Power Integrations (POWI) Given News Impact Rating of 0.16
News articles about Power Integrations (NASDAQ:POWI) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Power Integrations earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.0074190990571 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a $85.00 price target on shares of Power Integrations in a research report on Sunday, September 3rd. BidaskClub lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Drexel Hamilton set a $84.00 price target on shares of Power Integrations and gave the stock a “buy” rating in a research report on Friday, July 28th. Deutsche Bank AG lowered shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $78.50.
Power Integrations (POWI) opened at 73.95 on Monday. Power Integrations has a 12-month low of $56.74 and a 12-month high of $82.80. The firm has a 50-day moving average of $71.95 and a 200 day moving average of $68.27. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 41.11 and a beta of 1.23.
Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The firm had revenue of $107.56 million during the quarter, compared to the consensus estimate of $107.85 million. During the same period last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts predict that Power Integrations will post $2.77 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. Power Integrations’s dividend payout ratio is currently 29.95%.
In other Power Integrations news, insider Balu Balakrishnan sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $75.00, for a total transaction of $3,750,000.00. Following the sale, the insider now directly owns 319,576 shares of the company’s stock, valued at approximately $23,968,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Raja Petrakian sold 2,272 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $68.89, for a total transaction of $156,518.08. Following the sale, the vice president now directly owns 30,815 shares in the company, valued at $2,122,845.35. The disclosure for this sale can be found here. Insiders have sold a total of 134,593 shares of company stock worth $10,278,057 over the last ninety days. 4.30% of the stock is owned by corporate insiders.
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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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