Equities analysts expect Power Integrations, Inc. (NASDAQ:POWI) to announce earnings per share (EPS) of $0.73 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Power Integrations’ earnings, with the lowest EPS estimate coming in at $0.72 and the highest estimate coming in at $0.73. Power Integrations reported earnings of $0.67 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9%. The firm is scheduled to report its next earnings results on Wednesday, February 7th.
On average, analysts expect that Power Integrations will report full year earnings of $2.83 per share for the current year, with EPS estimates ranging from $2.82 to $2.83. For the next financial year, analysts anticipate that the firm will post earnings of $3.27 per share, with EPS estimates ranging from $3.18 to $3.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Power Integrations.
Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Power Integrations had a return on equity of 11.95% and a net margin of 13.69%. The business had revenue of $111.30 million during the quarter, compared to analyst estimates of $111.82 million. During the same quarter in the prior year, the company posted $0.67 EPS. Power Integrations’s quarterly revenue was up 9.5% compared to the same quarter last year.
A number of equities analysts recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 target price (up from $82.00) on shares of Power Integrations in a report on Sunday, July 30th. BidaskClub upgraded Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Drexel Hamilton reaffirmed a “buy” rating and set a $84.00 price target on shares of Power Integrations in a research note on Friday, October 27th. Zacks Investment Research raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Deutsche Bank AG downgraded shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $83.50.
In related news, VP Raja Petrakian sold 2,272 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $68.89, for a total transaction of $156,518.08. Following the completion of the transaction, the vice president now owns 30,815 shares of the company’s stock, valued at $2,122,845.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ben Sutherland sold 500 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $79.58, for a total transaction of $39,790.00. Following the transaction, the vice president now directly owns 40,965 shares of the company’s stock, valued at approximately $3,259,994.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,835 shares of company stock worth $4,466,388. Insiders own 4.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its holdings in shares of Power Integrations by 22.8% in the 2nd quarter. Huntington National Bank now owns 1,504 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 279 shares during the period. Advisor Group Inc. increased its stake in Power Integrations by 14.5% during the 2nd quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 231 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Power Integrations by 71.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock valued at $175,000 after purchasing an additional 997 shares in the last quarter. Turner Investments LLC acquired a new position in shares of Power Integrations in the second quarter worth about $182,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Power Integrations by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock worth $184,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 98.01% of the company’s stock.
Power Integrations (NASDAQ POWI) opened at $80.20 on Friday. The stock has a market capitalization of $2,383.30, a price-to-earnings ratio of 38.19 and a beta of 1.29. Power Integrations has a 52 week low of $61.44 and a 52 week high of $86.60.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. Power Integrations’s payout ratio is 29.02%.
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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