News stories about Power Integrations (NASDAQ:POWI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Power Integrations earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 45.6528698936227 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
POWI stock opened at $66.95 on Tuesday. The firm has a market cap of $2,113.78, a PE ratio of 29.36 and a beta of 1.19. Power Integrations has a twelve month low of $60.55 and a twelve month high of $86.60.
Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, February 1st. The semiconductor company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $108.20 million during the quarter, compared to the consensus estimate of $110.50 million. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. research analysts forecast that Power Integrations will post 2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from Power Integrations’s previous quarterly dividend of $0.14. Power Integrations’s payout ratio is presently 28.07%.
Power Integrations announced that its board has authorized a share repurchase program on Thursday, February 1st that permits the company to buyback $30.00 million in shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
A number of research firms have commented on POWI. BidaskClub lowered Power Integrations from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. Sidoti lowered Power Integrations from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Power Integrations from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, ValuEngine raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Power Integrations currently has a consensus rating of “Hold” and an average target price of $81.40.
In other news, Director William George sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $72.00, for a total transaction of $108,000.00. Following the completion of the sale, the director now owns 17,891 shares in the company, valued at $1,288,152. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Balu Balakrishnan sold 17,186 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $63.02, for a total value of $1,083,061.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,776 shares of company stock valued at $4,880,472. 4.30% of the stock is currently owned by corporate insiders.
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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 offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.
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