Susquehanna analyst Christopher Rolland reiterated a Hold rating on Power Integrations (POWI) today and set a price target of $72. The company’s shares closed yesterday at $78.01, close to its 52-week high of $81.37.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 12.4% and a 67.3% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Cypress Semicon.
Power Integrations has an analyst consensus of Hold, with a price target consensus of $61.33, representing a -21.4% downside. In a report issued on April 22, Deutsche Bank also maintained a Hold rating on the stock with a $70 price target.
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Based on Power Integrations’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $22.74 million. In comparison, last year the company had a net profit of $14.2 million.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Alan Bickell, a Director at POWI sold 1,666 shares for a total of $118,469.
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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.
