News stories about Power Integrations (NASDAQ:POWI) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Power Integrations earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.3666279855616 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have recently issued reports on POWI shares. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Wednesday, November 1st. Susquehanna Bancshares initiated coverage on shares of Power Integrations in a research note on Wednesday, December 13th. They set a “neutral” rating and a $80.00 price target on the stock. They noted that the move was a valuation call. BidaskClub downgraded shares of Power Integrations from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 7th. Drexel Hamilton reissued a “buy” rating and set a $84.00 price objective on shares of Power Integrations in a report on Friday, October 27th. Finally, Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Power Integrations has a consensus rating of “Hold” and an average price target of $81.40.
Shares of Power Integrations (NASDAQ:POWI) opened at $64.85 on Tuesday. The company has a market capitalization of $1,934.77, a PE ratio of 72.06 and a beta of 1.17. Power Integrations has a 12-month low of $60.55 and a 12-month high of $86.60.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The firm had revenue of $108.20 million during the quarter, compared to analyst estimates of $110.50 million. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. equities research analysts expect that Power Integrations will post 2 EPS for the current fiscal year.
Power Integrations declared that its board has initiated a stock buyback program on Thursday, February 1st that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.16 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, February 27th. Power Integrations’s payout ratio is presently 62.22%.
In other news, VP David Mh Matthews sold 704 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $78.33, for a total transaction of $55,144.32. Following the completion of the transaction, the vice president now directly owns 42,654 shares in the company, valued at approximately $3,341,087.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Balu Balakrishnan sold 9,488 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $77.36, for a total value of $733,991.68. Following the transaction, the insider now owns 262,977 shares of the company’s stock, valued at $20,343,900.72. The disclosure for this sale can be found here. Insiders have sold a total of 24,933 shares of company stock valued at $1,842,384 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.
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About Power Integrations
Power Integrations, Inc designs, develops and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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