Power Integrations Inc (POWI) Expected to Post Quarterly Sales of $97.09 Million

Brokerages expect Power Integrations Inc (NASDAQ:POWI) to report sales of $97.09 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Power Integrations’ earnings, with estimates ranging from $97.00 million to $97.18 million. Power Integrations posted sales of $108.25 million in the same quarter last year, which suggests a negative year-over-year growth rate of 10.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 7th.

On average, analysts expect that Power Integrations will report full-year sales of $419.72 million for the current year, with estimates ranging from $419.60 million to $419.83 million. For the next financial year, analysts forecast that the company will report sales of $442.11 million, with estimates ranging from $439.20 million to $445.02 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Power Integrations.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The company had revenue of $110.09 million during the quarter, compared to analyst estimates of $113.95 million. Power Integrations had a net margin of 7.04% and a return on equity of 13.46%.

A number of brokerages have recently weighed in on POWI. Loop Capital lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. BidaskClub raised shares of Power Integrations from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. ValuEngine raised shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Stifel Nicolaus cut shares of Power Integrations from a “buy” rating to a “hold” rating and reduced their target price for the company from $85.00 to $75.00 in a report on Wednesday, September 12th. Finally, Zacks Investment Research cut shares of Power Integrations from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $82.20.

Shares of POWI traded up $0.52 during trading hours on Friday, reaching $59.67. 45,916 shares of the company traded hands, compared to its average volume of 232,939. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 26.17 and a beta of 0.96. Power Integrations has a 12 month low of $47.35 and a 12 month high of $81.85.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, November 30th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 29th. Power Integrations’s dividend payout ratio (DPR) is 28.07%.

In other news, VP Clifford Walker sold 1,984 shares of Power Integrations stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $72.45, for a total transaction of $143,740.80. Following the completion of the transaction, the vice president now directly owns 88,824 shares of the company’s stock, valued at approximately $6,435,298.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Doug Bailey sold 500 shares of Power Integrations stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $72.95, for a total transaction of $36,475.00. Following the transaction, the vice president now directly owns 53,708 shares of the company’s stock, valued at $3,917,998.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,863 shares of company stock valued at $660,046. Insiders own 4.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. Ceredex Value Advisors LLC purchased a new stake in Power Integrations in the 3rd quarter worth $92,259,000. Disciplined Growth Investors Inc. MN increased its holdings in Power Integrations by 19.6% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,658,590 shares of the semiconductor company’s stock worth $121,160,000 after acquiring an additional 271,950 shares in the last quarter. BlackRock Inc. increased its holdings in Power Integrations by 6.7% in the 2nd quarter. BlackRock Inc. now owns 4,017,694 shares of the semiconductor company’s stock worth $293,492,000 after acquiring an additional 253,981 shares in the last quarter. Granahan Investment Management Inc. MA increased its holdings in Power Integrations by 114.5% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 207,088 shares of the semiconductor company’s stock worth $15,128,000 after acquiring an additional 110,545 shares in the last quarter. Finally, Tygh Capital Management Inc. purchased a new stake in Power Integrations in the 2nd quarter worth $5,885,000.

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 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, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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