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Investing.com - Benchmark lowered its price target on Power Integrations (NASDAQ:POWI) to $50.00 from $55.00 while maintaining a Buy rating on Thursday. The stock currently trades at $36.65, near its 52-week low of $34.55, suggesting potential upside according to InvestingPro Fair Value estimates, which indicate the company is currently undervalued.
The research firm cited disappointing guidance following Power Integrations’ third-quarter earnings report but remains optimistic about the company’s long-term prospects. Despite current challenges, Benchmark noted that full-year revenue is still expected to be up 6% year-over-year. This aligns with the company’s trailing twelve-month revenue growth of 10.5%, as reported in InvestingPro data.
Benchmark expressed confidence that tariff-driven inventory issues should largely resolve by year-end, potentially setting up "a solid growth trajectory" as Power Integrations enters the new year.
The firm highlighted Power Integrations’ recently announced high-voltage GaN (gallium nitride) products as "a significant advancement in wide bandgap semiconductor technology" that will compete with silicon carbide across industrial, automotive, and data center applications.
Benchmark described Power Integrations’ GaN platform as "one of the most innovative in the industry," noting that its recent 1700V announcement represents the highest power GaN device currently available in the market.
In other recent news, Power Integrations Inc. announced its third-quarter 2025 earnings, which aligned with analyst expectations for earnings per share (EPS) but slightly missed the revenue forecast. The company reported an EPS of $0.36, matching the predictions made by analysts. However, revenue came in at $118.92 million, falling short of the anticipated $119.57 million. These results reflect stable earnings, although the revenue did not meet projections. Despite the revenue miss, the company’s stock experienced a minor increase during regular trading hours. Notably, the stock saw a decline in premarket trading after the earnings announcement. These developments are part of the company’s recent financial updates.
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