Power Integrations (NASDAQ:POWI) Receives Buy Rating from Benchmark

Power Integrations (NASDAQ:POWI)‘s stock had its “buy” rating reissued by Benchmark in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $78.00 price target on the semiconductor company’s stock. Benchmark’s price objective would suggest a potential upside of 28.40% from the company’s current price.

Other research analysts also recently issued research reports about the company. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Susquehanna lowered their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Stock Down 2.8 %

POWI opened at $60.75 on Friday. Power Integrations has a twelve month low of $56.63 and a twelve month high of $85.00. The company has a 50-day simple moving average of $62.59 and a 200 day simple moving average of $63.40. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 92.05, a P/E/G ratio of 4.06 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. Sell-side analysts anticipate that Power Integrations will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Power Integrations news, VP Clifford Walker sold 2,472 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the completion of the transaction, the vice president now owns 142,145 shares in the company, valued at approximately $8,635,308.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the transaction, the vice president now owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. The trade was a 9.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,680 shares of company stock worth $2,420,526. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Power Integrations

Several hedge funds have recently modified their holdings of the stock. UMB Bank n.a. increased its stake in shares of Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 205 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after acquiring an additional 207 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Power Integrations by 2.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock valued at $523,000 after acquiring an additional 230 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Power Integrations by 5.8% in the 3rd quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 255 shares in the last quarter.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.