Brokerages Expect Power Integrations Inc (POWI) to Post $0.53 EPS

Brokerages predict that Power Integrations Inc (NASDAQ:POWI) will report earnings per share of $0.53 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Power Integrations’ earnings. The highest EPS estimate is $0.53 and the lowest is $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 firm 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 year, analysts forecast that the business will report earnings of $3.01 per share, with EPS estimates ranging from $2.83 to $3.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Power Integrations.

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

POWI has been the subject of several recent analyst reports. BidaskClub cut Power Integrations from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research upgraded Power Integrations from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, May 3rd. Northland Securities restated a “hold” rating and set a $52.00 target price on shares of Power Integrations in a research note on Wednesday, March 27th. Finally, Loop Capital upped their target price on Power Integrations to $78.00 and gave the stock an “in-line” rating in a research note on Friday, April 26th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $73.25.

NASDAQ POWI traded down $0.10 on Friday, hitting $67.46. 92,860 shares of the company’s stock were exchanged, compared to its average volume of 148,310. Power Integrations has a 52 week low of $47.35 and a 52 week high of $81.37. The stock has a market capitalization of $1.97 billion, a PE ratio of 31.52 and a beta of 1.08.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, May 30th. Power Integrations’s payout ratio is 31.78%.

In other news, CFO Sandeep Nayyar sold 5,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $79.94, for a total value of $399,700.00. Following the completion of the transaction, the chief financial officer now directly owns 82,512 shares in the company, valued at approximately $6,596,009.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William George sold 511 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $74.00, for a total value of $37,814.00. Following the completion of the transaction, the director now owns 30,356 shares of the company’s stock, valued at $2,246,344. The disclosure for this sale can be found here. Insiders sold a total of 27,282 shares of company stock valued at $2,087,370 over the last quarter. 4.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in shares of Power Integrations by 1,426.5% in the 1st quarter. Quadrant Capital Group LLC now owns 748 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 699 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Power Integrations in the 4th quarter valued at $54,000. One Wealth Advisors LLC bought a new position in shares of Power Integrations in the 1st quarter valued at $54,000. Ellis Investment Partners LLC bought a new position in Power Integrations during the 1st quarter worth $77,000. Finally, We Are One Seven LLC bought a new position in Power Integrations during the 4th quarter worth $87,000. Institutional investors own 97.55% of the company’s stock.

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 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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