Needham & Company Raises Price Target on Power Integrations (POWI)

By admin | 7 years ago

Research analysts at Needham & Company raised their target price on shares of Power Integrations (NASDAQ: POWI) from $43.00 to $48.00 in a report released on Friday. The firm currently has a “buy” rating on the stock.

Power Integrations opened at 41.81 on Friday. Power Integrations has a 52-week low of $28.83 and a 52-week high of $40.83. The company has a market cap of $1.180 billion and a price-to-earnings ratio of 39.44.

Power Integrations last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. The company’s quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts predict that Power Integrations will post $0.51 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Power Integrations in a research note to investors on Monday, April 30th. Analysts at Zacks downgraded shares of Power Integrations from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, February 8th.

Power Integrations, Inc. designs, develops, manufactures, and markets high-voltage, analog and mixed-signal integrated circuits products (ICs).

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