Power Integrations (POWI) Given News Sentiment Score of 0.16
Media coverage about Power Integrations (NASDAQ:POWI) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, 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 gave news stories about the semiconductor company an impact score of 47.6876897723658 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- $0.73 Earnings Per Share Expected for Power Integrations, Inc. (POWI) This Quarter (americanbankingnews.com)
- Power Integrations : Enables No-Neutral Wireless Wall Switches for Smart-Home Lighting (4-traders.com)
- Power Integrations, Inc. (POWI) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Power Integrations axpands Asian presence with new production-support and R&D center in Malaysia (thehindubusinessline.com)
- Power Integrations : Expands Asian Presence With New Production-Support and R&D Center in Malaysia (4-traders.com)
Power Integrations (POWI) traded up 0.441% during midday trading on Monday, reaching $74.075. 26,124 shares of the company traded hands. Power Integrations has a one year low of $60.67 and a one year high of $82.80. The firm has a 50-day moving average price of $72.83 and a 200-day moving average price of $70.03. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 41.176 and a beta of 1.28.
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 Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $107.56 million during the quarter, compared to analyst estimates of $107.85 million. Power Integrations had a return on equity of 12.08% and a net margin of 13.37%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. Equities analysts predict that Power Integrations will post $2.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Tuesday, August 29th. Power Integrations’s payout ratio is presently 29.95%.
Several equities analysts have commented on POWI shares. Stifel Nicolaus reiterated a “buy” rating and issued a $82.00 price objective (up from $75.00) on shares of Power Integrations in a report on Friday, June 30th. Deutsche Bank AG downgraded shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. 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 downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $81.33.
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In other Power Integrations news, VP David Mh Matthews sold 1,000 shares of Power Integrations stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $71.22, for a total transaction of $71,220.00. Following the completion of the transaction, the vice president now owns 43,405 shares of the company’s stock, valued at approximately $3,091,304.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Raja Petrakian sold 2,272 shares of Power Integrations stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $68.89, for a total value of $156,518.08. Following the transaction, the vice president now directly owns 30,815 shares of the company’s stock, valued at approximately $2,122,845.35. The disclosure for this sale can be found here. Insiders have sold a total of 3,593 shares of company stock valued at $250,457 in the last ninety days. Insiders own 4.30% of the company’s stock.
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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