Power Integrations (POWI) Releases Earnings Results, Beats Estimates By $0.01 EPS

Power Integrations (NASDAQ:POWI) issued its quarterly earnings results on Thursday. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01, Fidelity Earnings reports. The firm had revenue of $110.09 million for the quarter, compared to the consensus estimate of $113.95 million. Power Integrations had a net margin of 6.76% and a return on equity of 13.07%.

Shares of Power Integrations stock traded down $4.44 during trading on Friday, reaching $50.01. 460,682 shares of the company traded hands, compared to its average volume of 184,502. Power Integrations has a 1-year low of $53.30 and a 1-year high of $86.60. The company has a market capitalization of $1.74 billion, a PE ratio of 21.93 and a beta of 0.91.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, November 30th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.28%. Power Integrations’s payout ratio is presently 28.07%.



In other Power Integrations news, VP Doug Bailey sold 500 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $71.35, for a total transaction of $35,675.00. Following the completion of the sale, the vice president now owns 53,873 shares in the company, valued at approximately $3,843,838.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Balakrishnan S. Iyer sold 5,500 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $73.51, for a total transaction of $404,305.00. Following the sale, the director now owns 20,240 shares of the company’s stock, valued at approximately $1,487,842.40. The disclosure for this sale can be found here. Insiders have sold a total of 11,314 shares of company stock worth $828,001 in the last quarter. 4.00% of the stock is owned by corporate insiders.

POWI has been the topic of a number of research reports. Loop Capital downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet downgraded shares of Power Integrations from a “b-” rating to a “c+” rating in a research report on Wednesday. ValuEngine upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. BidaskClub upgraded shares of Power Integrations from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 16th. Finally, Zacks Investment Research downgraded shares of Power Integrations from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $82.20.

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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