Equities analysts expect Power Integrations Inc (NASDAQ:POWI) to report earnings per share of $0.60 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Power Integrations’ earnings, with estimates ranging from $0.59 to $0.60. Power Integrations posted earnings per share of $0.63 during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.8%. The company is scheduled to report its next quarterly 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 fiscal year, with EPS estimates ranging from $2.78 to $2.95. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.38 per share, with EPS estimates ranging from $3.20 to $3.55. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Power Integrations.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. The company had revenue of $108.20 million for the quarter, compared to analyst estimates of $110.50 million. Power Integrations had a net margin of 6.39% and a return on equity of 12.70%. Power Integrations’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.67 EPS.
Several equities analysts recently weighed in on POWI shares. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $83.00 target price 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 report on Thursday, December 7th. Susquehanna Bancshares started coverage on shares of Power Integrations in a report on Wednesday, December 13th. They set a “neutral” rating and a $80.00 target price on the stock. 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 report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Power Integrations currently has an average rating of “Hold” and a consensus target price of $81.40.
Power Integrations (NASDAQ POWI) traded down $0.55 during trading hours on Friday, hitting $68.00. 229,214 shares of the company traded hands, compared to its average volume of 176,680. The firm has a market cap of $2,004.88, a price-to-earnings ratio of 76.17 and a beta of 1.17. Power Integrations has a 1-year low of $60.55 and a 1-year high of $86.60.
Power Integrations announced that its board has initiated a stock buyback program on Thursday, February 1st that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.16 per share. This is an increase 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 yield of 0.94%. Power Integrations’s payout ratio is 62.22%.
In related news, VP David Mh Matthews sold 704 shares of Power Integrations stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $78.33, for a total transaction of $55,144.32. Following the sale, the vice president now owns 42,654 shares of the company’s stock, valued at approximately $3,341,087.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Nayyar sold 2,022 shares of Power Integrations stock in a transaction on Monday, January 29th. The stock was sold at an average price of $77.50, for a total transaction of $156,705.00. Following the sale, the chief financial officer now directly owns 58,522 shares in the company, valued at approximately $4,535,455. The disclosure for this sale can be found here. Insiders have sold a total of 58,795 shares of company stock worth $4,003,837 in the last ninety days. 4.30% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC purchased a new stake in Power Integrations during the 4th quarter worth $898,000. Grandeur Peak Global Advisors LLC increased its stake in Power Integrations by 0.8% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 353,040 shares of the semiconductor company’s stock worth $25,966,000 after buying an additional 2,725 shares during the period. Penbrook Management LLC purchased a new stake in Power Integrations during the 4th quarter worth $691,000. Xact Kapitalforvaltning AB purchased a new stake in Power Integrations during the 4th quarter worth $224,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Power Integrations in the 4th quarter worth about $4,560,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.
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’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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