Stifel Nicolaus Reiterates Their Buy Rating on Power Integrations

By Ryan Adsit

Stifel Nicolaus analyst Tore Svanberg reiterated a Buy rating on Power Integrations (NASDAQ: POWI) on July 28 and set a price target of $85. The company’s shares closed on Friday at $72.55.

According to TipRanks.com, Svanberg is a 2-star analyst with an average return of 1.0% and a 75.0% success rate. Svanberg covers the Consumer Goods sector, focusing on stocks such as O2Micro International, Silicon Laboratories, and M/A-Com Technology.

Currently, the analyst consensus on Power Integrations is Moderate Buy and the average price target is $81.33, representing a 12.1% upside.

In a report issued on July 28, Drexel Hamilton also reiterated a Buy rating on the stock with a $84 price target.

Based on Power Integrations’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $108 million and quarterly net profit of $13.9 million. In comparison, last year the company earned revenue of $97.17 million and had a net profit of $11.27 million.

Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Raja Petrakian, the VP Operations of POWI sold 1,116 shares for a total of $70,364.

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Power Integrations, Inc. designs, develops and markets analog and mixed-signal integrated circuits and other electronic components and circuitry used in highvoltage 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.