Power Integrations (POWI) Set to Announce Earnings on Thursday

Power Integrations (NASDAQ:POWIGet Free Report) will release its earnings data after the market closes on Thursday, February 8th. Analysts expect Power Integrations to post earnings of $0.15 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Power Integrations (NASDAQ:POWIGet Free Report) last released its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $125.51 million for the quarter, compared to analyst estimates of $130.75 million. Power Integrations had a return on equity of 8.52% and a net margin of 13.40%. On average, analysts expect Power Integrations to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Power Integrations Price Performance

NASDAQ POWI opened at $74.96 on Thursday. The firm has a market cap of $4.26 billion, a P/E ratio of 66.93 and a beta of 1.24. The stock’s 50-day moving average is $79.56 and its 200-day moving average is $79.87. Power Integrations has a one year low of $66.90 and a one year high of $99.60.

Power Integrations Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.19. Power Integrations’s dividend payout ratio (DPR) is currently 71.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on POWI shares. Susquehanna increased their price objective on Power Integrations from $80.00 to $100.00 and gave the stock a “positive” rating in a report on Monday, December 18th. Stifel Nicolaus increased their price objective on Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, StockNews.com downgraded Power Integrations from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Power Integrations currently has an average rating of “Hold” and an average price target of $90.33.

Get Our Latest Stock Analysis on Power Integrations

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 14,652 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $76.22, for a total value of $1,116,775.44. Following the completion of the transaction, the chief financial officer now directly owns 74,055 shares in the company, valued at $5,644,472.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Doug Bailey sold 3,273 shares of Power Integrations stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $78.43, for a total transaction of $256,701.39. Following the completion of the transaction, the vice president now directly owns 100,896 shares in the company, valued at approximately $7,913,273.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Nayyar sold 14,652 shares of Power Integrations stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $76.22, for a total value of $1,116,775.44. Following the transaction, the chief financial officer now owns 74,055 shares of the company’s stock, valued at $5,644,472.10. The disclosure for this sale can be found here. Insiders sold a total of 77,816 shares of company stock worth $6,013,654 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Power Integrations

Hedge funds have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC lifted its holdings in Power Integrations by 59.8% during the 1st quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 128 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Power Integrations by 498.9% in the 4th quarter. Meeder Asset Management Inc. now owns 1,108 shares of the semiconductor company’s stock valued at $79,000 after acquiring an additional 923 shares in the last quarter. Covestor Ltd raised its holdings in Power Integrations by 179.3% in the 1st quarter. Covestor Ltd now owns 863 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 554 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Power Integrations by 320.4% in the 2nd quarter. Lazard Asset Management LLC now owns 1,215 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 926 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Power Integrations by 48.1% in the 4th quarter. Advisors Asset Management Inc. now owns 1,604 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 521 shares in the last quarter.

About Power Integrations

(Get Free Report)

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.

Further Reading

Earnings History for Power Integrations (NASDAQ:POWI)

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Power Integrations (POWI) Set to Announce Earnings on Thursday

Power Integrations (NASDAQ:POWIGet Free Report) is set to post its quarterly earnings results after the market closes on Thursday, February 8th. Analysts expect Power Integrations to post earnings of $0.15 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Power Integrations (NASDAQ:POWIGet Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The company had revenue of $125.51 million during the quarter, compared to the consensus estimate of $130.75 million. Power Integrations had a net margin of 13.40% and a return on equity of 8.52%. On average, analysts expect Power Integrations to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Power Integrations Stock Down 1.4 %

POWI stock opened at $74.96 on Thursday. The business has a 50 day moving average price of $79.56 and a two-hundred day moving average price of $79.87. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 66.93 and a beta of 1.24. Power Integrations has a twelve month low of $66.90 and a twelve month high of $99.60.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, November 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.07%. This is an increase from Power Integrations’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, November 29th. Power Integrations’s dividend payout ratio (DPR) is currently 71.43%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com downgraded Power Integrations from a “hold” rating to a “sell” rating in a research note on Monday. Stifel Nicolaus lifted their target price on Power Integrations from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Finally, Susquehanna lifted their target price on Power Integrations from $80.00 to $100.00 and gave the stock a “positive” rating in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $90.33.

Read Our Latest Stock Analysis on Power Integrations

Insider Buying and Selling

In related news, CFO Sandeep Nayyar sold 14,652 shares of Power Integrations stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $76.22, for a total transaction of $1,116,775.44. Following the completion of the sale, the chief financial officer now directly owns 74,055 shares of the company’s stock, valued at approximately $5,644,472.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Power Integrations news, CFO Sandeep Nayyar sold 14,652 shares of Power Integrations stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $76.22, for a total value of $1,116,775.44. Following the completion of the transaction, the chief financial officer now directly owns 74,055 shares of the company’s stock, valued at approximately $5,644,472.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 47,422 shares of Power Integrations stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $77.60, for a total value of $3,679,947.20. Following the completion of the transaction, the chief executive officer now directly owns 525,603 shares of the company’s stock, valued at $40,786,792.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,816 shares of company stock valued at $6,013,654. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Power Integrations

A number of institutional investors have recently modified their holdings of the business. Raymond James & Associates grew its position in Power Integrations by 27.0% during the 1st quarter. Raymond James & Associates now owns 41,765 shares of the semiconductor company’s stock worth $3,871,000 after acquiring an additional 8,880 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Power Integrations by 15.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,746 shares of the semiconductor company’s stock worth $348,000 after acquiring an additional 504 shares during the last quarter. Bank of Montreal Can grew its position in Power Integrations by 10.5% during the 1st quarter. Bank of Montreal Can now owns 14,113 shares of the semiconductor company’s stock worth $1,372,000 after acquiring an additional 1,339 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Power Integrations by 8.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,681 shares of the semiconductor company’s stock worth $2,009,000 after acquiring an additional 1,678 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Power Integrations by 6.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 32,504 shares of the semiconductor company’s stock worth $3,094,000 after acquiring an additional 1,927 shares during the last quarter.

About Power Integrations

(Get Free Report)

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.

Further Reading

Earnings History for Power Integrations (NASDAQ:POWI)

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