Needham & Company Reiterates a 'Buy' on Power Integrations (POWI); Raising PT and Estimates on Robust Q1
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Price: $44.59 +1.00%
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade POWI Now!
Needham & Company reiterates a 'Buy' on Power Integrations (NASDAQ: POWI) price target raised from $43 to $48.
Analyst, Vernon Essi, Jr., said, "POWI reported robust Q1 revenue and EPS that came in well ahead of our estimates and consensus. The Q2 guide was similarly strong, and 9% above expectations as bookings strength that began late last year continued into the current quarter. POWI saw Q/Q strength in nearly all segments with Industrial and Consumer up double digits, Communications up modestly and Computer about flat. The recent initiatives at POWI improve the outlook as GM improvements continue and design wins gain momentum, developments that are provided further lift from the addition of CONCEPT’s high-power product portfolio. We increase our 2012E revenue/EPS from $303M/$1.60 to $326M/$1.85, and our 2013E revenue/EPS of $339M/$2.00 to $368M/$2.25."
For an analyst ratings summary and ratings history on Power Integrations click here. For more ratings news on Power Integrations click here.
Shares of Power Integrations closed at $37.21 yesterday, with a 52 week range of $28.83-$39.98.
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Analyst, Vernon Essi, Jr., said, "POWI reported robust Q1 revenue and EPS that came in well ahead of our estimates and consensus. The Q2 guide was similarly strong, and 9% above expectations as bookings strength that began late last year continued into the current quarter. POWI saw Q/Q strength in nearly all segments with Industrial and Consumer up double digits, Communications up modestly and Computer about flat. The recent initiatives at POWI improve the outlook as GM improvements continue and design wins gain momentum, developments that are provided further lift from the addition of CONCEPT’s high-power product portfolio. We increase our 2012E revenue/EPS from $303M/$1.60 to $326M/$1.85, and our 2013E revenue/EPS of $339M/$2.00 to $368M/$2.25."
For an analyst ratings summary and ratings history on Power Integrations click here. For more ratings news on Power Integrations click here.
Shares of Power Integrations closed at $37.21 yesterday, with a 52 week range of $28.83-$39.98.
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