The stock of Power Integrations Inc (NASDAQ:POWI) hit a new 52-week high and has $109.26 target or 69.00% above today’s $64.65 share price. The 6 months bullish chart indicates low risk for the $1.85B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $109.26 price target is reached, the company will be worth $1.28 billion 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 97,497 shares traded hands. Power Integrations Inc (NASDAQ:POWI) has risen 30.96% since April 5, 2016 and is uptrending. It has outperformed by 29.01% 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 rating was maintained by Stifel Nicolaus on Friday, November 13 with “Buy”. The firm has “Buy” rating by Sidoti given on Friday, January 8. Stifel Nicolaus maintained it with “Buy” rating and $56 target price in Thursday, July 30 report. As per Thursday, October 29, the company rating was maintained by Northland Capital. The company was downgraded on Monday, November 23 by Sidoti. The stock of Power Integrations Inc (NASDAQ:POWI) earned “Neutral” rating by Sidoti on Thursday, June 23. The firm earned “Outperform” rating on Thursday, July 30 by Northland Capital. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 13.
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 improved, 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.
Vanguard Gru holds 0.01% or 2.21 million shares in its portfolio. Ladenburg Thalmann Ser Incorporated has 877 shares for 0% of their US portfolio. Crawford Investment Counsel has 0.09% invested in the company for 43,290 shares. Fdx holds 0.02% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 7,145 shares. State Of Wisconsin Inv Board accumulated 0.05% or 241,649 shares. Ahl Prtnrs Llp holds 0.05% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 18,486 shares. Swiss National Bank reported 46,400 shares or 0% of all its holdings. Dimensional Fund Limited Partnership owns 735,222 shares or 0.02% of their US portfolio. Cornerstone Cap Ltd Co, a New York-based fund reported 4,058 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.01% invested in the company for 17,529 shares. The Massachusetts-based Btim has invested 0.3% in Power Integrations Inc (NASDAQ:POWI). Croft holds 0.1% or 8,600 shares in its portfolio. Morgan Stanley, a New York-based fund reported 40,810 shares. Clearbridge accumulated 0.14% or 145,529 shares. The Pennsylvania-based Nationwide Fund has invested 0% in Power Integrations Inc (NASDAQ:POWI).
Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 38 selling transactions for $17.37 million net activity. $21,862 worth of Power Integrations Inc (NASDAQ:POWI) was sold by Sutherland Ben on Tuesday, May 10. The insider BALAKRISHNAN BALU sold 40,000 shares worth $2.54M. $25,940 worth of Power Integrations Inc (NASDAQ:POWI) was sold by Bailey Doug on Thursday, June 9. Shares for $200,000 were sold by BRATHWAITE NICHOLAS. NAYYAR SANDEEP also sold $26,313 worth of Power Integrations Inc (NASDAQ:POWI) shares. $9,350 worth of Power Integrations Inc (NASDAQ:POWI) was sold by Barsan Radu. $306,677 worth of Power Integrations Inc (NASDAQ:POWI) was sold by Ademmer Wolfgang.
More news for Power Integrations Inc (NASDAQ:POWI) were recently published by: Businesswire.com, which released: “Power Integrations Executives to Speak at Upcoming Investor Conferences” on November 07, 2016. Businesswire.com‘s article titled: “Power Integrations Appoints Thomas Simonis as VP of High-Power Products” and published on July 25, 2016 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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