Power Integrations (NASDAQ:POWI) Price Target Raised to $85.00

Power Integrations (NASDAQ:POWI) had its target price boosted by Susquehanna from $70.00 to $85.00 in a research report sent to investors on Friday morning, Marketbeat.com reports. The brokerage currently has a positive rating on the semiconductor company’s stock.

POWI has been the topic of a number of other reports. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research report on Monday, April 6th. Benchmark upped their target price on shares of Power Integrations from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Zacks Research raised shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Stifel Nicolaus upped their target price on shares of Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.50.

Power Integrations Price Performance

NASDAQ:POWI opened at $73.28 on Friday. The firm’s 50-day moving average price is $55.06 and its 200-day moving average price is $45.36. The company has a market capitalization of $4.08 billion, a PE ratio of 244.27, a P/E/G ratio of 5.56 and a beta of 1.54. Power Integrations has a 1-year low of $30.86 and a 1-year high of $81.59.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $108.31 million for the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. Equities analysts anticipate that Power Integrations will post 0.64 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, May 29th. Power Integrations’s dividend payout ratio (DPR) is currently 286.67%.

Insider Buying and Selling at Power Integrations

In other 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 transaction of $167,853.82. Following the transaction, the vice president directly owned 30,769 shares of the company’s stock, valued at $1,483,681.18. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sunil Gupta sold 1,272 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $45.97, for a total value of $58,473.84. Following the transaction, the vice president directly owned 96,933 shares in the company, valued at approximately $4,456,010.01. The trade was a 1.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 10,061 shares of company stock worth $478,346. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

Several large investors have recently bought and sold shares of POWI. Geneos Wealth Management Inc. boosted its holdings in shares of Power Integrations by 576.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 536 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Power Integrations by 77.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 849 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 371 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Power Integrations during the 4th quarter valued at about $36,000. UMB Bank n.a. boosted its holdings in shares of Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 410 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Power Integrations during the 4th quarter valued at about $48,000.

Key Power Integrations News

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

• Positive Sentiment: Susquehanna raised its price target on Power Integrations to $85 from $70 and reiterated a positive rating, signaling more upside optimism after the latest results. Benzinga The Fly
• Positive Sentiment: Power Integrations reported first-quarter earnings of $0.25 per share, topping estimates, and revenue of $108.3 million versus consensus of $106.8 million, suggesting continued demand resilience. MarketBeat
• Positive Sentiment: The company’s second-quarter revenue guidance of $115 million to $120 million brackets Wall Street’s forecast, which investors may view as a constructive outlook following the earnings release. MarketBeat
• Positive Sentiment: Power Integrations declared a quarterly dividend of $0.215 per share, reinforcing capital return to shareholders. MSN
• Neutral Sentiment: The company appointed semiconductor veteran Mike Balow as senior vice president of worldwide sales, a leadership move that could support future growth but does not have an immediate financial impact. TipRanks
• Neutral Sentiment: The company also noted improving inventory levels, which is encouraging for operations but is still early evidence rather than a confirmed long-term trend. MSN

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.