Wall Street analysts forecast that Power Integrations, Inc. (NASDAQ:POWI) will post earnings per share of $0.73 for the current quarter, Zacks reports. Two analysts have made estimates for Power Integrations’ earnings. Power Integrations posted earnings of $0.72 per share during the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The firm is scheduled to report its next earnings report after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Power Integrations will report full year earnings of $2.77 per share for the current year, with EPS estimates ranging from $2.75 to $2.79. For the next fiscal year, analysts forecast that the firm will post earnings of $3.27 per share, with EPS estimates ranging from $3.14 to $3.40. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Power Integrations.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $107.56 million during the quarter, compared to analyst estimates of $107.85 million. Power Integrations had a return on equity of 12.08% and a net margin of 13.37%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share.

Several research analysts have weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and set a $82.00 target price (up from $75.00) on shares of Power Integrations in a report on Friday, June 30th. Deutsche Bank AG lowered Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a report on Tuesday, July 25th. Zacks Investment Research upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Drexel Hamilton set a $84.00 target price on Power Integrations and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, BidaskClub lowered Power Integrations from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Power Integrations has a consensus rating of “Buy” and an average price target of $81.33.

In related news, VP Raja Petrakian sold 2,272 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $68.89, for a total value of $156,518.08. Following the completion of the sale, the vice president now directly owns 30,815 shares in the company, valued at $2,122,845.35. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP David Mh Matthews sold 1,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,091,304.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,593 shares of company stock valued at $250,457. Corporate insiders own 4.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Huntington National Bank boosted its stake in shares of Power Integrations by 22.8% in the second quarter. Huntington National Bank now owns 1,504 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 279 shares during the period. Advisor Group Inc. boosted its stake in shares of Power Integrations by 14.5% in the second 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. Victory Capital Management Inc. boosted its stake in shares of Power Integrations by 22.7% in the first quarter. Victory Capital Management Inc. now owns 2,210 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 409 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Power Integrations by 71.2% in the second quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock valued at $175,000 after buying an additional 997 shares during the period. Finally, Turner Investments LLC bought a new stake in shares of Power Integrations in the second quarter valued at approximately $182,000. Institutional investors and hedge funds own 95.38% of the company’s stock.

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Shares of Power Integrations (POWI) opened at 73.75 on Monday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 40.99 and a beta of 1.28. The stock’s 50 day moving average price is $72.83 and its 200 day moving average price is $70.03. Power Integrations has a one year low of $60.67 and a one year high of $82.80.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, August 29th. Power Integrations’s dividend payout ratio is presently 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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