According to Zacks, “Power Integrations, Inc. designs, develops, manufactures and markets proprietary, high-voltage, analog integrated circuits for use primarily in alternating current to direct current power conversion. The company has targeted high-volume power supply markets including: the cellular telephone market, the personal computer market, the cable and direct broadcast satellite decoder box market, and various other consumer and industrial electronics markets. “
POWI has been the topic of several other reports. Sidoti cut Power Integrations from a buy rating to a neutral rating in a research note on Thursday, June 23rd. Deutsche Bank AG lifted their target price on Power Integrations from $55.00 to $65.00 and gave the stock a buy rating in a research note on Friday, July 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $60.40.
Power Integrations (NASDAQ:POWI) opened at 63.77 on Thursday. Power Integrations has a one year low of $39.53 and a one year high of $63.80. The company’s 50-day moving average is $59.36 and its 200-day moving average is $52.67. The firm has a market capitalization of $1.84 billion, a P/E ratio of 42.40 and a beta of 1.13.
Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. Power Integrations had a return on equity of 11.64% and a net margin of 12.36%. The business had revenue of $97.20 million for the quarter, compared to analysts’ expectations of $91.22 million. During the same period last year, the business earned $0.47 EPS. The business’s revenue was up 14.0% on a year-over-year basis. Equities analysts forecast that Power Integrations will post $2.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.82%. The ex-dividend date was Monday, August 29th. Power Integrations’s dividend payout ratio (DPR) is currently 34.44%.
In other Power Integrations news, VP Doug Bailey sold 460 shares of Power Integrations stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $60.00, for a total transaction of $27,600.00. Following the completion of the transaction, the vice president now owns 26,759 shares of the company’s stock, valued at approximately $1,605,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balu Balakrishnan sold 5,000 shares of Power Integrations stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the chief executive officer now directly owns 210,730 shares of the company’s stock, valued at approximately $11,590,150. The disclosure for this sale can be found here. 5.70% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of POWI. BlackRock Inc. raised its position in Power Integrations by 125.5% in the first quarter. BlackRock Inc. now owns 2,142 shares of the company’s stock worth $106,000 after buying an additional 1,192 shares during the last quarter. Bank of Montreal Can bought a new position in Power Integrations during the second quarter worth $175,000. PineBridge Investments L.P. raised its position in Power Integrations by 4.1% in the second quarter. PineBridge Investments L.P. now owns 3,653 shares of the company’s stock worth $183,000 after buying an additional 144 shares during the last quarter. Teacher Retirement System of Texas raised its position in Power Integrations by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,976 shares of the company’s stock worth $199,000 after buying an additional 482 shares during the last quarter. Finally, Globeflex Capital L P bought a new position in Power Integrations during the second quarter worth $215,000. 97.78% of the stock is 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. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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