Power Integrations (NASDAQ:POWI) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Power Integrations (NASDAQ:POWI) from a strong sell rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also issued reports on POWI. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a research report on Monday, December 29th. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Power Integrations in a report on Friday, February 6th. Finally, Susquehanna raised their price objective on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.00.

Power Integrations Stock Performance

Shares of POWI traded down $0.54 during mid-day trading on Thursday, reaching $47.92. 902,246 shares of the company’s stock traded hands, compared to its average volume of 858,372. The business’s 50-day moving average price is $43.29 and its 200-day moving average price is $41.48. The stock has a market capitalization of $2.66 billion, a P/E ratio of 122.87, a price-to-earnings-growth ratio of 3.68 and a beta of 1.37. Power Integrations has a 12 month low of $30.86 and a 12 month high of $63.04.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Equities research analysts anticipate that Power Integrations will post 0.93 EPS for the current year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $0.215 per share. This is a boost from Power Integrations’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, February 27th. Power Integrations’s dividend payout ratio (DPR) is currently 215.38%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Gagan Jain sold 3,481 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total value of $167,853.82. Following the transaction, the vice president owned 30,769 shares of the company’s stock, valued at approximately $1,483,681.18. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sunil Gupta sold 2,168 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $45.58, for a total value of $98,817.44. Following the sale, the vice president directly owned 95,766 shares of the company’s stock, valued at approximately $4,365,014.28. This represents a 2.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 41,518 shares of company stock worth $1,920,642. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Power Integrations

A number of institutional investors have recently bought and sold shares of POWI. Bank of Montreal Can lifted its stake in Power Integrations by 1.9% during the second quarter. Bank of Montreal Can now owns 11,323 shares of the semiconductor company’s stock valued at $633,000 after buying an additional 214 shares in the last quarter. Covestor Ltd lifted its position in shares of Power Integrations by 13.8% in the 4th quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 251 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Power Integrations by 5.4% in the 1st quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after acquiring an additional 261 shares in the last quarter. Huntington National Bank boosted its stake in Power Integrations by 27.4% in the 2nd quarter. Huntington National Bank now owns 1,312 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 282 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Power Integrations by 125.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 585 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.