Power Integrations (NASDAQ:POWI – Free Report) Susquehanna cut its price target from $95.00 to $80.00 in a research report published Thursday morning, Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.
A number of other brokerage firms have also commented on POWI. Deutsche Bank Aktiengesellschaft cut their price target on Power Integrations from $73.00 to $68.00 and gave the company a “hold” rating in a research report on Wednesday. TD Cowen cut their price target on shares of Power Integrations from $80.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday. 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 5. Finally, 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 report on Wednesday. One equities research analyst has rated the stock with a “sell” rating, three have given a “hold” rating and three have given the company’s stock a “buy” rating. Based on data from MarketBeat, Power Integrations currently has an average rating of “Hold” and an average price target of $76.33.
Read our latest stock analysis on POWI
Performance integrations Price Performance
POWI shares traded $0.56 lower during trading hours on Thursday, reaching $60.36. 465,216 shares of the company traded hands, compared to an average volume of 427,034. Power Integrations has a 52-week low of $59.63 and a 52-week high of $89.68. The stock’s 50-day moving average is $71.66 and its 200-day moving average is $72.15. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 65.61, a PEG ratio of 3.58 and a beta of 1.11.
Power Integrations (NASDAQ:POWI – Free Report) last released its quarterly earnings results on Tuesday, August 6. The semiconductor company reported earnings per share (EPS) of $0.28 for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a return on equity of 4.82% and a net margin of 10.38%. The company’s revenue for the quarter decreased 13.8% compared to the year-ago quarter. In the same quarter last year, the company generated earnings per share of $0.27. On average, research analysts expect that Power Integrations will report earnings per share of $0.73 for the current year.
Dividend announcement from Power Integrations
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will receive a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a yield of 1.33%. The ex-dividend date is Friday, August 30th. Power Integrations’ payout ratio is 86.96%.
Insider buying and selling at Power Integrations
In other news, Vice President Radu Barsan sold 1,837 shares of Power Integrations stock in a transaction that occurred on Monday, May 13. The shares were sold at an average price of $76.56, for a total value of $140,640.72. Following the transaction, the vice president now directly owns 40,945 shares of the company’s stock, valued at $3,134,749.20. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other news, Vice President Yang Chiah Yee sold 1,412 shares of the company’s stock in a transaction that occurred on Monday, June 17. The shares were sold at an average price of $73.75, for a total value of $104,135.00. Following the completion of the transaction, the vice president now directly owns 45,436 shares of the company’s stock, valued at $3,350,905. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice President Radu Barsan sold 1,837 shares of the company’s stock in a transaction dated Monday, May 13. The shares were sold at an average price of $76.56, for a total value of $140,640.72. After the transaction, the vice president now owns 40,945 shares of the company’s stock, valued at approximately $3,134,749.20. The disclosure of this sale can be found here. In the last 90 days, insiders sold 32,100 shares of the company’s stock, valued at $2,481,667. Company insiders own 1.70% of the company’s stock.
Institutional trading in power integrations
A number of institutional investors have recently changed their holdings in the company. GAMMA Investing LLC acquired a new stake in Power Integrations in the 4th quarter valued at around $26,000. SRS Capital Advisors Inc. increased its holdings in Power Integrations by 369.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares in the last quarter. Mather Group LLC. acquired a new stake in Power Integrations in the 1st quarter valued at $51,000. Fidelis Capital Partners LLC acquired a new stake in Power Integrations in the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Power Integrations in the 2nd quarter valued at around $63,000.
About Power Integrations
(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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