BidaskClub downgraded shares of Power Integrations (NASDAQ:POWI) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday.

Other equities research analysts also recently issued reports about the stock. Drexel Hamilton reiterated a buy rating and issued a $84.00 target price on shares of Power Integrations in a research note on Friday, October 27th. Susquehanna Bancshares began coverage on shares of Power Integrations in a research note on Wednesday, December 13th. They issued a neutral rating and a $80.00 target price for the company. They noted that the move was a valuation call. Sidoti downgraded shares of Power Integrations from a buy rating to a neutral rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Power Integrations from a buy rating to a hold rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $81.40.

Shares of Power Integrations (NASDAQ POWI) opened at $65.60 on Wednesday. Power Integrations has a one year low of $61.44 and a one year high of $86.60. The stock has a market cap of $1,976.17, a PE ratio of 29.17 and a beta of 1.17.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 1st. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Power Integrations had a net margin of 6.39% and a return on equity of 12.70%. The business had revenue of $108.20 million during the quarter, compared to the consensus estimate of $110.50 million. During the same period last year, the business posted $0.67 EPS. Power Integrations’s revenue was up 5.7% on a year-over-year basis. equities research analysts expect that Power Integrations will post 2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from Power Integrations’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 0.98%. Power Integrations’s dividend payout ratio (DPR) is 62.22%.

Power Integrations announced that its Board of Directors has initiated a stock buyback program on Thursday, February 1st that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

In other news, Director Steven Sharp sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $79.49, for a total transaction of $794,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David Mh Matthews sold 704 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $78.33, for a total transaction of $55,144.32. Following the transaction, the vice president now directly owns 42,654 shares in the company, valued at $3,341,087.82. The disclosure for this sale can be found here. Insiders have sold 35,076 shares of company stock valued at $2,648,561 over the last 90 days. Company insiders own 4.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its holdings in shares of Power Integrations by 4.6% during the third quarter. Neuberger Berman Group LLC now owns 2,925,039 shares of the semiconductor company’s stock worth $214,113,000 after purchasing an additional 128,790 shares during the period. Vanguard Group Inc. increased its holdings in shares of Power Integrations by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,610,745 shares of the semiconductor company’s stock worth $190,324,000 after purchasing an additional 73,422 shares during the period. Impax Asset Management LTD increased its holdings in shares of Power Integrations by 20.7% during the third quarter. Impax Asset Management LTD now owns 839,787 shares of the semiconductor company’s stock worth $61,472,000 after purchasing an additional 144,088 shares during the period. Stephens Investment Management Group LLC increased its holdings in shares of Power Integrations by 1.0% during the third quarter. Stephens Investment Management Group LLC now owns 644,192 shares of the semiconductor company’s stock worth $47,155,000 after purchasing an additional 6,226 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in shares of Power Integrations by 159.9% during the third quarter. Artemis Investment Management LLP now owns 545,657 shares of the semiconductor company’s stock worth $39,928,000 after purchasing an additional 335,703 shares during the period. 96.82% of the stock is currently owned by institutional investors.

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Power Integrations Company Profile

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. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.

Analyst Recommendations for Power Integrations (NASDAQ:POWI)

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