Power Integrations (NASDAQ:POWI) Issues Earnings Results, Beats Expectations By $0.02 EPS

The stock was sold at an average price of $74.58, for a total transaction of $271,694.94. Firsthand Cap Mngmt has invested 0.38% of its portfolio in Power Integrations, Inc. For full details of this trade please read the SEC's document at your disposal here.

Voya Investment Management Llc decreased Red Hat Inc (NYSE:RHT) stake by 40,002 shares to 967,154 valued at $107.22M in 2017Q3. Alibaba Group Holding now has $462.62B valuation. The number of shares now owned by investors are 33.35 mln. Medtronic plc (NYSE:MDT) has risen 4.04% since February 8, 2017 and is uptrending.

Since January 1, 0001, it had 0 buys, and 7 insider sales for $2.07 million activity. 657 shares were sold by WALKER CLIFFORD, worth $43,634. Shares for $111,935 were sold by Bailey Doug. During the same quarter last year, the company earned $0.67 earnings per share. research analysts predict that Power Integrations Inc will post 2.4 earnings per share for the current fiscal year. $120,475 worth of stock was sold by Barsan Radu on Monday, January 29. (NASDAQ:POWI) shares. Matthews David MH sold $48,791 worth of stock or 736 shares. Another trade for 738 shares valued at $49,083 was sold by Sutherland Ben. Power Integrations's payout ratio is now 62.22%. (NASDAQ:POWI) has "Outperform" rating given on Thursday, July 30 by Northland Capital.

Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The firm has a market cap of $1,855.81, a PE ratio of 69.56 and a beta of 1.17. The firm offers a range of alternating current to direct current power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lamps, and other consumer and industrial applications. It has a 67.78 P/E ratio. It also provides transcatheter heart valves, percutaneous coronary intervention stents, surgical valve replacement and fix products, endovascular stent grafts, peripheral vascular products, and products to treat superficial and deep venous diseases.

Investors sentiment decreased to 0.86 in 2017 Q3. They expect $-1.68 earnings per share, up 9.68% or $0.18 from last year's $-1.86 per share. 24 funds opened positions while 59 raised stakes. Quantitative Management Ltd Liability Company reported 0.44% stake. Fiera Cap Corporation reported 544,773 shares or 0.19% of all its holdings.

More notable recent Power Integrations, Inc. (NASDAQ:POWI). Rice Hall James And Associates Ltd stated it has 234,449 shares or 0.76% of all its holdings. Grandeur Peak Global Advisors Llc sold 6,700 shares as Power Integrations Inc (POWI)'s stock declined 0.68%. (NASDAQ:POWI). Renaissance Tech Lc accumulated 329,000 shares. 15,474 were accumulated by Arizona State Retirement Systems. Moreover, Tiaa Cref Investment Mgmt Limited Liability Corporation has 0% invested in Power Integrations, Inc. (NASDAQ:POWI). Strs Ohio stated it has 55,500 shares or 0.02% of all its holdings. The Minnesota-based Disciplined Growth Investors Inc Mn has invested 1.86% in the stock. (NASDAQ:POWI). Swiss National Bank reported 0% stake. (NASDAQ:POWI). Neuberger Berman Group Inc Ltd has 2.93M shares for 0.27% of their portfolio.

In related news, insider Balu Balakrishnan sold 65,000 shares of the business's stock in a transaction on Friday, July 14th. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 2.2, suggesting the market has given up on the stock.

Power Integrations (NASDAQ:POWI) released its quarterly earnings data on Thursday, February 1st. It has outperformed by 24.55% the S&P500. Drexel Hamilton restated a "buy" rating and issued a $84.00 price objective on shares of Power Integrations in a research report on Friday, October 27th. Therefore 62% are positive. Power Integrations has $88.0 highest and $50 lowest target. The average 12-month target price among brokerages that have issued a report on the stock in the previous year is $81.00. Power Integrations had 22 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, February 1 with "Buy". The stock of Texas Roadhouse, Inc. The firm has "Buy" rating given on Friday, January 8 by Sidoti. Drexel Hamilton maintained the shares of POWI in report on Friday, July 28 with "Buy" rating.

A number of equities research analysts have recently weighed in on the stock. The rating was downgraded by Sidoti on Friday, February 2 to "Hold". Following the sale, the vice president now owns 28,825 shares in the company, valued at $2,149,768.50. Stifel Nicolaus maintained the shares of POWI in report on Thursday, October 13 with "Buy" rating.

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