Benchmark Co. analyst David Williams reiterated a Buy rating on Power Integrations today and set a price target of $55.00.
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David Williams has given his Buy rating due to a combination of factors that highlight Power Integrations’ strong position and future potential. Despite the recent departure of their long-time CFO, the company has maintained its guidance for the third quarter, indicating stability and confidence in its operations. The interim CFO, Eric Verity, is expected to ensure a smooth transition, minimizing any potential disruptions.
Furthermore, Power Integrations continues to demonstrate solid growth and strong cash flow, even amidst macroeconomic challenges and tariff pressures. The company’s focus on expanding into higher-value markets such as automotive and AI data centers, supported by its advanced GaN technology, positions it well for future growth. The leadership of the new CEO, Dr. Jennifer Lloyd, combined with the anticipated appointment of a new CFO, is seen as a catalyst for driving the company towards capturing more market share in the industrial and automotive sectors.
According to TipRanks, Williams is a 5-star analyst with an average return of 34.0% and a 57.50% success rate. Williams covers the Technology sector, focusing on stocks such as IonQ, Plexus, and Power Integrations.