Power Integrations, Inc. (POWI) Expected to Post Quarterly Sales of $111.05 Million
Equities analysts forecast that Power Integrations, Inc. (NASDAQ:POWI) will post sales of $111.05 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Power Integrations’ earnings. The lowest sales estimate is $111.00 million and the highest is $111.09 million. Power Integrations posted sales of $103.79 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is expected to announce its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Power Integrations will report full year sales of $111.05 million for the current fiscal year, with estimates ranging from $433.30 million to $435.07 million. For the next fiscal year, analysts expect that the firm will post sales of $478.49 million per share, with estimates ranging from $478.48 million to $478.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Power Integrations.
Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. Power Integrations had a return on equity of 12.08% and a net margin of 13.37%. The company had revenue of $107.56 million during the quarter, compared to the consensus estimate of $107.85 million. During the same quarter last year, the firm earned $0.61 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis.
A number of analysts recently issued reports on POWI shares. BidaskClub cut Power Integrations from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and set a $85.00 price objective (up previously from $82.00) on shares of Power Integrations in a report on Sunday, July 30th. Drexel Hamilton set a $84.00 price objective on Power Integrations and gave the stock a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Deutsche Bank AG cut Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a report on Tuesday, July 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $81.33.
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In related news, VP David Mh Matthews sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $71.22, for a total transaction of $71,220.00. Following the transaction, the vice president now directly owns 43,405 shares of the company’s stock, valued at approximately $3,091,304.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Raja Petrakian sold 2,272 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $68.89, for a total value of $156,518.08. Following the transaction, the vice president now directly owns 30,815 shares in the company, valued at $2,122,845.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,593 shares of company stock worth $5,644,357. Insiders own 4.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ardsley Advisory Partners purchased a new position in shares of Power Integrations during the 2nd quarter valued at about $510,000. Koch Industries Inc. purchased a new position in shares of Power Integrations during the 2nd quarter valued at about $209,000. Grandeur Peak Global Advisors LLC raised its holdings in shares of Power Integrations by 7.4% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 357,015 shares of the semiconductor company’s stock valued at $26,026,000 after buying an additional 24,675 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Power Integrations during the 2nd quarter valued at about $468,000. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Power Integrations by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 150 shares in the last quarter. 95.38% of the stock is currently owned by institutional investors.
Shares of Power Integrations (NASDAQ:POWI) opened at 71.15 on Friday. Power Integrations has a 12-month low of $60.67 and a 12-month high of $82.80. The stock’s 50 day moving average price is $71.92 and its 200-day moving average price is $69.38. The firm has a market cap of $2.12 billion, a P/E ratio of 39.55 and a beta of 1.28.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.79%. Power Integrations’s payout ratio is currently 29.95%.
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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