Analysts Expect Power Integrations Inc (POWI) Will Announce Earnings of $0.60 Per Share

Wall Street analysts forecast that Power Integrations Inc (NASDAQ:POWI) will announce earnings of $0.60 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Power Integrations’ earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.60. Power Integrations reported earnings of $0.63 per share in the same quarter last year, which would suggest a negative year over year growth rate of 4.8%. The business is expected to issue its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Power Integrations will report full-year earnings of $3.07 per share for the current year, with EPS estimates ranging from $2.95 to $3.18. For the next financial year, analysts anticipate that the firm will post earnings of $3.55 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Power Integrations.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Power Integrations had a net margin of 6.39% and a return on equity of 12.70%. The firm had revenue of $108.20 million during the quarter, compared to analyst estimates of $110.50 million. During the same period in the previous year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis.

POWI has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, November 1st. Drexel Hamilton restated a “buy” rating and set a $84.00 target price on shares of Power Integrations in a research report on Friday, October 27th. Sidoti lowered shares of Power Integrations from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Susquehanna Bancshares initiated coverage on shares of Power Integrations in a research report on Wednesday, December 13th. They set a “neutral” rating and a $80.00 target price for the company. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Power Integrations from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $81.40.

Shares of Power Integrations (NASDAQ POWI) opened at $66.50 on Wednesday. Power Integrations has a 12 month low of $61.44 and a 12 month high of $86.60. The company has a market cap of $1,980.00, a P/E ratio of 74.72 and a beta of 1.17.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be given a $0.16 dividend. This is a positive change from Power Integrations’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Tuesday, February 27th. Power Integrations’s dividend payout ratio is presently 62.92%.

Power Integrations declared that its board has authorized a share buyback program on Thursday, February 1st that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director Steven Sharp sold 10,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $79.49, for a total value of $794,900.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Radu Barsan sold 3,643 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $74.58, for a total transaction of $271,694.94. Following the completion of the transaction, the vice president now directly owns 28,825 shares in the company, valued at approximately $2,149,768.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,460 shares of company stock valued at $2,136,352. Company insiders own 4.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Power Integrations by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock worth $184,000 after buying an additional 150 shares in the last quarter. Advisor Group Inc. lifted its holdings 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 worth $132,000 after buying an additional 231 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Power Integrations by 9.5% in the second quarter. Amalgamated Bank now owns 3,990 shares of the semiconductor company’s stock worth $291,000 after buying an additional 346 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Power Integrations by 9.4% in the second quarter. Suntrust Banks Inc. now owns 5,003 shares of the semiconductor company’s stock worth $364,000 after buying an additional 431 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Power Integrations by 5.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the semiconductor company’s stock worth $941,000 after buying an additional 700 shares in the last quarter. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

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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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