$0.75 EPS Expected for Power Integrations, Inc. (NASDAQ:POWI) This Quarter

Wall Street brokerages expect Power Integrations, Inc. (NASDAQ:POWI) to post earnings per share of $0.75 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Power Integrations’ earnings, with estimates ranging from $0.73 to $0.76. Power Integrations posted earnings per share of $0.33 in the same quarter last year, which indicates a positive year over year growth rate of 127.3%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, July 29th.

According to Zacks, analysts expect that Power Integrations will report full year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.80. For the next financial year, analysts forecast that the business will report earnings of $2.51 per share, with EPS estimates ranging from $2.15 to $2.80. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Power Integrations.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, April 29th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.20. The company had revenue of $173.74 million during the quarter, compared to the consensus estimate of $150.25 million. Power Integrations had a net margin of 17.21% and a return on equity of 12.28%. During the same period in the previous year, the firm posted $0.38 earnings per share.

A number of research firms have weighed in on POWI. Northland Securities cut their price objective on shares of Power Integrations from $88.00 to $77.00 and set a “market perform” rating for the company in a report on Tuesday, May 18th. Zacks Investment Research cut shares of Power Integrations from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $85.17.

In other news, VP Doug Bailey sold 8,830 shares of the business’s stock in a transaction dated Thursday, May 6th. The shares were sold at an average price of $80.60, for a total transaction of $711,698.00. Following the completion of the sale, the vice president now owns 111,865 shares of the company’s stock, valued at $9,016,319. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in POWI. Norges Bank purchased a new stake in Power Integrations during the 4th quarter valued at about $64,984,000. BlackRock Inc. grew its stake in Power Integrations by 4.1% during the 1st quarter. BlackRock Inc. now owns 9,970,579 shares of the semiconductor company’s stock valued at $812,403,000 after acquiring an additional 391,459 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Power Integrations during the 4th quarter valued at about $14,612,000. Millennium Management LLC grew its stake in Power Integrations by 1,453.5% during the 1st quarter. Millennium Management LLC now owns 183,194 shares of the semiconductor company’s stock valued at $14,927,000 after acquiring an additional 171,402 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Power Integrations by 7.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,350,292 shares of the semiconductor company’s stock valued at $192,396,000 after acquiring an additional 165,680 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

NASDAQ POWI traded down $2.18 on Thursday, reaching $82.32. 12,330 shares of the company’s stock traded hands, compared to its average volume of 253,053. Power Integrations has a fifty-two week low of $50.34 and a fifty-two week high of $99.05. The business has a 50 day moving average of $80.65. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 49.52 and a beta of 0.93.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Friday, May 28th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, May 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.63%. Power Integrations’s dividend payout ratio is currently 42.62%.

About Power Integrations

Power Integrations, Inc engages in the design, development and marketing of analog and mixed-signal integrated circuits and other electronic components and circuitry used in high voltage power conversion. Its products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use.

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