Power Integrations (NASDAQ:POWI – Get a Free Report) was downgraded by equity analysts at StockNews.com from “hold” to “sell” in a report released Thursday.
Several other equities analysts have also recently commented on the stock. Susquehanna cut their price target on shares of Power Integrations from $95.00 to $80.00 and gave a “positive” rating on the stock in a report on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Benchmark cut their price target on shares of Power Integrations from $90.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on Power Integrations from $73.00 to $68.00 and gave a “hold” rating on the stock in a research report on Wednesday. Finally, TD Cowen lowered their price target on Power Integrations from $80.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday. One analyst has rated the stock a “sell,” three have given a “hold” rating, and three have given a “buy” rating. According to data from MarketBeat.com, Power Integrations has an average rating of “hold” and a consensus price target of $76.33.
Get our latest stock analysis on POWI
Power Integrations shares down 0.9%
NASDAQ POWI traded $0.56 lower during trading hours on Thursday, reaching $60.36. 465,216 shares of the company traded hands, compared to its average volume of 427,034. The stock has a market cap of $3.43 billion, a P/E ratio of 65.61, a PEG ratio of 3.58 and a beta of 1.11. Power Integrations has a 1-year low of $59.63 and a 1-year high of $89.68. The company’s 50-day moving average is $71.66 and its 200-day moving average is $72.21.
Power Integrations (NASDAQ:POWI – Free Report) last released its quarterly earnings results on Tuesday, August 6. The semiconductor company reported earnings per share of $0.28 for the quarter, beating the consensus estimate of $0.26 by $0.02. Power Integrations had a return on equity of 4.82% and a net margin of 10.38%. The company posted revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. In the same quarter last year, the company posted earnings per share of $0.27. Power Integrations’ revenue for the quarter declined 13.8% year-over-year. As a group, sell-side analysts expect Power Integrations to report earnings per share of $0.73 for the current year.
Insider buying and selling
In other Power Integrations news, CFO Sandeep Nayyar sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15. The shares were sold at an average price of $78.50, for a total value of $392,500.00. Following the sale, the CFO now owns 85,198 shares of the company’s stock, valued at approximately $6,688,043. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Sandeep Nayyar sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15. The shares were sold at an average price of $78.50, for a total value of $392,500.00. Following the transaction, the CFO now owns 85,198 shares of the company’s stock, valued at approximately $6,688,043. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice President Yang Chiah Yee sold 1,412 shares of the company’s stock on Monday, June 17. The shares were sold at an average price of $73.75, for a total transaction of $104,135.00. After the sale, the vice president now owns 45,436 shares of the company’s stock, valued at approximately $3,350,905. The disclosure regarding this sale can be found here. Insiders have sold a total of 32,100 shares of the company’s stock, valued at $2,481,667, in the last ninety days. 1.70% of the shares are owned by company insiders.
Hedge funds comment on electricity integration
Hedge funds and other institutional investors have recently changed their holdings in the company. Raymond James & Associates increased its holdings in Power Integrations by 15.0% in the 4th quarter. Raymond James & Associates now owns 16,130 shares of the semiconductor company’s stock worth $1,324,000 after buying an additional 2,100 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Power Integrations in the 4th quarter valued at about $209,000. International Assets Investment Management LLC increased its holdings in shares of Power Integrations by 8,102.6% in the 4th quarter. International Assets Investment Management LLC now owns 22,147 shares of the semiconductor company’s stock worth $1,818,000 after buying an additional 21,877 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Power Integrations by 3.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,937 shares of the semiconductor company’s stock worth $2,130,000 after purchasing an additional 911 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in Power Integrations in the 4th quarter valued at $247,000.
Power Integrations Company Profile
(Get free report)
Power Integrations, Inc. designs, develops, manufactures and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuits used in high voltage power conversion worldwide. The company offers a range of AC to DC conversion products covering power supplies from less than one watt up to approximately 500 watts of power for mobile device chargers, consumer appliances, electric meters, LCD monitors, main and standby power supplies for desktop computers and televisions, LED lighting and various other consumer and industrial applications, as well as power conversion in high power applications such as industrial motors, solar and wind power systems, electric vehicles and high voltage DC transmission systems.
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