Power Integrations (NASDAQ:POWI) received a $80.00 target price from investment analysts at Deutsche Bank in a report issued on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. Deutsche Bank’s price objective would suggest a potential downside of 14.16% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Loop Capital reiterated a “hold” rating and issued a $76.00 price target on shares of Power Integrations in a research note on Tuesday, June 18th. BidaskClub lowered shares of Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus set a $129.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a research note on Friday. Northland Securities reiterated a “hold” rating on shares of Lendingtree in a research note on Friday, April 26th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Power Integrations presently has an average rating of “Buy” and a consensus target price of $77.60.

POWI stock traded up $5.18 during midday trading on Friday, hitting $93.20. The company’s stock had a trading volume of 858,797 shares, compared to its average volume of 132,423. Power Integrations has a twelve month low of $47.35 and a twelve month high of $102.38. The business has a fifty day moving average price of $77.47. The firm has a market cap of $2.73 billion, a PE ratio of 43.55 and a beta of 1.30.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Power Integrations had a net margin of 14.79% and a return on equity of 9.94%. The firm had revenue of $102.87 million for the quarter, compared to analyst estimates of $100.04 million. During the same period in the previous year, the business earned $0.74 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. On average, research analysts predict that Power Integrations will post 1.66 earnings per share for the current year.

In other news, VP Clifford Walker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $78.76, for a total transaction of $787,600.00. Following the transaction, the vice president now directly owns 91,702 shares in the company, valued at approximately $7,222,449.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Doug Bailey sold 1,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $65.31, for a total transaction of $65,310.00. Following the transaction, the vice president now owns 59,298 shares in the company, valued at $3,872,752.38. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock worth $1,572,450 over the last 90 days. 4.10% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of Power Integrations by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 45,406 shares of the semiconductor company’s stock worth $3,641,000 after purchasing an additional 821 shares during the last quarter. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Power Integrations during the 2nd quarter worth about $481,000. CAPROCK Group Inc. acquired a new position in shares of Power Integrations during the 2nd quarter worth about $224,000. Huntington National Bank increased its stake in shares of Power Integrations by 19.9% during the 2nd quarter. Huntington National Bank now owns 1,042 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 173 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Power Integrations by 2.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,963 shares of the semiconductor company’s stock worth $798,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 97.56% of the company’s stock.

About Power Integrations

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 worldwide. 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, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

Featured Story: How are Outstanding Shares Different from Authorized Shares?

Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.