Power Integrations (NASDAQ:POWI) PT Lowered to $80.00

Power Integrations (NASDAQ:POWI) had its price target reduced by investment analysts at Susquehanna from $95.00 to $80.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective would indicate a potential upside of 32.54% from the company’s current price.

Several other brokerages also recently weighed in on POWI. TD Cowen decreased their target price on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 target price (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Benchmark decreased their price target on Power Integrations from $90.00 to $78.00 and set a “buy” rating for the company 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 a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $76.33.

Power Integrations Stock Down 0.9 %

POWI traded down $0.56 during trading on Thursday, hitting $60.36. 465,216 shares of the stock were exchanged, compared to its average volume of 427,034. Power Integrations has a 1-year low of $59.63 and a 1-year high of $89.68. The stock has a fifty day moving average price of $71.66 and a two-hundred day moving average price of $72.15. The firm has a market capitalization 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 (NASDAQ:POWI) last announced its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $106.20 million for the quarter, compared to analysts’ expectations of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.82%. The company’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. Analysts predict that Power Integrations will post 0.73 EPS for the current year.

Insiders Place Their Bets

In related news, VP Radu Barsan sold 1,837 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $76.56, for a total value of $140,640.72. Following the completion of the sale, the vice president now owns 40,945 shares in the company, valued at $3,134,749.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Power Integrations news, CFO Sandeep Nayyar sold 4,839 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $77.25, for a total transaction of $373,812.75. Following the sale, the chief financial officer now directly owns 90,198 shares in the company, valued at $6,967,795.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Radu Barsan sold 1,837 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $76.56, for a total value of $140,640.72. Following the completion of the sale, the vice president now directly owns 40,945 shares in the company, valued at approximately $3,134,749.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,100 shares of company stock worth $2,481,667. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Power Integrations

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new stake in shares of Power Integrations in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its position in Power Integrations by 369.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares during the last quarter. Mather Group LLC. acquired a new stake in Power Integrations during the first quarter worth approximately $51,000. Fidelis Capital Partners LLC purchased a new stake in Power Integrations in the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Power Integrations during the 2nd quarter worth $63,000.

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.