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.

Several research analysts have recently commented on POWI shares. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Tuesday, December 19th. Stifel Nicolaus reiterated a “buy” rating on shares of Power Integrations in a report on Wednesday, September 13th. Susquehanna Bancshares started coverage on Power Integrations in a report on Wednesday, December 13th. They issued a “neutral” rating and a $80.00 price objective on the stock. They noted that the move was a valuation call. BidaskClub downgraded Power Integrations from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $84.00 price objective on shares of Power Integrations in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $81.40.

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%.

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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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