Power Integrations (POWI) Issues Quarterly Earnings Results

Power Integrations (NASDAQ:POWI) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.30 by $0.24, Bloomberg Earnings reports. Power Integrations had a net margin of 16.83% and a return on equity of 12.18%. The company had revenue of $93.30 million during the quarter, compared to analysts’ expectations of $97.12 million. During the same quarter in the previous year, the business posted $0.74 EPS. The firm’s revenue was down 13.8% on a year-over-year basis.

Shares of NASDAQ:POWI opened at $71.40 on Friday. The company has a market cap of $1.99 billion, a PE ratio of 31.49 and a beta of 1.00. Power Integrations has a twelve month low of $47.35 and a twelve month high of $80.50.

In other news, CFO Sandeep Nayyar sold 917 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $66.04, for a total transaction of $60,558.68. Following the completion of the sale, the chief financial officer now owns 68,249 shares in the company, valued at approximately $4,507,163.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ben Sutherland sold 731 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $66.58, for a total transaction of $48,669.98. Following the sale, the vice president now owns 37,761 shares of the company’s stock, valued at approximately $2,514,127.38. The disclosure for this sale can be found here. Insiders have sold a total of 22,081 shares of company stock valued at $1,456,963 in the last 90 days. Insiders own 4.00% of the company’s stock.

Several large investors have recently modified their holdings of POWI. Ceredex Value Advisors LLC purchased a new stake in shares of Power Integrations during the 3rd quarter worth approximately $92,259,000. BlackRock Inc. lifted its position in shares of Power Integrations by 4.6% during the 3rd quarter. BlackRock Inc. now owns 4,201,112 shares of the semiconductor company’s stock worth $265,510,000 after buying an additional 183,418 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Power Integrations during the 4th quarter worth approximately $10,055,000. Robecosam AG lifted its position 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 worth $25,492,000 after buying an additional 64,000 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position in shares of Power Integrations by 3.7% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,719,472 shares of the semiconductor company’s stock worth $108,671,000 after buying an additional 60,882 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

Several research firms have commented on POWI. ValuEngine upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Zacks Investment Research upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Friday, December 28th. Northland Securities began coverage on shares of Power Integrations in a report on Monday, November 26th. They set an “outperform” rating and a $66.00 price target for the company. BidaskClub upgraded shares of Power Integrations from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. Finally, TheStreet upgraded shares of Power Integrations from a “c+” rating to a “b-” rating in a report on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $78.50.

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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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Earnings History for Power Integrations (NASDAQ:POWI)

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