Susquehanna analyst Christopher Rolland lowered the firm’s price target on Power Integrations to $100 from $105 and keeps a Positive rating on the shares. The frm said Power Integrations reported in-line 2Q results, but 3Q guidance missed as demand was impacted by a slower than expected recovery and as channel inventory drains more slowly.
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Read More on POWI:
- Power Integrations sees Q3 revenue $130M, plus or minus $5M, consensus $149.54M
- Power Integrations reports Q2 adjusted EPS 36c, consensus 34c
- Power Integrations (POWI) Q2 Earnings Cheat Sheet
- Power Integrations price target raised to $105 from $100 at Susquehanna
- Power Integrations price target raised to $110 from $95 at Stifel
