Power Integrations (NASDAQ:POWI) Rating Lowered to “Hold” at Zacks Research

Power Integrations (NASDAQ:POWI) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also commented on POWI. Stifel Nicolaus raised their price target on Power Integrations from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a report on Monday, April 6th. Needham & Company LLC started coverage on Power Integrations in a research note on Wednesday, June 10th. They issued a “buy” rating and a $90.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Power Integrations in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Power Integrations currently has an average rating of “Hold” and a consensus target price of $76.20.

Power Integrations Trading Up 4.6%

Shares of POWI stock opened at $74.39 on Monday. The firm’s 50 day moving average is $76.76 and its 200 day moving average is $60.11. The stock has a market capitalization of $4.15 billion, a P/E ratio of 247.97, a PEG ratio of 3.65 and a beta of 1.57. Power Integrations has a 12 month low of $30.86 and a 12 month high of $91.18.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The business had revenue of $108.31 million during the quarter, compared to analyst estimates of $106.75 million. During the same period in the previous year, the business earned $0.31 EPS. Power Integrations’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Power Integrations will post 0.76 EPS for the current year.

Insider Transactions at Power Integrations

In other news, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $86.44, for a total value of $10,743,368.28. Following the transaction, the director owned 279,516 shares of the company’s stock, valued at approximately $24,161,363.04. This represents a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nicholas Brathwaite sold 6,895 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total value of $499,266.95. Following the completion of the sale, the director owned 30,609 shares in the company, valued at $2,216,397.69. This trade represents a 18.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 334,772 shares of company stock valued at $27,322,535. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Power Integrations

Large investors have recently modified their holdings of the business. Covestor Ltd lifted its position in Power Integrations by 13.8% during the fourth quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 251 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Power Integrations by 5.4% in the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock worth $255,000 after buying an additional 261 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Power Integrations by 2.7% in the 4th quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock worth $461,000 after buying an additional 340 shares during the last quarter. First National Bank of Omaha raised its position in shares of Power Integrations by 0.8% during the 4th quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock valued at $1,637,000 after buying an additional 366 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Power Integrations by 3.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,531 shares of the semiconductor company’s stock valued at $756,000 after buying an additional 389 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.