Zacks: Analysts Expect Power Integrations Inc (POWI) Will Announce Quarterly Sales of $110.01 Million
Equities analysts predict that Power Integrations Inc (NASDAQ:POWI) will post $110.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Power Integrations’ earnings. The lowest sales estimate is $110.00 million and the highest is $110.01 million. Power Integrations reported sales of $101.11 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The business is scheduled to issue its next earnings results on Wednesday, February 7th.
On average, analysts expect that Power Integrations will report full year sales of $110.01 million for the current financial year, with estimates ranging from $433.50 million to $433.51 million. For the next fiscal year, analysts anticipate that the firm will report sales of $478.93 million per share, with estimates ranging from $477.15 million to $480.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Power Integrations.
Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. The firm had revenue of $111.30 million for the quarter, compared to the consensus estimate of $111.82 million. Power Integrations had a return on equity of 11.95% and a net margin of 13.69%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share.
In related news, VP David Mh Matthews sold 704 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $78.33, for a total transaction of $55,144.32. Following the transaction, the vice president now owns 42,654 shares in the company, valued at approximately $3,341,087.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Ben Sutherland sold 500 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $79.58, for a total value of $39,790.00. Following the transaction, the vice president now owns 40,965 shares in the company, valued at approximately $3,259,994.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,089 shares of company stock worth $5,077,253. 4.30% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in POWI. Artemis Investment Management LLP increased its holdings in Power Integrations by 159.9% during the 3rd quarter. Artemis Investment Management LLP now owns 545,657 shares of the semiconductor company’s stock valued at $39,928,000 after purchasing an additional 335,703 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new position in Power Integrations during the 3rd quarter valued at about $20,628,000. Rice Hall James & Associates LLC purchased a new position in Power Integrations during the 3rd quarter valued at about $17,162,000. Koch Industries Inc. purchased a new position in Power Integrations during the 2nd quarter valued at about $209,000. Finally, Pax World Management LLC purchased a new position in Power Integrations during the 3rd quarter valued at about $10,698,000. Institutional investors own 97.25% of the company’s stock.
Power Integrations (POWI) opened at $78.75 on Friday. The company has a market capitalization of $2,292.65, a PE ratio of 36.74 and a beta of 1.27. Power Integrations has a twelve month low of $61.44 and a twelve month high of $86.60.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. Power Integrations’s dividend payout ratio is presently 29.02%.
COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Expect Power Integrations Inc (POWI) Will Announce Quarterly Sales of $110.01 Million” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/06/zacks-analysts-expect-power-integrations-inc-powi-will-announce-quarterly-sales-of-110-01-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.