Power Integrations, Inc. (NASDAQ:POWI) issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05, Bloomberg Earnings reports. Power Integrations had a net margin of 13.69% and a return on equity of 11.95%. The company had revenue of $111.30 million during the quarter, compared to the consensus estimate of $111.82 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis.
Power Integrations (NASDAQ POWI) opened at $80.20 on Monday. The stock has a market cap of $2,383.30, a PE ratio of 38.19 and a beta of 1.29. Power Integrations has a 1-year low of $61.44 and a 1-year high of $86.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. Power Integrations’s dividend payout ratio is presently 29.02%.
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POWI has been the subject of several recent analyst reports. BidaskClub cut shares of Power Integrations from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price objective (up from $82.00) on shares of Power Integrations in a research note on Sunday, July 30th. Drexel Hamilton set a $84.00 price objective on shares of Power Integrations and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Wednesday, November 1st. Finally, Deutsche Bank AG cut shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research note on Tuesday, July 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Power Integrations currently has a consensus rating of “Buy” and a consensus target price of $83.50.
In other news, CEO Balu Balakrishnan sold 51,350 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $80.71, for a total transaction of $4,144,458.50. Following the completion of the transaction, the chief executive officer now directly owns 268,226 shares in the company, valued at approximately $21,648,520.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David Mh Matthews sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total value of $71,220.00. Following the completion of the sale, the vice president now owns 43,405 shares in the company, valued at $3,091,304.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,835 shares of company stock valued at $4,466,388. Corporate insiders own 4.30% 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’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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