Power Integrations (POWI) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Power Integrations (NASDAQ:POWI) from a hold rating to a sell rating in a research report released on Saturday.

Other analysts also recently issued reports about the company. Stifel Nicolaus downgraded Power Integrations from a buy rating to a hold rating and reduced their price objective for the company from $85.00 to $75.00 in a research report on Wednesday, September 12th. Zacks Investment Research downgraded Power Integrations from a hold rating to a sell rating in a research report on Wednesday, August 1st. BidaskClub downgraded Power Integrations from a hold rating to a sell rating in a research report on Friday, July 27th. Finally, Loop Capital assumed coverage on Power Integrations in a research report on Thursday, June 21st. They issued a buy rating and a $89.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $82.20.

Power Integrations stock opened at $57.52 on Friday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 25.23 and a beta of 0.91. Power Integrations has a fifty-two week low of $56.94 and a fifty-two week high of $86.60.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 26th. The semiconductor company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). The firm had revenue of $109.48 million during the quarter, compared to analyst estimates of $109.33 million. Power Integrations had a net margin of 6.76% and a return on equity of 13.07%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. Equities research analysts forecast that Power Integrations will post 2.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.11%. Power Integrations’s dividend payout ratio is currently 28.07%.

In related news, Director Balakrishnan S. Iyer sold 5,500 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $73.51, for a total transaction of $404,305.00. Following the transaction, the director now directly owns 20,240 shares in the company, valued at $1,487,842.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Doug Bailey sold 500 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $71.35, for a total value of $35,675.00. Following the transaction, the vice president now owns 53,873 shares in the company, valued at $3,843,838.55. The disclosure for this sale can be found here. Insiders sold 11,314 shares of company stock worth $828,001 over the last 90 days. Company insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POWI. We Are One Seven LLC lifted its position in Power Integrations by 173.8% during the first quarter. We Are One Seven LLC now owns 1,536 shares of the semiconductor company’s stock worth $105,000 after buying an additional 975 shares during the period. Quantbot Technologies LP purchased a new position in Power Integrations during the first quarter worth about $209,000. Citigroup Inc. lifted its position in Power Integrations by 51.5% during the first quarter. Citigroup Inc. now owns 3,152 shares of the semiconductor company’s stock worth $215,000 after buying an additional 1,071 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Power Integrations during the second quarter worth about $268,000. Finally, Xact Kapitalforvaltning AB lifted its position in Power Integrations by 62.3% during the first quarter. Xact Kapitalforvaltning AB now owns 4,951 shares of the semiconductor company’s stock worth $338,000 after buying an additional 1,900 shares during the period. Hedge funds and other institutional investors own 98.28% 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. 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, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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