the director now owns 24,828 shares of the company’s stock, valued at approximately $2,287,155.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,558 shares of company stock worth $8,779,367. 4.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in POWI. California Public Employees Retirement System increased its stake in Power Integrations by 26.7% during the 3rd quarter. California Public Employees Retirement System now owns 70,702 shares of the semiconductor company’s stock worth $6,394,000 after acquiring an additional 14,879 shares during the period. Candriam Luxembourg S.C.A. grew its stake in Power Integrations by 103.9% during the second quarter. Candriam Luxembourg S.C.A. now owns 8,171 shares of the semiconductor company’s stock worth $652,000 after buying an additional 4,164 shares in the last quarter. BlackRock Inc. increased its holdings in Power Integrations by 0.7% in the 2nd quarter. BlackRock Inc. now owns 4,230,257 shares of the semiconductor company’s stock valued at $339,182,000 after buying an additional 30,956 shares during the period. Atria Investments LLC bought a new position in Power Integrations in the 2nd quarter valued at about $9,640,000. Finally, Great Lakes Advisors LLC raised its position in shares of Power Integrations by 6.0% in the 3rd quarter. Great Lakes Advisors LLC now owns 61,821 shares of the semiconductor company’s stock valued at $5,591,000 after buying an additional 3,483 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

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 worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

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