The stock of Power Integrations Inc (NASDAQ:POWI) hit a new 52-week high and has $106.18 target or 65.00% above today’s $64.35 share price. The 7 months bullish chart indicates low risk for the $1.86 billion company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $106.18 price target is reached, the company will be worth $1.21B 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 90,667 shares traded hands. Power Integrations Inc (NASDAQ:POWI) has risen 32.83% since March 28, 2016 and is uptrending. It has outperformed by 28.12% the S&P500.
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 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Stifel Nicolaus given on Friday, November 13. The firm earned “Outperform” rating on Thursday, October 29 by Northland Capital. Sidoti downgraded the stock to “Neutral” rating in Monday, November 23 report. As per Friday, January 8, the company rating was upgraded by Sidoti. Stifel Nicolaus maintained the shares of POWI in a report on Thursday, October 13 with “Buy” rating. The stock has “Outperform” rating given by Northland Capital on Thursday, July 30. The stock of Power Integrations Inc (NASDAQ:POWI) has “Buy” rating given on Thursday, July 30 by Stifel Nicolaus. The firm has “Neutral” rating given on Thursday, June 23 by Sidoti.
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 is positive, 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.
Ubs Asset Mngmt Americas has 13,371 shares for 0% of their US portfolio. The California-based Globeflex L P has invested 0.06% in Power Integrations Inc (NASDAQ:POWI). Moreover, Parkside Retail Bank has 0% invested in Power Integrations Inc (NASDAQ:POWI) for 81 shares. Blackrock Ltd Liability owns 13,610 shares or 0% of their US portfolio. State Of Tennessee Treasury Department, a Tennessee-based fund reported 22,736 shares. Retail Bank Of America Corporation De accumulated 334,884 shares or 0% of the stock. Ladenburg Thalmann Financial Services, a Florida-based fund reported 877 shares. Kennedy Management holds 0.03% or 33,771 shares in its portfolio. Renaissance Tech Limited Liability holds 0.03% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 312,800 shares. Wellington Mngmt Group Incorporated Ltd Liability Partnership holds 0.01% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 536,795 shares. Wells Fargo And Mn last reported 105,262 shares in the company. Manufacturers Life Com The last reported 18,416 shares in the company. Polar Llp has 294,242 shares for 0.28% of their US portfolio. Gam Ag reported 81,236 shares or 0.06% of all its holdings. State Street Corporation, a Massachusetts-based fund reported 651,760 shares.
Insider Transactions: Since May 3, 2016, the stock had 0 buys, and 43 selling transactions for $15.07 million net activity. $355,578 worth of Power Integrations Inc (NASDAQ:POWI) shares were sold by BALAKRISHNAN BALU. On Friday, July 29 the insider Sutherland Ben sold $128,462. $24,160 worth of Power Integrations Inc (NASDAQ:POWI) was sold by Bailey Doug on Tuesday, May 10. On Tuesday, May 24 Barsan Radu sold $9,350 worth of the stock or 187 shares. $51,631 worth of shares were sold by Petrakian Raja on Thursday, May 5. Another trade for 4,000 shares valued at $233,577 was made by Bickell Alan on Thursday, August 25. The insider NAYYAR SANDEEP sold $26,313.
Another recent and important Power Integrations Inc (NASDAQ:POWI) news was published by Rttnews.com which published an article titled: “Power Integrations Inc. Bottom Line Climbs 31% In Q3” on October 27, 2016.
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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