$0.70 EPS Expected for Power Integrations Inc (POWI) This Quarter

Wall Street analysts expect Power Integrations Inc (NASDAQ:POWI) to announce earnings of $0.70 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Power Integrations’ earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.69. Power Integrations reported earnings per share of $0.69 during the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The company is scheduled to report its next earnings report on Thursday, July 26th.

On average, analysts expect that Power Integrations will report full year earnings of $2.92 per share for the current financial year, with EPS estimates ranging from $2.84 to $2.99. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.39 per share, with EPS estimates ranging from $3.22 to $3.55. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Power Integrations.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, April 26th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. The firm had revenue of $103.10 million during the quarter, compared to the consensus estimate of $102.78 million. Power Integrations had a net margin of 6.44% and a return on equity of 12.69%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS.

A number of analysts recently issued reports on POWI shares. BidaskClub raised shares of Power Integrations from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 1st. Drexel Hamilton set a $84.00 target price on shares of Power Integrations and gave the stock a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, TheStreet raised shares of Power Integrations from a “c+” rating to a “b-” rating in a research report on Wednesday, May 23rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Power Integrations has a consensus rating of “Hold” and a consensus price target of $82.67.

POWI opened at $77.00 on Friday. The company has a market cap of $2.23 billion, a P/E ratio of 33.62 and a beta of 1.23. Power Integrations has a 1 year low of $60.55 and a 1 year high of $86.60.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 30th. Power Integrations’s dividend payout ratio is presently 28.07%.

In other Power Integrations news, VP Doug Bailey sold 758 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $67.36, for a total value of $51,058.88. Following the completion of the transaction, the vice president now owns 53,547 shares in the company, valued at approximately $3,606,925.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nicholas Brathwaite sold 4,166 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $80.00, for a total value of $333,280.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,067 shares of company stock valued at $2,409,487. 4.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Power Integrations by 0.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,705 shares of the semiconductor company’s stock valued at $8,797,000 after buying an additional 760 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Power Integrations by 4.3% during the 1st quarter. Royal Bank of Canada now owns 20,998 shares of the semiconductor company’s stock valued at $1,435,000 after buying an additional 866 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Power Integrations by 2.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,864 shares of the semiconductor company’s stock valued at $2,723,000 after buying an additional 869 shares during the last quarter. Comerica Bank boosted its stake in shares of Power Integrations by 3.0% during the 1st quarter. Comerica Bank now owns 31,818 shares of the semiconductor company’s stock valued at $2,221,000 after buying an additional 927 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Power Integrations by 5.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 18,436 shares of the semiconductor company’s stock valued at $1,356,000 after buying an additional 960 shares during the last quarter. Hedge funds and other institutional investors own 96.73% of the company’s stock.

Power Integrations Company Profile

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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