Power Integrations (NASDAQ:POWI) Stock Rating Upgraded by Zacks Research

Power Integrations (NASDAQ:POWI) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Power Integrations in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Finally, Susquehanna increased their price objective on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.00.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $47.92 on Thursday. The company has a market cap of $2.66 billion, a P/E ratio of 122.87, a P/E/G ratio of 3.68 and a beta of 1.37. Power Integrations has a 52-week low of $30.86 and a 52-week high of $63.04. The firm’s fifty day moving average is $43.29 and its two-hundred day moving average is $41.48.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $103.20 million during the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. As a group, analysts forecast that Power Integrations will post 0.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jennifer A. Lloyd sold 3,322 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $154,705.54. Following the transaction, the chief executive officer directly owned 76,307 shares in the company, valued at approximately $3,553,616.99. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Sunil Gupta sold 2,168 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $45.58, for a total transaction of $98,817.44. Following the completion of the transaction, the vice president directly owned 95,766 shares in the company, valued at $4,365,014.28. This represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 41,518 shares of company stock worth $1,920,642. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Power Integrations

Large investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd bought a new position in Power Integrations in the third quarter worth approximately $3,997,000. Copeland Capital Management LLC raised its position in Power Integrations by 7.2% during the 3rd quarter. Copeland Capital Management LLC now owns 1,276,860 shares of the semiconductor company’s stock valued at $51,343,000 after purchasing an additional 86,123 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in shares of Power Integrations by 119.8% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 67,137 shares of the semiconductor company’s stock worth $3,753,000 after buying an additional 36,592 shares during the period. ASR Vermogensbeheer N.V. grew its position in shares of Power Integrations by 8.2% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 307,553 shares of the semiconductor company’s stock worth $12,366,000 after buying an additional 23,354 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Power Integrations by 173.6% during the 2nd quarter. Marshall Wace LLP now owns 423,731 shares of the semiconductor company’s stock worth $23,687,000 after buying an additional 268,875 shares in the last quarter.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.