Power Integrations, Inc. (NASDAQ:POWI) Stock Has Consensus Price Target of $68.83 According to Analysts

Power Integrations, Inc. (NASDAQ:POWI) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $68.83.

A number of research firms have weighed in on POWI. Susquehanna decreased their price objective on Power Integrations from $85.00 to $70.00 and set a “positive” rating on the stock in a report on Wednesday, October 21st. Williams Trading set a $80.00 target price on Power Integrations in a report on Thursday, August 6th. Needham & Company LLC cut 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. Wall Street Zen raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th.

Power Integrations Stock Performance

NASDAQ:POWI opened at $43.86 on Friday. The company has a 50-day moving average of $49.98 and a 200-day moving average of $58.55. Power Integrations has a 52 week low of $30.86 and a 52 week high of $91.18. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 97.47 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $118.94 million during 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 quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. Sell-side analysts forecast that Power Integrations will post 0.77 EPS for the current year.

Institutional Investors Weigh In On Power Integrations

Several large investors have recently made changes to their positions in POWI. Harbor Investment Advisory LLC acquired a new stake in shares of Power Integrations during the 2nd quarter worth about $33,000. Allworth Financial LP bought a new position in Power Integrations during the 2nd quarter valued at about $42,000. Global Retirement Partners LLC acquired a new position in Power Integrations in the second quarter valued at about $44,000. Northwestern Mutual Wealth Management Co. acquired a new position in Power Integrations in the second quarter valued at about $48,000. Finally, EverSource Wealth Advisors LLC boosted its position in Power Integrations by 125.5% in the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 453 shares in the last quarter.

Power Integrations Company Profile

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

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