Power Integrations, Inc. (POWI) Expected to Announce Quarterly Sales of $110.01 Million
Brokerages expect that Power Integrations, Inc. (NASDAQ:POWI) will report sales of $110.01 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Power Integrations’ earnings, with the lowest sales estimate coming in at $110.00 million and the highest estimate coming in at $110.01 million. Power Integrations reported sales of $101.11 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The company is expected to report its next quarterly earnings results on Wednesday, February 7th.
On average, analysts expect that Power Integrations will report full-year sales of $110.01 million for the current fiscal year, with estimates ranging from $433.50 million to $433.51 million. For the next year, analysts anticipate that the company will post sales of $478.93 million per share, with estimates ranging from $477.15 million to $480.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Power Integrations.
Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.05. The business had revenue of $111.30 million during the quarter, compared to analyst estimates of $111.82 million. Power Integrations had a return on equity of 11.95% and a net margin of 13.69%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS.
A number of research firms have commented on POWI. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 target price (up previously from $82.00) on shares of Power Integrations in a report on Sunday, July 30th. Drexel Hamilton reissued a “buy” rating and issued a $84.00 target price on shares of Power Integrations in a report on Friday, October 27th. Zacks Investment Research raised Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub lowered Power Integrations from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Deutsche Bank AG lowered Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a report on Tuesday, July 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Power Integrations presently has an average rating of “Buy” and an average target price of $83.50.
In other news, VP Raja Petrakian sold 2,272 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was 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 in the company, valued at approximately $2,122,845.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Balu Balakrishnan sold 51,350 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $80.71, for a total value of $4,144,458.50. Following the completion of the transaction, the chief executive officer now owns 268,226 shares in the company, valued at $21,648,520.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,835 shares of company stock worth $4,466,388. Company insiders own 4.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its position in Power Integrations by 0.4% during the second quarter. Jennison Associates LLC now owns 5,424 shares of the semiconductor company’s stock valued at $395,000 after purchasing an additional 23 shares in the last quarter. Renaissance Group LLC lifted its position in Power Integrations by 1.1% during the second quarter. Renaissance Group LLC now owns 5,278 shares of the semiconductor company’s stock valued at $385,000 after purchasing an additional 56 shares in the last quarter. Pinebridge Investments L.P. lifted its position in Power Integrations by 2.0% during the second quarter. Pinebridge Investments L.P. now owns 3,912 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 75 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Power Integrations by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the semiconductor company’s stock valued at $882,000 after purchasing an additional 100 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Power Integrations by 0.7% during the second quarter. Arizona State Retirement System now owns 15,474 shares of the semiconductor company’s stock valued at $1,128,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.
Power Integrations (POWI) traded down $0.65 during trading on Tuesday, hitting $79.55. The company’s stock had a trading volume of 78,500 shares, compared to its average volume of 174,453. The company has a market cap of $2,360.00, a price-to-earnings ratio of 38.19 and a beta of 1.28. Power Integrations has a twelve month low of $61.44 and a twelve month high of $86.60.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. Power Integrations’s dividend payout ratio (DPR) is currently 29.17%.
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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