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Power Integrations (POWI) Receives a New Rating from a Top Analyst

In a report released today, Christopher Rolland from Susquehanna upgraded Power Integrations (POWIResearch Report) to Buy, with a price target of $100.00. The company’s shares closed last Friday at $83.11.

According to TipRanks.com, Rolland is a top 25 analyst with an average return of 26.6% and a 75.1% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

Power Integrations has an analyst consensus of Hold, with a price target consensus of $92.50.

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Power Integrations’ market cap is currently $5.01B and has a P/E ratio of 31.08.

Based on the recent corporate insider activity of 80 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 high voltage 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. The company was founded by Steven J. Sharp on March 25, 1988 and is headquartered in San Jose, CA.

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