Power Integrations (POWI) Downgraded by ValuEngine

ValuEngine cut shares of Power Integrations (NASDAQ:POWI) from a hold rating to a sell rating in a report published on Saturday.

A number of other equities research analysts also recently issued reports on POWI. TheStreet downgraded Power Integrations from a b- rating to a c+ rating in a research report on Wednesday, October 24th. Zacks Investment Research downgraded Power Integrations from a hold rating to a sell rating in a research report on Tuesday, October 9th. Loop Capital downgraded Power Integrations from a buy rating to a hold rating in a research report on Friday. BidaskClub raised Power Integrations from a strong sell rating to a sell rating in a research report on Tuesday, October 16th. Finally, Stifel Nicolaus cut Power Integrations from a buy rating to a hold rating and reduced their price objective for the stock from $85.00 to $75.00 in a research note on Wednesday, September 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $82.20.

POWI stock opened at $52.97 on Friday. Power Integrations has a 12-month low of $47.35 and a 12-month high of $82.95. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 23.23 and a beta of 0.91.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. Power Integrations had a return on equity of 13.46% and a net margin of 7.04%. The firm had revenue of $110.09 million during the quarter, compared to the consensus estimate of $113.95 million. As a group, equities research analysts forecast that Power Integrations will post 2.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, November 30th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, November 29th. Power Integrations’s dividend payout ratio is presently 28.07%.

In other Power Integrations news, VP Doug Bailey sold 500 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $72.95, for a total transaction of $36,475.00. Following the transaction, the vice president now owns 53,708 shares in the company, valued at $3,917,998.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Balakrishnan S. Iyer sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $73.50, for a total value of $183,750.00. Following the transaction, the director now owns 17,240 shares in the company, valued at approximately $1,267,140. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,314 shares of company stock worth $828,001. 4.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. OLD National Bancorp IN acquired a new position in shares of Power Integrations during the third quarter worth about $625,000. Russell Investments Group Ltd. lifted its stake in shares of Power Integrations by 4.4% during the third quarter. Russell Investments Group Ltd. now owns 139,963 shares of the semiconductor company’s stock worth $8,845,000 after purchasing an additional 5,849 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Power Integrations by 22.2% during the third quarter. Xact Kapitalforvaltning AB now owns 6,051 shares of the semiconductor company’s stock worth $382,000 after purchasing an additional 1,100 shares in the last quarter. Scout Investments Inc. lifted its stake in shares of Power Integrations by 2.4% during the third quarter. Scout Investments Inc. now owns 59,440 shares of the semiconductor company’s stock worth $3,757,000 after purchasing an additional 1,372 shares in the last quarter. Finally, United Services Automobile Association lifted its stake in shares of Power Integrations by 88.9% during the second quarter. United Services Automobile Association now owns 98,924 shares of the semiconductor company’s stock worth $7,226,000 after purchasing an additional 46,555 shares in the last quarter. Institutional investors own 97.57% of the company’s stock.

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 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, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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Analyst Recommendations for Power Integrations (NASDAQ:POWI)

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