Equities analysts expect Power Integrations Inc (NASDAQ:POWI) to announce $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Power Integrations’ earnings. The lowest EPS estimate is $0.59 and the highest is $0.60. Power Integrations posted earnings per share of $0.63 during the same quarter last year, which suggests a negative year over year growth rate of 4.8%. The company is scheduled to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that Power Integrations will report full-year earnings of $2.87 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $2.95. For the next year, analysts anticipate that the firm will post earnings of $3.38 per share, with EPS estimates ranging from $3.20 to $3.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Power Integrations.
Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The company had revenue of $108.20 million during the quarter, compared to analyst estimates of $110.50 million. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share.
Power Integrations (NASDAQ:POWI) opened at $73.05 on Tuesday. The company has a market capitalization of $2,150.00, a PE ratio of 33.98 and a beta of 1.23. Power Integrations has a 12-month low of $60.55 and a 12-month high of $86.60.
Power Integrations declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 1st that allows the company to buyback $30.00 million in shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.64 annualized dividend and a yield of 0.88%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.14. Power Integrations’s dividend payout ratio (DPR) is currently 29.77%.
In other Power Integrations news, insider Balu Balakrishnan sold 17,186 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.02, for a total transaction of $1,083,061.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Bickell sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. The disclosure for this sale can be found here. Insiders have sold 62,235 shares of company stock valued at $4,234,629 in the last 90 days. Company insiders own 4.30% of the company’s stock.
Several large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Power Integrations by 4.1% during the fourth quarter. BlackRock Inc. now owns 3,690,626 shares of the semiconductor company’s stock valued at $271,447,000 after buying an additional 146,319 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Power Integrations by 4.6% during the third quarter. Neuberger Berman Group LLC now owns 2,925,039 shares of the semiconductor company’s stock valued at $214,113,000 after buying an additional 128,790 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Power Integrations by 0.5% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,217,462 shares of the semiconductor company’s stock valued at $89,544,000 after purchasing an additional 5,675 shares during the period. Impax Asset Management LTD boosted its holdings in shares of Power Integrations by 16.3% in the fourth quarter. Impax Asset Management LTD now owns 976,678 shares of the semiconductor company’s stock valued at $71,835,000 after purchasing an additional 136,891 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of Power Integrations by 1.0% in the third quarter. Stephens Investment Management Group LLC now owns 644,192 shares of the semiconductor company’s stock valued at $47,155,000 after purchasing an additional 6,226 shares during the period. Institutional investors and hedge funds own 96.28% of the company’s stock.
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About Power Integrations
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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