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%.
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.
See Also: How Investors Use a Balance Sheet
Receive News & Ratings for Power Integrations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Integrations and related companies with MarketBeat.com's FREE daily email newsletter.