Stifel Nicolaus Remains a Buy on Power Integrations (POWI)
In a report released today, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Power Integrations, with a price target of $56.00.
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Svanberg covers the Technology sector, focusing on stocks such as Microchip, Ambarella, and Texas Instruments. According to TipRanks, Svanberg has an average return of 23.9% and a 63.38% success rate on recommended stocks.
In addition to Stifel Nicolaus, Power Integrations also received a Buy from Benchmark Co.’s David Williams in a report issued today. However, on January 31, TipRanks – OpenAI reiterated a Hold rating on Power Integrations (NASDAQ: POWI).
Based on Power Integrations’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $118.92 million and a GAAP net loss of $1.36 million. In comparison, last year the company earned a revenue of $115.84 million and had a net profit of $14.29 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of POWI in relation to earlier this year. Earlier this month, Sunil Gupta, the VP Operations of POWI sold 2,168.00 shares for a total of $98,817.44.
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