According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
POWI has been the topic of several other research reports. Northland Securities reaffirmed an underperform rating and set a $70.00 price target on shares of Power Integrations in a report on Monday, July 29th. Loop Capital reaffirmed a hold rating and set a $76.00 price target on shares of Power Integrations in a report on Tuesday, June 18th. BidaskClub raised shares of Power Integrations from a buy rating to a strong-buy rating in a report on Saturday, July 27th. Deutsche Bank set a $80.00 price target on shares of Power Integrations and gave the company a hold rating in a report on Friday, July 26th. Finally, Stifel Nicolaus set a $97.00 price target on shares of Power Integrations and gave the company a buy rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $84.20.
Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. Power Integrations had a net margin of 14.79% and a return on equity of 9.87%. The business had revenue of $102.87 million for the quarter, compared to the consensus estimate of $100.04 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, research analysts expect that Power Integrations will post 1.78 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, August 29th. Power Integrations’s dividend payout ratio (DPR) is presently 31.78%.
In other news, VP Doug Bailey sold 1,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $65.31, for a total value of $65,310.00. Following the transaction, the vice president now owns 59,298 shares of the company’s stock, valued at $3,872,752.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Balu Balakrishnan sold 9,367 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $93.15, for a total transaction of $872,536.05. The disclosure for this sale can be found here. Insiders sold 40,284 shares of company stock worth $3,590,090 in the last three months. Insiders own 4.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Power Integrations by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 344,793 shares of the semiconductor company’s stock valued at $21,025,000 after purchasing an additional 17,356 shares during the last quarter. Brinker Capital Inc. lifted its position in Power Integrations by 8.7% during the first quarter. Brinker Capital Inc. now owns 17,695 shares of the semiconductor company’s stock worth $1,238,000 after acquiring an additional 1,414 shares during the last quarter. Ellis Investment Partners LLC acquired a new stake in Power Integrations during the first quarter worth approximately $77,000. Copeland Capital Management LLC lifted its position in Power Integrations by 9.3% during the first quarter. Copeland Capital Management LLC now owns 374,491 shares of the semiconductor company’s stock worth $26,192,000 after acquiring an additional 31,872 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Power Integrations by 776.5% during the first quarter. BNP Paribas Arbitrage SA now owns 6,591 shares of the semiconductor company’s stock worth $461,000 after acquiring an additional 5,839 shares during the last quarter. 96.83% 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 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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