The stock of Power Integrations Inc (NASDAQ:POWI) reached all time high today, Nov, 24 and still has $73.98 target or 8.00% above today’s $68.50 share price. This indicates more upside for the $2.02B company. This technical setup was reported by Barchart.com. If the $73.98 PT is reached, the company will be worth $161.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.81% or $0.55 on November 23, hitting $68.5. About 137,671 shares traded hands. Power Integrations Inc (NASDAQ:POWI) has risen 47.72% since April 22, 2016 and is uptrending. It has outperformed by 42.32% the S&P500.
Analysts await Power Integrations Inc (NASDAQ:POWI) to report earnings on February, 2. They expect $0.43 EPS, down 12.24% or $0.06 from last year’s $0.49 per share. POWI’s profit will be $12.68 million for 39.83 P/E if the $0.43 EPS becomes a reality. After $0.53 actual EPS reported by Power Integrations Inc for the previous quarter, Wall Street now forecasts -18.87% negative 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 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, July 30. The firm has “Outperform” rating by Northland Capital given on Thursday, October 29. The stock has “Outperform” rating given by Northland Capital on Thursday, July 30. The rating was downgraded by Sidoti to “Neutral” on Thursday, June 23. The rating was downgraded by Sidoti to “Neutral” on Monday, November 23. Stifel Nicolaus maintained it with “Buy” rating and $70 target price in Thursday, October 13 report. The firm has “Buy” rating given on Friday, November 13 by Stifel Nicolaus. Sidoti upgraded Power Integrations Inc (NASDAQ:POWI) on Friday, January 8 to “Buy” rating.
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 decreased to 1.15 in 2016 Q2. Its down 0.23, from 1.38 in 2016Q1. The ratio turned negative, 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.
Kennedy Management Inc last reported 33,771 shares in the company. The United Kingdom-based Blackrock has invested 0% in Power Integrations Inc (NASDAQ:POWI). Keybank Association Oh owns 6,262 shares or 0% of their US portfolio. Trust Communication Of Vermont last reported 85 shares in the company. Parametric Port Associate Limited Liability Company holds 0% of its portfolio in Power Integrations Inc (NASDAQ:POWI) for 46,996 shares. Kalmar De holds 0.43% or 194,666 shares in its portfolio. Polar Capital Ltd Liability Partnership last reported 294,242 shares in the company. The Ohio-based Bahl & Gaynor Inc has invested 0.01% in Power Integrations Inc (NASDAQ:POWI). Tower Cap Ltd Liability Company (Trc) holds 0.01% or 1,048 shares in its portfolio. Glenmede Trust Co Na reported 1,684 shares or 0% of all its holdings. Ladenburg Thalmann Fincl Svcs holds 877 shares or 0% of its portfolio. Susquehanna Intll Gp Llp has 0% invested in the company for 8,400 shares. Eagle Asset Mgmt Inc accumulated 79,060 shares or 0.03% of the stock. Stephens Ar owns 1,435 shares or 0% of their US portfolio. Wealthtrust last reported 270 shares in the company.
Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 52 sales for $21.84 million net activity. $578,397 worth of Power Integrations Inc (NASDAQ:POWI) was sold by BALAKRISHNAN BALU on Monday, August 22. Sutherland Ben sold $303,000 worth of stock. Bailey Doug also sold $19,648 worth of Power Integrations Inc (NASDAQ:POWI) on Thursday, May 26. The insider NAYYAR SANDEEP sold $371,506. Matthews David MH sold $7,221 worth of stock. SHARP STEVEN sold 10,000 shares worth $652,004. On Monday, November 7 Barsan Radu sold $12,058 worth of the stock or 186 shares.
Another recent and important Power Integrations Inc (NASDAQ:POWI) news was published by Businesswire.com which published an article titled: “Power Integrations Appoints Thomas Simonis as VP of High-Power Products” on July 25, 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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