Power Integrations (POWI) – Analysts’ Recent Ratings Changes

Power Integrations (NASDAQ: POWI) has recently received a number of price target changes and ratings updates:

  • 10/17/2018 – Power Integrations was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/16/2018 – Power Integrations was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/9/2018 – Power Integrations was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE™ IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
  • 10/6/2018 – Power Integrations was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/12/2018 – Power Integrations was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $75.00 price target on the stock, down previously from $85.00.
  • 9/11/2018 – Power Integrations was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

NASDAQ:POWI opened at $59.13 on Tuesday. The stock has a market capitalization of $1.72 billion, a PE ratio of 25.93 and a beta of 0.91. Power Integrations Inc has a 1-year low of $55.30 and a 1-year high of $86.60.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, July 26th. The semiconductor company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). The business had revenue of $109.48 million during the quarter, compared to analysts’ expectations of $109.33 million. Power Integrations had a return on equity of 13.07% and a net margin of 6.76%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. As a group, research analysts anticipate that Power Integrations Inc will post 2.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, August 30th. Power Integrations’s dividend payout ratio is presently 28.07%.

In related news, Director Balakrishnan S. Iyer sold 5,500 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $73.51, for a total transaction of $404,305.00. Following the sale, the director now directly owns 20,240 shares of the company’s stock, valued at approximately $1,487,842.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Doug Bailey sold 500 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $72.95, for a total transaction of $36,475.00. Following the sale, the vice president now directly owns 53,708 shares in the company, valued at $3,917,998.60. The disclosure for this sale can be found here. Insiders sold a total of 11,314 shares of company stock worth $828,001 over the last ninety days. Insiders own 4.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Citigroup Inc. grew its position in Power Integrations by 51.5% during the 1st quarter. Citigroup Inc. now owns 3,152 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 1,071 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Power Integrations during the 2nd quarter valued at about $268,000. Xact Kapitalforvaltning AB grew its position in Power Integrations by 62.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 4,951 shares of the semiconductor company’s stock valued at $338,000 after purchasing an additional 1,900 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Power Integrations during the 2nd quarter valued at about $457,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Power Integrations during the 2nd quarter valued at about $632,000. 98.19% of the stock is currently owned by institutional investors.

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 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, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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