Analysts Expect Power Integrations Inc (POWI) Will Post Quarterly Sales of $103.13 Million

Brokerages expect Power Integrations Inc (NASDAQ:POWI) to post $103.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Power Integrations’ earnings. The highest sales estimate is $103.25 million and the lowest is $103.00 million. Power Integrations reported sales of $104.69 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Power Integrations will report full-year sales of $103.13 million for the current financial year, with estimates ranging from $449.10 million to $458.93 million. For the next fiscal year, analysts expect that the business will post sales of $498.68 million per share, with estimates ranging from $488.50 million to $508.86 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Power Integrations.

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

A number of brokerages recently issued reports on POWI. Zacks Investment Research raised Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday, November 1st. Drexel Hamilton reissued a “buy” rating and set a $84.00 price objective on shares of Power Integrations in a research report on Friday, October 27th. BidaskClub downgraded Power Integrations from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Susquehanna Bancshares began coverage on Power Integrations in a research report on Wednesday, December 13th. They set a “neutral” rating and a $80.00 price objective for the company. They noted that the move was a valuation call. Finally, Sidoti downgraded Power Integrations from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $81.40.

Shares of Power Integrations (NASDAQ:POWI) opened at $62.45 on Friday. The stock has a market capitalization of $1,890.00, a PE ratio of 70.17 and a beta of 1.17. Power Integrations has a 52-week low of $61.44 and a 52-week high of $86.60.

The company also recently announced 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 an increase from Power Integrations’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, February 27th. Power Integrations’s payout ratio is currently 62.92%.

Power Integrations declared that its board has authorized a stock repurchase plan 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. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other Power Integrations news, CFO Sandeep Nayyar sold 2,022 shares of Power Integrations stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $77.50, for a total value of $156,705.00. Following the completion of the transaction, the chief financial officer now directly owns 58,522 shares of the company’s stock, valued at approximately $4,535,455. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven Sharp sold 10,000 shares of Power Integrations stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $79.49, for a total value of $794,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,076 shares of company stock valued at $2,648,561. 4.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POWI. Amalgamated Bank grew its position in Power Integrations by 9.5% in the 2nd quarter. Amalgamated Bank now owns 3,990 shares of the semiconductor company’s stock valued at $291,000 after acquiring an additional 346 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Power Integrations by 1.7% in the 2nd quarter. New York State Common Retirement Fund now owns 96,340 shares of the semiconductor company’s stock valued at $7,023,000 after buying an additional 1,599 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Power Integrations by 9.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,850 shares of the semiconductor company’s stock valued at $1,228,000 after buying an additional 1,471 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Power Integrations in the 2nd quarter valued at about $208,000. Finally, Northern Trust Corp boosted its stake in shares of Power Integrations by 5.8% in the 2nd quarter. Northern Trust Corp now owns 532,910 shares of the semiconductor company’s stock valued at $38,849,000 after buying an additional 29,216 shares during the period. 96.82% of the stock is owned by 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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