Wall Street analysts expect that Power Integrations Inc (NASDAQ:POWI) will announce $0.53 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Power Integrations’ earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.52. Power Integrations reported earnings per share of $0.74 in the same quarter last year, which would suggest a negative year over year growth rate of 28.4%. The company is expected to announce its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Power Integrations will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.40. For the next fiscal year, analysts forecast that the firm will post earnings of $3.01 per share, with EPS estimates ranging from $2.83 to $3.10. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Power Integrations.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19. The firm had revenue of $89.19 million for the quarter, compared to analysts’ expectations of $90.10 million. Power Integrations had a net margin of 15.67% and a return on equity of 10.86%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share.

A number of analysts have weighed in on the stock. BidaskClub raised shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th. Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Loop Capital upped their price target on shares of Power Integrations to $78.00 and gave the stock an “in-line” rating in a research report on Friday, April 26th. Northland Securities restated a “hold” rating and set a $52.00 price target on shares of Power Integrations in a research report on Friday, April 26th. Finally, ValuEngine upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $73.25.

POWI traded down $3.03 during trading on Friday, hitting $68.97. The company had a trading volume of 104,232 shares, compared to its average volume of 147,230. The stock has a market capitalization of $2.02 billion, a PE ratio of 32.23 and a beta of 1.08. Power Integrations has a 1-year low of $47.35 and a 1-year high of $81.37.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.99%. Power Integrations’s dividend payout ratio is presently 31.78%.

In other news, CFO Sandeep Nayyar sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $79.94, for a total transaction of $399,700.00. Following the completion of the transaction, the chief financial officer now owns 82,512 shares in the company, valued at approximately $6,596,009.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Radu Barsan sold 1,625 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $70.66, for a total transaction of $114,822.50. Following the transaction, the vice president now owns 64,052 shares of the company’s stock, valued at approximately $4,525,914.32. The disclosure for this sale can be found here. Insiders sold a total of 38,091 shares of company stock valued at $2,859,215 in the last quarter. 4.10% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of POWI. Quadrant Capital Group LLC boosted its position in shares of Power Integrations by 1,426.5% during the 1st quarter. Quadrant Capital Group LLC now owns 748 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 699 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Power Integrations during the fourth quarter valued at about $54,000. One Wealth Advisors LLC purchased a new stake in Power Integrations during the first quarter valued at about $54,000. Ellis Investment Partners LLC purchased a new stake in shares of Power Integrations in the first quarter worth approximately $77,000. Finally, We Are One Seven LLC purchased a new stake in shares of Power Integrations in the fourth quarter worth approximately $87,000. Institutional investors own 99.37% 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 worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

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