Cowen & Co. Maintains Market Perform Rating for Power Integrations: Here's What You Need To Know

Cowen & Co. has decided to maintain its Market Perform rating of Power Integrations POWI and raise its price target from $65.00 to $85.00.

Shares of Power Integrations are trading down 5.63% over the last 24 hours, at $83.02 per share.

A move to $85.00 would account for a 2.38% increase from the current share price.

About Power Integrations

Power Integrations Inc is a provider of analog and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in mobile phones, computers, entertainment and networking equipment, appliances, industrial controls, and light-emitting diodes. The firm's portfolio of products includes power-conversion products, insulated-gate bipolar transistors, and switches. Roughly half of the firm's revenue is generated in China and Hong Kong, and the rest comes from Taiwan, Korea, Europe, Japan, the United States, and other countries across the world.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.