Power Integrations Inc (NASDAQ:POWI) Expected to Post Earnings of $0.74 Per Share

Wall Street brokerages expect that Power Integrations Inc (NASDAQ:POWI) will report earnings per share (EPS) of $0.74 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Power Integrations’ earnings. The lowest EPS estimate is $0.73 and the highest is $0.75. Power Integrations reported earnings per share of $0.77 during the same quarter last year, which suggests a negative year over year growth rate of 3.9%. The business is expected to issue its next earnings report on Thursday, October 24th.

On average, analysts expect that Power Integrations will report full-year earnings of $2.46 per share for the current year, with EPS estimates ranging from $2.45 to $2.47. For the next year, analysts anticipate that the business will post earnings of $2.97 per share, with EPS estimates ranging from $2.80 to $3.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Power Integrations.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, July 25th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $102.87 million during the quarter, compared to the consensus estimate of $100.04 million. Power Integrations had a net margin of 14.79% and a return on equity of 9.87%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS.

A number of analysts have weighed in on the stock. Northland Securities reissued an “underperform” rating and set a $70.00 target price on shares of Power Integrations in a research report on Monday. Stifel Nicolaus set a $97.00 target price on shares of Power Integrations and gave the company a “buy” rating in a research report on Friday, July 26th. BidaskClub raised shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 27th. Deutsche Bank set a $80.00 target price on shares of Power Integrations and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating and set a $105.00 target price for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Power Integrations presently has an average rating of “Buy” and a consensus price target of $85.60.

In other news, VP Doug Bailey sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $82.00, for a total transaction of $82,000.00. Following the completion of the sale, the vice president now owns 58,298 shares of the company’s stock, valued at approximately $4,780,436. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sandeep Nayyar sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $90.50, for a total transaction of $1,810,000.00. Following the sale, the chief financial officer now directly owns 57,518 shares of the company’s stock, valued at approximately $5,205,379. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,188 shares of company stock valued at $1,974,888. Insiders own 4.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in POWI. Envestnet Asset Management Inc. raised its stake in shares of Power Integrations by 18.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 81,339 shares of the semiconductor company’s stock worth $6,522,000 after purchasing an additional 12,948 shares during the period. Candriam Luxembourg S.C.A. increased its holdings in Power Integrations by 103.9% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 8,171 shares of the semiconductor company’s stock worth $652,000 after acquiring an additional 4,164 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in Power Integrations by 1.2% in the 2nd quarter. Stephens Investment Management Group LLC now owns 367,667 shares of the semiconductor company’s stock worth $29,480,000 after acquiring an additional 4,500 shares during the last quarter. Robecosam AG increased its holdings in Power Integrations by 12.7% in the 2nd quarter. Robecosam AG now owns 487,000 shares of the semiconductor company’s stock worth $37,518,000 after acquiring an additional 55,000 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in Power Integrations by 12.0% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 326,337 shares of the semiconductor company’s stock worth $26,166,000 after acquiring an additional 34,995 shares during the last quarter. 97.65% of the stock is owned by institutional investors.

NASDAQ:POWI opened at $90.55 on Friday. The firm has a market cap of $2.67 billion, a P/E ratio of 42.31 and a beta of 1.30. The firm’s 50 day moving average price is $80.07. Power Integrations has a fifty-two week low of $47.35 and a fifty-two week high of $102.38.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, August 29th. Power Integrations’s dividend payout ratio (DPR) is 31.78%.

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 worldwide. 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, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

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