In a report released today, Christopher Rolland from Susquehanna reiterated a Hold rating on Power Integrations (POWI), with a price target of $62. The company’s shares opened today at $64.89.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 8.5% and a 60.8% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Maxlinear Inc, and Synaptics Inc.
Currently, the analyst consensus on Power Integrations is a Hold with an average price target of $59, a -9.1% downside from current levels. In a report released today, Deutsche Bank also maintained a Hold rating on the stock with a $65 price target.
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Power Integrations’ market cap is currently $1.99B and has a P/E ratio of 68.38. The company has a Price to Book ratio of 3.74.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.
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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 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.
