Shares of Power Integrations Inc (NASDAQ:POWI) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $91.20.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Saturday, October 12th. Stifel Nicolaus set a $104.00 price objective on Power Integrations and gave the company a “buy” rating in a report on Friday, October 25th. ValuEngine lowered Power Integrations from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub cut Power Integrations from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, Loop Capital raised shares of Power Integrations from a “hold” rating to a “buy” rating and lifted their price target for the company from $83.00 to $102.00 in a research report on Friday, October 25th.

Shares of NASDAQ POWI traded down $0.51 during trading on Tuesday, hitting $88.13. 137,568 shares of the company traded hands, compared to its average volume of 132,997. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 41.18 and a beta of 1.25. The business’s fifty day moving average is $92.14 and its 200 day moving average is $84.44. Power Integrations has a fifty-two week low of $55.80 and a fifty-two week high of $102.38.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, October 24th. The semiconductor company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Power Integrations had a return on equity of 9.64% and a net margin of 14.50%. The company had revenue of $114.16 million during the quarter, compared to the consensus estimate of $114.20 million. During the same period last year, the business posted $0.77 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts expect that Power Integrations will post 1.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Wednesday, November 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.17. Power Integrations’s dividend payout ratio is currently 35.51%.

In other Power Integrations news, VP Doug Bailey sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $93.38, for a total transaction of $186,760.00. Following the completion of the sale, the vice president now directly owns 59,298 shares of the company’s stock, valued at approximately $5,537,247.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Balu Balakrishnan sold 27,510 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was 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. In the last ninety days, insiders sold 94,558 shares of company stock worth $8,779,367. 4.10% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Man Group plc grew its holdings in shares of Power Integrations by 146.7% in the third quarter. Man Group plc now owns 56,140 shares of the semiconductor company’s stock valued at $5,077,000 after acquiring an additional 33,388 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Power Integrations by 33.8% during the 3rd quarter. Squarepoint Ops LLC now owns 15,110 shares of the semiconductor company’s stock valued at $1,366,000 after purchasing an additional 3,819 shares during the last quarter. Granahan Investment Management Inc. MA increased its position in shares of Power Integrations by 4.5% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 86,825 shares of the semiconductor company’s stock valued at $7,852,000 after purchasing an additional 3,725 shares during the last quarter. Barclays PLC increased its position in shares of Power Integrations by 26.3% during the 3rd quarter. Barclays PLC now owns 41,330 shares of the semiconductor company’s stock valued at $3,738,000 after purchasing an additional 8,601 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in shares of Power Integrations by 0.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,689,063 shares of the semiconductor company’s stock worth $152,742,000 after purchasing an additional 10,045 shares during the period. 96.95% of the stock is currently owned by institutional investors.

About Power Integrations

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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