Power Integrations, Inc. (NASDAQ:POWI) Stock Has Consensus Price Target of $71.33 According to Analysts

Shares of Power Integrations, Inc. (NASDAQ:POWI) have been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $71.33.

Several analysts recently weighed in on the stock. Weiss Ratings raised shares of Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Needham & Company LLC lowered their target price on Power Integrations from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Stifel Nicolaus cut their target price on Power Integrations from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Williams Trading set a $80.00 target price on Power Integrations in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Power Integrations from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Institutional Trading of Power Integrations

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of Power Integrations by 38.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,616 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 731 shares during the period. Cim Investment Management Inc. raised its stake in Power Integrations by 7.4% during the second quarter. Cim Investment Management Inc. now owns 5,168 shares of the semiconductor company’s stock worth $433,000 after buying an additional 357 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Power Integrations during the second quarter worth $204,000. Tidal Investments LLC lifted its holdings in Power Integrations by 33.6% in the second quarter. Tidal Investments LLC now owns 14,258 shares of the semiconductor company’s stock valued at $1,194,000 after buying an additional 3,582 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Power Integrations in the second quarter valued at $815,000.

Power Integrations Price Performance

NASDAQ:POWI opened at $49.12 on Wednesday. The firm’s 50 day simple moving average is $54.07 and its 200 day simple moving average is $64.12. Power Integrations has a one year low of $30.86 and a one year high of $91.18. The company has a market cap of $2.74 billion, a PE ratio of 109.16 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $118.94 million for the quarter, compared to analyst estimates of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. Equities research analysts expect that Power Integrations will post 0.77 EPS for the current year.

About Power Integrations

Power Integrations, Inc is a semiconductor company that designs and manufactures high-performance power-conversion technologies. Its products are used to convert and manage electrical power in applications such as consumer electronics, appliances, industrial equipment, communications systems, renewable-energy installations and automotive systems.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor-correction systems, high-voltage gate drivers and motor-drive applications.