Loop Capital analyst Cody Acree kept his Hold rating and $60 price target on Power Integrations, stating that his recent meetings with the management have indicated that order rates have not softened since its last earnings report in spite of the demand slowdown experienced by its peers. The analyst cites the company's "diversity across Industrial, Appliances, Comms, and Consumer" segments in supporting its demand stability. Acree further believes that Power Integrations could become an "interesting idea" once the chip industry slowdown driven by inventory correction plays out by the end of the year.