Wall Street analysts expect Power Integrations Inc (NASDAQ:POWI) to report earnings per share of $0.60 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Power Integrations’ earnings. The highest EPS estimate is $0.60 and the lowest is $0.59. Power Integrations reported earnings of $0.63 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The business is scheduled to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that Power Integrations will report full year earnings of $2.87 per share for the current year, with EPS estimates ranging from $2.78 to $2.95. For the next financial year, analysts anticipate that the business will report earnings of $3.38 per share, with EPS estimates ranging from $3.20 to $3.55. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Power Integrations.
Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. Power Integrations had a net margin of 6.39% and a return on equity of 12.70%. The firm had revenue of $108.20 million for the quarter, compared to the consensus estimate of $110.50 million. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year.
POWI has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Tuesday, December 19th. BidaskClub lowered shares of Power Integrations from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Susquehanna Bancshares started coverage on shares of Power Integrations in a research report on Wednesday, December 13th. They issued a “neutral” rating and a $80.00 target price for the company. They noted that the move was a valuation call. Finally, Sidoti lowered shares of Power Integrations from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $81.40.
Power Integrations (NASDAQ:POWI) traded up $0.05 during midday trading on Tuesday, reaching $72.05. 44,331 shares of the company’s stock were exchanged, compared to its average volume of 165,592. The company has a market cap of $2,146.60, a P/E ratio of 31.56 and a beta of 1.23. Power Integrations has a 12-month low of $60.55 and a 12-month high of $86.60.
Power Integrations declared that its board has authorized a stock buyback plan on Thursday, February 1st that allows the company to buyback $30.00 million in shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.64 annualized dividend and a dividend yield of 0.89%. Power Integrations’s dividend payout ratio (DPR) is 71.11%.
In other news, CFO Sandeep Nayyar sold 920 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $66.39, for a total transaction of $61,078.80. Following the completion of the transaction, the chief financial officer now owns 65,345 shares in the company, valued at approximately $4,338,254.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Ben Sutherland sold 1,460 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $77.15, for a total transaction of $112,639.00. Following the transaction, the vice president now owns 40,156 shares of the company’s stock, valued at approximately $3,098,035.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,235 shares of company stock valued at $4,234,629. Insiders own 4.30% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Impax Asset Management LTD raised its stake in shares of Power Integrations by 20.7% during the 3rd quarter. Impax Asset Management LTD now owns 839,787 shares of the semiconductor company’s stock valued at $61,472,000 after purchasing an additional 144,088 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Power Integrations by 30.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 263,100 shares of the semiconductor company’s stock worth $19,324,000 after purchasing an additional 61,686 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Power Integrations by 6.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 166,367 shares of the semiconductor company’s stock worth $12,179,000 after purchasing an additional 9,513 shares during the period. First Trust Advisors LP boosted its position in shares of Power Integrations by 32.7% during the 3rd quarter. First Trust Advisors LP now owns 56,393 shares of the semiconductor company’s stock worth $4,128,000 after purchasing an additional 13,888 shares during the period. Finally, Tiedemann Wealth Management LLC boosted its position in shares of Power Integrations by 9.2% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 15,980 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 1,351 shares during the period. Institutional investors own 96.28% 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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