Benchmark Co. analyst David Williams reiterated a Buy rating on Power Integrations (POWI – Research Report) today and set a price target of $95.00. The company’s shares closed yesterday at $90.01.
Williams covers the Technology sector, focusing on stocks such as ON Semiconductor, Power Integrations, and Alpha and Omega. According to TipRanks, Williams has an average return of 18.8% and a 59.47% success rate on recommended stocks.
Power Integrations has an analyst consensus of Moderate Buy, with a price target consensus of $92.83, implying a 3.13% upside from current levels. In a report released on July 25, Susquehanna also maintained a Buy rating on the stock with a $105.00 price target.
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Based on Power Integrations’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $106.3 million and a net profit of $6.88 million. In comparison, last year the company earned a revenue of $182.15 million and had a net profit of $46.25 million
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of POWI in relation to earlier this year.
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Power Integrations, Inc. engages in the design, development and marketing of analog and mixed-signal integrated circuits and other electronic components and circuitry used in high voltage power conversion. Its products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use. The company was founded by Steven J. Sharp on March 25, 1988 and is headquartered in San Jose, CA.
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