Power Integrations (NASDAQ:POWI) Stock Rating Upgraded by StockNews.com

Power Integrations (NASDAQ:POWI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Separately, Benchmark reiterated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Power Integrations Trading Down 0.7 %

Power Integrations stock traded down $0.39 during mid-day trading on Wednesday, reaching $55.35. The company’s stock had a trading volume of 258,523 shares, compared to its average volume of 412,501. Power Integrations has a twelve month low of $54.04 and a twelve month high of $79.13. The business has a 50 day moving average price of $60.05 and a 200-day moving average price of $61.83. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 97.11, a PEG ratio of 4.08 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, equities analysts expect that Power Integrations will post 0.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total value of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares in the company, valued at $36,384,121.28. This represents a 2.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Radu Barsan sold 10,393 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the sale, the vice president now directly owns 45,295 shares of the company’s stock, valued at approximately $2,993,093.60. This represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,544 shares of company stock valued at $2,433,105 in the last three months. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of POWI. Smartleaf Asset Management LLC lifted its holdings in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc lifted its stake in Power Integrations by 1,618.2% during the fourth quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 534 shares during the last quarter. UMB Bank n.a. grew its position in Power Integrations by 43.9% in the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after buying an additional 192 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 385 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Power Integrations during the 4th quarter worth $51,000.

Power Integrations Company Profile

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.