Brokerages Expect Power Integrations Inc (POWI) Will Announce Quarterly Sales of $99.75 Million

Wall Street brokerages predict that Power Integrations Inc (NASDAQ:POWI) will report $99.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Power Integrations’ earnings, with the highest sales estimate coming in at $100.00 million and the lowest estimate coming in at $99.50 million. Power Integrations reported sales of $109.48 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Power Integrations will report full year sales of $418.95 million for the current financial year, with estimates ranging from $418.80 million to $419.20 million. For the next year, analysts anticipate that the business will post sales of $480.68 million, with estimates ranging from $475.10 million to $486.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Power Integrations.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Thursday, April 25th. The semiconductor company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.22 by $0.19. The company had revenue of $89.19 million during the quarter, compared to analysts’ expectations of $90.10 million. Power Integrations had a net margin of 15.67% and a return on equity of 10.86%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.



Several equities analysts have recently issued reports on POWI shares. BidaskClub raised shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, May 3rd. Northland Securities reissued a “hold” rating and issued a $52.00 price target on shares of Power Integrations in a report on Wednesday, March 27th. ValuEngine raised shares of Power Integrations from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Finally, Loop Capital upped their target price on shares of Power Integrations to $78.00 and gave the stock an “in-line” rating in a research note on Friday, April 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Power Integrations has a consensus rating of “Hold” and a consensus target price of $73.25.

Shares of POWI stock opened at $67.56 on Tuesday. Power Integrations has a 12-month low of $47.35 and a 12-month high of $81.37. The firm has a market capitalization of $1.98 billion, a PE ratio of 31.57 and a beta of 1.08.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, May 30th. Power Integrations’s payout ratio is presently 31.78%.

In other news, Director Steven Sharp sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $79.28, for a total value of $237,840.00. Following the sale, the director now directly owns 34,106 shares of the company’s stock, valued at approximately $2,703,923.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William George sold 511 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $74.00, for a total transaction of $37,814.00. Following the completion of the sale, the director now directly owns 30,356 shares in the company, valued at $2,246,344. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,282 shares of company stock worth $2,087,370. 4.10% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Amalgamated Bank bought a new stake in shares of Power Integrations in the 4th quarter valued at about $273,000. Arizona State Retirement System raised its holdings in shares of Power Integrations by 5.9% in the 4th quarter. Arizona State Retirement System now owns 45,166 shares of the semiconductor company’s stock valued at $2,754,000 after purchasing an additional 2,507 shares during the period. Morgan Stanley raised its holdings in shares of Power Integrations by 33.0% in the 3rd quarter. Morgan Stanley now owns 112,673 shares of the semiconductor company’s stock valued at $7,122,000 after purchasing an additional 27,982 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Power Integrations by 10.2% in the 4th quarter. Hsbc Holdings PLC now owns 3,662 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 340 shares during the period. Finally, Neuburgh Advisers LLC raised its holdings in shares of Power Integrations by 4.2% in the 4th quarter. Neuburgh Advisers LLC now owns 3,828 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 154 shares during the period. 97.55% of the stock is currently 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 worldwide. 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, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.

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