$0.36 EPS Expected for Power Integrations Inc (NASDAQ:POWI) This Quarter

Brokerages predict that Power Integrations Inc (NASDAQ:POWI) will report $0.36 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Power Integrations’ earnings. The highest EPS estimate is $0.36 and the lowest is $0.35. Power Integrations reported earnings per share of $0.39 during the same quarter last year, which would indicate a negative year over year growth rate of 7.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 22nd.

On average, analysts expect that Power Integrations will report full year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.36 to $1.44. For the next fiscal year, analysts anticipate that the company will post earnings of $1.61 per share, with EPS estimates ranging from $1.45 to $1.76. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Power Integrations.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Power Integrations had a net margin of 45.94% and a return on equity of 9.38%. The company had revenue of $106.83 million during the quarter, compared to analysts’ expectations of $106.20 million.

A number of analysts have weighed in on POWI shares. BidaskClub lowered shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, August 14th. Deutsche Bank lifted their price target on shares of Power Integrations from $93.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Stifel Nicolaus reduced their price target on shares of Power Integrations from $138.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Finally, Northland Securities upgraded shares of Power Integrations from an “under perform” rating to a “market perform” rating and set a $65.00 price target for the company in a research note on Thursday, August 20th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $94.60.

NASDAQ POWI traded down $0.53 during trading hours on Wednesday, reaching $54.45. 413,255 shares of the company’s stock traded hands, compared to its average volume of 468,939. Power Integrations has a 52-week low of $38.57 and a 52-week high of $63.69. The firm has a market cap of $3.25 billion, a PE ratio of 15.97 and a beta of 1.00. The firm has a 50-day simple moving average of $86.16 and a 200 day simple moving average of $99.29.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a dividend of $0.11 per share. The ex-dividend date is Friday, August 28th. This represents a $0.44 annualized dividend and a yield of 0.81%. Power Integrations’s dividend payout ratio (DPR) is 49.44%.

In other Power Integrations news, VP Doug Bailey sold 500 shares of Power Integrations stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $121.00, for a total transaction of $60,500.00. Following the transaction, the vice president now owns 59,861 shares of the company’s stock, valued at $7,243,181. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Necip Sayiner sold 1,725 shares of Power Integrations stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $120.17, for a total transaction of $207,293.25. Following the transaction, the director now directly owns 2,535 shares in the company, valued at approximately $304,630.95. The disclosure for this sale can be found here. Insiders have sold 9,717 shares of company stock valued at $1,176,971 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of POWI. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Power Integrations by 41.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,156 shares of the semiconductor company’s stock worth $373,000 after buying an additional 929 shares during the last quarter. ProShare Advisors LLC grew its position in Power Integrations by 93.5% in the 2nd quarter. ProShare Advisors LLC now owns 17,868 shares of the semiconductor company’s stock worth $2,111,000 after purchasing an additional 8,632 shares in the last quarter. Bessemer Group Inc. grew its position in Power Integrations by 714.3% in the 2nd quarter. Bessemer Group Inc. now owns 24,624 shares of the semiconductor company’s stock worth $2,908,000 after purchasing an additional 21,600 shares in the last quarter. Legal & General Group Plc grew its position in Power Integrations by 0.8% in the 1st quarter. Legal & General Group Plc now owns 86,681 shares of the semiconductor company’s stock worth $7,657,000 after purchasing an additional 703 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Power Integrations by 4.5% in the first quarter. Geode Capital Management LLC now owns 478,061 shares of the semiconductor company’s stock valued at $42,226,000 after acquiring an additional 20,804 shares during the last quarter. 49.03% of the stock is currently owned by institutional investors and hedge funds.

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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