Susquehanna Has Lowered Expectations for Power Integrations (NASDAQ:POWI) Stock Price

Power Integrations (NASDAQ:POWI) had its price target dropped by research analysts at Susquehanna from $85.00 to $70.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s target price indicates a potential upside of 49.03% from the stock’s current price.

Several other analysts also recently issued reports on POWI. Williams Trading set a $80.00 target price on Power Integrations in a research note on Thursday, August 6th. Needham & Company LLC dropped their price target on Power Integrations from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Stifel Nicolaus cut their price objective on shares of Power Integrations from $80.00 to $72.00 and set a “buy” rating for the company in a report on Monday, October 5th. Zacks Research cut shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.83.

Power Integrations Stock Performance

Shares of Power Integrations stock opened at $46.97 on Wednesday. The company has a market capitalization of $2.62 billion, a P/E ratio of 104.38 and a beta of 1.54. The company has a fifty day moving average of $51.77 and a 200 day moving average of $64.01. Power Integrations has a fifty-two week low of $30.86 and a fifty-two week high of $91.18.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $118.94 million during the quarter, compared to analyst estimates of $117.44 million. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%. Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. Analysts forecast that Power Integrations will post 0.77 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new stake in shares of Power Integrations in the second quarter worth about $33,000. EverSource Wealth Advisors LLC lifted its position in shares of Power Integrations by 125.5% in the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after buying an additional 453 shares in the last quarter. Allworth Financial LP bought a new position in Power Integrations during the second quarter valued at approximately $42,000. Global Retirement Partners LLC bought a new position in Power Integrations during the second quarter valued at approximately $44,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Power Integrations during the second quarter valued at approximately $48,000.

Power Integrations Company Profile

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.