$97.09 Million in Sales Expected for Power Integrations Inc (POWI) This Quarter

Wall Street brokerages predict that Power Integrations Inc (NASDAQ:POWI) will post $97.09 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Power Integrations’ earnings, with estimates ranging from $97.00 million to $97.18 million. Power Integrations reported sales of $108.25 million in the same quarter last year, which indicates a negative year over year growth rate of 10.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 7th.

On average, analysts expect that Power Integrations will report full-year sales of $419.71 million for the current year, with estimates ranging from $419.60 million to $419.83 million. For the next year, analysts anticipate that the firm will report sales of $437.44 million, with estimates ranging from $428.10 million to $445.02 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Power Integrations.

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

POWI has been the subject of several research analyst reports. ValuEngine downgraded Power Integrations from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Zacks Investment Research downgraded Power Integrations from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. BidaskClub raised Power Integrations from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. TheStreet downgraded Power Integrations from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Finally, Loop Capital downgraded Power Integrations from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $78.50.

Shares of NASDAQ:POWI traded up $1.04 during midday trading on Friday, reaching $63.62. The company had a trading volume of 136,800 shares, compared to its average volume of 175,387. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 27.90 and a beta of 0.92. Power Integrations has a 1-year low of $47.35 and a 1-year high of $80.50.

The company also recently declared a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, November 30th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Thursday, November 29th. Power Integrations’s dividend payout ratio (DPR) is presently 28.07%.

In other news, Director Nicholas Brathwaite sold 8,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $57.24, for a total transaction of $457,920.00. Following the completion of the sale, the director now directly owns 31,458 shares of the company’s stock, valued at approximately $1,800,655.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 8,544 shares of company stock valued at $489,933 over the last ninety days. Company insiders own 4.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of POWI. Ceredex Value Advisors LLC purchased a new stake in shares of Power Integrations during the 3rd quarter worth about $92,259,000. Disciplined Growth Investors Inc. MN raised its stake in shares of Power Integrations by 19.6% during 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 purchasing an additional 271,950 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Power Integrations by 6.7% during the 2nd quarter. BlackRock Inc. now owns 4,017,694 shares of the semiconductor company’s stock valued at $293,492,000 after acquiring an additional 253,981 shares during the last quarter. Granahan Investment Management Inc. MA increased its holdings in shares of Power Integrations by 114.5% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 207,088 shares of the semiconductor company’s stock valued at $15,128,000 after acquiring an additional 110,545 shares during the last quarter. Finally, Robecosam AG increased its holdings in shares of Power Integrations by 18.8% during the 3rd quarter. Robecosam AG now owns 404,000 shares of the semiconductor company’s stock valued at $25,492,000 after acquiring an additional 64,000 shares during the last quarter. 99.40% of the stock is owned by institutional investors.

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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