Power Integrations (NASDAQ:POWI) Shares Up 7.1%

Power Integrations, Inc. (NASDAQ:POWI)’s stock price rose 7.1% during mid-day trading on Wednesday . The company traded as high as $76.96 and last traded at $75.12. Approximately 403,474 shares traded hands during trading, an increase of 1% from the average daily volume of 400,313 shares. The stock had previously closed at $70.17.

Analysts Set New Price Targets

Several research firms recently commented on POWI. Northland Securities upgraded Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a report on Monday, February 26th. Benchmark boosted their price objective on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, February 9th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, TD Cowen boosted their target price on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.40.

Power Integrations Price Performance

The company has a market capitalization of $4.36 billion, a P/E ratio of 76.72 and a beta of 1.20. The firm’s 50-day moving average is $69.46 and its 200-day moving average is $74.24.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. As a group, analysts forecast that Power Integrations, Inc. will post 0.65 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. Power Integrations’s payout ratio is currently 82.47%.

Insider Activity at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 5,232 shares of Power Integrations stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $81.02, for a total transaction of $423,896.64. Following the transaction, the chief executive officer now owns 508,461 shares of the company’s stock, valued at $41,195,510.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Yang Chiah Yee sold 996 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.06, for a total transaction of $79,739.76. Following the completion of the sale, the vice president now owns 32,625 shares in the company, valued at $2,611,957.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Balu Balakrishnan sold 5,232 shares of Power Integrations stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $81.02, for a total value of $423,896.64. Following the sale, the chief executive officer now directly owns 508,461 shares in the company, valued at approximately $41,195,510.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,106 shares of company stock worth $3,518,339. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in shares of Power Integrations in the fourth quarter worth about $26,000. SRS Capital Advisors Inc. increased its holdings in shares of Power Integrations by 369.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after buying an additional 321 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Power Integrations during the 1st quarter valued at about $51,000. Fidelis Capital Partners LLC bought a new stake in shares of Power Integrations in the 1st quarter valued at approximately $55,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Power Integrations during the third quarter worth $65,000.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.