Needham & Company LLC Issues Pessimistic Forecast for Power Integrations (NASDAQ:POWI) Stock Price

Power Integrations (NASDAQ:POWI) had its price target dropped by equities research analysts at Needham & Company LLC from $80.00 to $65.00 in a report issued on Thursday, Marketbeat reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s price target indicates a potential upside of 38.89% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. Wall Street Zen raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Susquehanna reduced their price target on shares of Power Integrations from $85.00 to $70.00 and set a “positive” rating on the stock in a research note on Wednesday, October 21st. Zacks Research lowered shares of Power Integrations from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Stifel Nicolaus set a $62.00 target price on shares of Power Integrations in a research note on Thursday. 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, Power Integrations has an average rating of “Moderate Buy” and a consensus target price of $64.67.

Power Integrations Price Performance

Shares of POWI opened at $46.80 on Thursday. Power Integrations has a one year low of $30.86 and a one year high of $91.18. The firm has a market capitalization of $2.61 billion, a PE ratio of 104.00 and a beta of 1.58. The company has a 50-day simple moving average of $49.49 and a two-hundred day simple moving average of $58.61.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Wednesday, November 4th. The semiconductor company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $125.48 million during the quarter, compared to the consensus estimate of $126.03 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. Analysts expect that Power Integrations will post 0.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Power Integrations

Several hedge funds have recently bought and sold shares of POWI. M&G PLC bought a new position in Power Integrations in the third quarter valued at about $15,212,000. Fulcrum Asset Management LLP increased its position in shares of Power Integrations by 307.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 1,117 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 843 shares during the last quarter. Heritage Family Offices LLP bought a new position in shares of Power Integrations during the 3rd quarter worth approximately $32,000. Boston Trust Walden Corp lifted its position in Power Integrations by 46.2% during the third quarter. Boston Trust Walden Corp now owns 1,290,017 shares of the semiconductor company’s stock worth $66,823,000 after acquiring an additional 407,546 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Power Integrations by 22.7% during the third quarter. ProShare Advisors LLC now owns 240,018 shares of the semiconductor company’s stock worth $12,433,000 after acquiring an additional 44,348 shares during the period.

Key Power Integrations News

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Q3 earnings were $0.46 per share, above analyst estimates of $0.41–$0.42 and up from $0.36 a year earlier. Revenue rose 5.5% year over year to $125.48 million. Zacks Q3 earnings report
• Positive Sentiment: The company declared a quarterly dividend of $0.215 per share, equivalent to $0.86 annually and a yield of about 1.8%, providing continued shareholder returns.
• Neutral Sentiment: Reports noted improving inventory levels, while the earnings-call coverage highlighted GaN-driven growth and margins. These trends could be constructive, though the available reports do not quantify their expected financial impact. Inventory trends report Earnings-call highlights
• Negative Sentiment: Revenue of $125.48 million missed the roughly $126.03 million analyst estimate. The small shortfall, despite year-over-year growth, may weigh on reaction to the results.

About Power Integrations

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.