The stock of Power Integrations Inc (NASDAQ:POWI) hit a new 52-week high and has $92.64 target or 46.00% above today’s $63.45 share price. The 5 months bullish chart indicates low risk for the $1.88 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $92.64 price target is reached, the company will be worth $864.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 239,635 shares traded hands or 84.15% up from the average. Power Integrations Inc (NASDAQ:POWI) has risen 37.53% since February 29, 2016 and is uptrending. It has outperformed by 25.31% the S&P500.
Analysts await Power Integrations Inc (NASDAQ:POWI) to report earnings on October, 26. They expect $0.46 EPS, up 4.55% or $0.02 from last year’s $0.44 per share. POWI’s profit will be $13.63 million for 34.48 P/E if the $0.46 EPS becomes a reality. After $0.43 actual EPS reported by Power Integrations Inc for the previous quarter, Wall Street now forecasts 6.98% EPS growth.
Power Integrations Inc (NASDAQ:POWI) Ratings Coverage
Out of 3 analysts covering Power Integrations (NASDAQ:POWI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Power Integrations has been the topic of 9 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, November 13. The rating was upgraded by Sidoti on Friday, January 8 to “Buy”. The firm earned “Buy” rating on Thursday, July 30 by Stifel Nicolaus. As per Thursday, June 23, the company rating was downgraded by Sidoti. On Thursday, July 30 the stock rating was maintained by Northland Capital with “Outperform”. The rating was maintained by Northland Capital on Thursday, October 29 with “Outperform”. Sidoti downgraded the stock to “Neutral” rating in Monday, November 23 report.
According to Zacks Investment Research, “Power Integrations, Inc. designs, develops, manufactures and markets proprietary, high-voltage, analog integrated circuits for use primarily in alternating current to direct current power conversion. The company has targeted high-volume power supply markets including: the cellular telephone market, the personal computer market, the cable and direct broadcast satellite decoder box market, and various other consumer and industrial electronics markets.”
Insitutional Activity: The institutional sentiment increased to 1.38 in Q2 2016. Its up 0.20, from 1.18 in 2016Q1. The ratio increased, as 11 funds sold all Power Integrations Inc shares owned while 57 reduced positions. 30 funds bought stakes while 64 increased positions. They now own 27.49 million shares or 0.74% more from 27.29 million shares in 2016Q1.
Lpl Financial Ltd Llc, a California-based fund reported 10,833 shares. The Minnesota-based Sit Assoc Incorporated has invested 0% in Power Integrations Inc (NASDAQ:POWI). Fifth Third Retail Bank reported 1,018 shares or 0% of all its holdings. Texas Permanent School Fund has 22,023 shares for 0.01% of their US portfolio. Teachers Retirement Sys Of The State Of Kentucky owns 12,000 shares or 0.01% of their US portfolio. Da Davidson & Communications owns 2,162 shares or 0% of their US portfolio. Geode Llc last reported 0.01% of its portfolio in the stock. Pacad Ltd has 1,900 shares for 0.01% of their US portfolio. Impax Asset Mgmt Limited accumulated 716,731 shares or 1.79% of the stock. Schwab Charles Management Inc last reported 0.01% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.01% of its portfolio in Power Integrations Inc (NASDAQ:POWI). Suntrust Banks holds 0% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 4,959 shares. Kennedy Capital Management has 0.03% invested in the company for 33,771 shares. Moreover, Keybank National Association Oh has 0% invested in Power Integrations Inc (NASDAQ:POWI) for 6,262 shares. The Kansas-based Waddell Reed Financial has invested 0.04% in Power Integrations Inc (NASDAQ:POWI).
Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 38 selling transactions for $10.64 million net activity. Ademmer Wolfgang also sold $306,677 worth of Power Integrations Inc (NASDAQ:POWI) shares. On Thursday, August 11 the insider BALAKRISHNAN BALU sold $288,023. On Thursday, August 25 Bickell Alan sold $233,577 worth of the stock or 4,000 shares. 400 shares were sold by Bailey Doug, worth $19,648. Shares for $21,862 were sold by Sutherland Ben. $200,000 worth of Power Integrations Inc (NASDAQ:POWI) was sold by BRATHWAITE NICHOLAS on Tuesday, May 24. $26,313 worth of Power Integrations Inc (NASDAQ:POWI) was sold by NAYYAR SANDEEP.
More news for Power Integrations Inc (NASDAQ:POWI) were recently published by: Businesswire.com, which released: “Power Integrations Appoints Thomas Simonis as VP of High-Power Products” on July 25, 2016. Reuters.com‘s article titled: “Power Integrations says wins $139.8 mln in damages from Fairchild…” and published on December 18, 2015 is yet another important article.
POWI Company Profile
Power Integrations, Inc., incorporated on August 12, 1997, 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’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use. The Company’s ICs used in alternating current (AC)-direct current (DC) power supplies convert high-voltage AC to the low-voltage DC required by electronic devices. The Company’s power supplies are used with various electronic products, including mobile phones computers entertainment and networking equipment appliances utility meters industrial controls and light emitting diodes (LED) lights. The Firm sells its products to original equipment manufacturers and merchant power supply manufacturers through its network. The Firm has presence in various countries, including the United States, Switzerland, the United Kingdom, Germany, Italy, India, China, Japan, Korea, Philippines, Singapore and Taiwan.
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