Wall Street analysts expect Power Integrations, Inc. (NASDAQ:POWI) to post sales of $107.19 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Power Integrations’ earnings. The highest sales estimate is $107.38 million and the lowest is $107.00 million. Power Integrations reported sales of $97.17 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The company is scheduled to report its next earnings results after the market closes on Thursday, July 27th.

On average, analysts expect that Power Integrations will report full-year sales of $107.19 million for the current year, with estimates ranging from $436.50 million to $439.99 million. For the next financial year, analysts anticipate that the firm will report sales of $482.80 million per share, with estimates ranging from $480.60 million to $485.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Power Integrations.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, April 27th. The semiconductor company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.11. Power Integrations had a return on equity of 12.19% and a net margin of 13.07%. The company had revenue of $104.70 million during the quarter, compared to the consensus estimate of $102.21 million. During the same period in the prior year, the business posted $0.55 earnings per share. Power Integrations’s revenue for the quarter was up 18.9% compared to the same quarter last year.

POWI has been the subject of a number of research reports. BidaskClub upgraded shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Friday, May 5th. Sidoti upgraded shares of Power Integrations from a “neutral” rating to a “buy” rating in a research report on Monday, May 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $82.00 target price (up from $75.00) on shares of Power Integrations in a research report on Friday, June 30th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Power Integrations currently has a consensus rating of “Buy” and a consensus price target of $74.00.

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Power Integrations (NASDAQ:POWI) opened at 81.55 on Friday. The company has a market capitalization of $2.42 billion, a PE ratio of 46.87 and a beta of 1.23. Power Integrations has a one year low of $53.18 and a one year high of $82.80. The company has a 50-day moving average price of $71.06 and a 200-day moving average price of $67.30.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, May 31st were given a dividend of $0.14 per share. The ex-dividend date was Friday, May 26th. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. Power Integrations’s dividend payout ratio is presently 31.29%.

In other Power Integrations news, insider Balu Balakrishnan sold 65,000 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $78.06, for a total value of $5,073,900.00. Following the completion of the transaction, the insider now owns 319,576 shares in the company, valued at $24,946,102.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nicholas Brathwaite sold 4,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $80.00, for a total transaction of $320,000.00. Following the completion of the transaction, the director now owns 28,109 shares of the company’s stock, valued at approximately $2,248,720. The disclosure for this sale can be found here. Insiders have sold 136,933 shares of company stock valued at $10,420,663 over the last 90 days. 4.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Commerce Bank increased its position in shares of Power Integrations by 0.6% in the first quarter. Commerce Bank now owns 7,950 shares of the semiconductor company’s stock worth $522,000 after buying an additional 45 shares during the period. State of Alaska Department of Revenue increased its position in shares of Power Integrations by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the semiconductor company’s stock worth $213,000 after buying an additional 90 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Power Integrations by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the semiconductor company’s stock worth $882,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Power Integrations by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,452 shares of the semiconductor company’s stock worth $227,000 after buying an additional 118 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Power Integrations by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,800 shares of the semiconductor company’s stock worth $513,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 96.24% 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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