Power Integrations, Inc. (POWI) Expected to Announce Quarterly Sales of $111.05 Million
Brokerages expect Power Integrations, Inc. (NASDAQ:POWI) to post sales of $111.05 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Power Integrations’ earnings, with the highest sales estimate coming in at $111.09 million and the lowest estimate coming in at $111.00 million. Power Integrations reported sales of $103.79 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The firm is expected to report its next earnings report on Thursday, October 26th.
On average, analysts expect that Power Integrations will report full year sales of $111.05 million for the current financial year, with estimates ranging from $433.30 million to $435.07 million. For the next financial year, analysts forecast that the company will post sales of $478.49 million per share, with estimates ranging from $478.48 million to $478.50 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, July 27th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $107.56 million during the quarter, compared to the consensus estimate of $107.85 million. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share.
A number of equities analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $82.00 price target (up from $75.00) on shares of Power Integrations in a research note on Friday, June 30th. Deutsche Bank AG lowered shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a report on Tuesday, May 30th. Drexel Hamilton set a $84.00 price objective on shares of Power Integrations and gave the company a “buy” rating in a report on Friday, July 28th. Finally, BidaskClub lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $78.50.
Power Integrations (NASDAQ POWI) opened at 73.85 on Friday. The company has a market capitalization of $2.20 billion, a P/E ratio of 41.05 and a beta of 1.23. The stock’s 50 day moving average is $71.13 and its 200 day moving average is $68.55. Power Integrations has a 52 week low of $59.41 and a 52 week high of $82.80.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. Power Integrations’s payout ratio is 29.95%.
In other news, VP Doug Bailey sold 4,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $72.93, for a total value of $291,720.00. Following the completion of the sale, the vice president now owns 46,976 shares in the company, valued at approximately $3,425,959.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David Mh Matthews sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total transaction of $71,220.00. Following the completion of the sale, the vice president now owns 43,405 shares of the company’s stock, valued at approximately $3,091,304.10. The disclosure for this sale can be found here. Insiders have sold a total of 134,593 shares of company stock valued at $10,278,057 in the last quarter. 4.30% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Huntington National Bank raised its holdings in shares of Power Integrations by 22.8% in the 2nd quarter. Huntington National Bank now owns 1,504 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 279 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Power Integrations by 14.5% in the 2nd quarter. Advisor Group Inc. now owns 1,827 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 231 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Power Integrations by 22.7% in the 1st quarter. Victory Capital Management Inc. now owns 2,210 shares of the semiconductor company’s stock valued at $145,000 after purchasing an additional 409 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Power Integrations in the 1st quarter valued at about $156,000. Finally, Riverhead Capital Management LLC raised its holdings in shares of Power Integrations by 71.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,397 shares of the semiconductor company’s stock valued at $175,000 after purchasing an additional 997 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.
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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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