Power Integrations, Inc. (POWI) Given “Buy” Rating at Stifel Nicolaus
Stifel Nicolaus reaffirmed their buy rating on shares of Power Integrations, Inc. (NASDAQ:POWI) in a research report sent to investors on Wednesday morning. Stifel Nicolaus currently has a $85.00 price objective on the semiconductor company’s stock.
Other research analysts have also issued reports about the company. BidaskClub raised Power Integrations from a buy rating to a strong-buy rating in a report on Sunday, July 16th. Zacks Investment Research raised Power Integrations from a sell rating to a hold rating in a report on Thursday, September 28th. Drexel Hamilton set a $84.00 price objective on Power Integrations and gave the company a buy rating in a report on Friday, July 28th. Finally, Deutsche Bank AG lowered Power Integrations from a buy rating to a hold rating and set a $75.00 price objective on the stock. in a report on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $81.33.
Shares of Power Integrations (NASDAQ:POWI) traded down 2.28% on Wednesday, reaching $70.75. The company’s stock had a trading volume of 177,563 shares. The firm has a 50 day moving average price of $71.88 and a 200-day moving average price of $69.37. The stock has a market cap of $2.11 billion, a PE ratio of 39.33 and a beta of 1.28. Power Integrations has a 12-month low of $60.67 and a 12-month high of $82.80.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $107.56 million for the quarter, compared to analyst estimates of $107.85 million. Power Integrations had a return on equity of 12.08% and a net margin of 13.37%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Equities research analysts expect that Power Integrations will post $2.77 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This report was first published by Marea Informative and is the property of of Marea Informative. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at http://www.mareainformativa.com/power-integrations-inc-powi-given-buy-rating-at-stifel-nicolaus/117500/.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, August 29th. Power Integrations’s dividend payout ratio is presently 29.95%.
In related news, VP Raja Petrakian sold 2,272 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $68.89, for a total transaction of $156,518.08. Following the sale, the vice president now directly owns 30,815 shares of the company’s stock, valued at $2,122,845.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David Mh Matthews sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $71.22, for a total value of $71,220.00. Following the sale, the vice president now directly owns 43,405 shares in the company, valued at $3,091,304.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,593 shares of company stock worth $5,644,357. 4.30% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Huntington National Bank grew its holdings in Power Integrations by 22.8% during the second quarter. Huntington National Bank now owns 1,504 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 279 shares during the period. Advisor Group Inc. grew its holdings in Power Integrations by 14.5% during the second quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 231 shares during the period. Victory Capital Management Inc. grew its holdings in Power Integrations by 22.7% during the first quarter. Victory Capital Management Inc. now owns 2,210 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 409 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Power Integrations during the first quarter worth about $156,000. Finally, Riverhead Capital Management LLC grew its holdings in Power Integrations by 71.2% during the second quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock worth $175,000 after acquiring an additional 997 shares during the period. 95.38% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for Power Integrations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations Inc. and related stocks with our FREE daily email newsletter.