Power Integrations Inc (NASDAQ:POWI) has been given a consensus rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $84.60.
A number of brokerages have recently weighed in on POWI. Northland Securities reiterated an “underperform” rating and set a $70.00 target price on shares of Power Integrations in a research note on Monday, July 29th. ValuEngine lowered Power Integrations from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus set a $97.00 target price on Power Integrations and gave the stock a “buy” rating in a research note on Friday, July 26th. Deutsche Bank set a $80.00 target price on Power Integrations and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, BidaskClub upgraded Power Integrations from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 27th.
In other Power Integrations news, CEO Balu Balakrishnan sold 27,510 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $91.82, for a total transaction of $2,525,968.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ben Sutherland sold 364 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $83.77, for a total value of $30,492.28. Following the transaction, the vice president now owns 41,371 shares in the company, valued at approximately $3,465,648.67. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,746 shares of company stock worth $8,899,293. 4.10% of the stock is owned by corporate insiders.
NASDAQ:POWI traded down $0.87 on Monday, hitting $90.91. The company’s stock had a trading volume of 313,830 shares, compared to its average volume of 151,802. The firm has a market capitalization of $2.69 billion, a P/E ratio of 42.48 and a beta of 1.23. Power Integrations has a one year low of $47.35 and a one year high of $102.38. The stock has a fifty day moving average of $90.54 and a two-hundred day moving average of $81.14.
Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, July 25th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The company had revenue of $102.87 million for the quarter, compared to analyst estimates of $100.04 million. Power Integrations had a return on equity of 9.87% and a net margin of 14.79%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. On average, equities research analysts anticipate that Power Integrations will post 1.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.75%. Power Integrations’s dividend payout ratio (DPR) is currently 31.78%.
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 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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