Analysts’ Recent Ratings Changes for Power Integrations (POWI)

Power Integrations (NASDAQ: POWI) has recently received a number of price target changes and ratings updates:

  • 9/17/2019 – Power Integrations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 9/14/2019 – Power Integrations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $105.00 price target on the stock. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 9/10/2019 – Power Integrations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 9/7/2019 – Power Integrations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $100.00 price target on the stock. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 9/4/2019 – Power Integrations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 8/31/2019 – Power Integrations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 8/29/2019 – Power Integrations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 8/22/2019 – Power Integrations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $98.00 price target on the stock. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 8/21/2019 – Power Integrations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 7/31/2019 – Power Integrations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $105.00 price target on the stock. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 7/29/2019 – Power Integrations had its “underperform” rating reaffirmed by analysts at Northland Securities. They now have a $70.00 price target on the stock. They wrote, “We are downgrading POWI due to overly optimistic expectations for POWI’s growth in cellphone chargers. We note POWI is working with all the major phone makers. Cellphone chargers is POWI’s lowest margin business, it is a highly competitive market, POWI in the past has not sacrificed GM for growth. Moreover, we believe Chinese OEMs are designing out US silicon and we expect the charger market will be impacted first. Shares are trading 50% above its historic peak out year P/E multiple.””
  • 7/27/2019 – Power Integrations was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/26/2019 – Power Integrations was given a new $80.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 7/26/2019 – Power Integrations was given a new $97.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.

Shares of POWI stock traded down $0.48 during mid-day trading on Thursday, hitting $91.74. 3,984 shares of the company’s stock were exchanged, compared to its average volume of 131,525. Power Integrations Inc has a fifty-two week low of $47.35 and a fifty-two week high of $102.38. The stock has a 50-day simple moving average of $88.10 and a two-hundred day simple moving average of $77.91. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 42.87 and a beta of 1.26.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Power Integrations had a return on equity of 9.87% and a net margin of 14.79%. The business had revenue of $102.87 million for the quarter, compared to analysts’ expectations of $100.04 million. During the same quarter last year, the firm earned $0.74 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Power Integrations Inc will post 1.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, August 29th. Power Integrations’s dividend payout ratio (DPR) is 31.78%.

In related news, Director Balakrishnan S. Iyer sold 4,000 shares of Power Integrations stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $89.00, for a total value of $356,000.00. Following the transaction, the director now owns 20,240 shares in the company, valued at $1,801,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 27,510 shares of Power Integrations stock in a transaction on Monday, September 16th. The shares were sold at an average price of $91.82, for a total value of $2,525,968.20. The disclosure for this sale can be found here. Insiders have sold 73,935 shares of company stock worth $6,695,297 in the last 90 days. Insiders own 4.10% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Huntington National Bank boosted its holdings in Power Integrations by 19.9% in the second quarter. Huntington National Bank now owns 1,042 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 173 shares during the last quarter. Cutler Group LP raised its position in Power Integrations by 222.2% in the first quarter. Cutler Group LP now owns 1,305 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 900 shares during the period. ETF Managers Group LLC raised its position in Power Integrations by 10.5% in the first quarter. ETF Managers Group LLC now owns 2,103 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 199 shares during the period. Magnus Financial Group LLC purchased a new position in Power Integrations in the second quarter valued at about $220,000. Finally, CAPROCK Group Inc. purchased a new position in Power Integrations in the second quarter valued at about $224,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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 worldwide. 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, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

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