According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
A number of other research firms have also commented on POWI. Loop Capital reissued a hold rating and issued a $76.00 target price on shares of Power Integrations in a report on Tuesday, June 18th. Northland Securities reissued an underperform rating and issued a $70.00 target price on shares of Power Integrations in a report on Monday, July 29th. BidaskClub raised Power Integrations from a buy rating to a strong-buy rating in a report on Saturday, July 27th. Deutsche Bank set a $80.00 price objective on Power Integrations and gave the stock a hold rating in a report on Friday, July 26th. Finally, Stifel Nicolaus set a $97.00 price objective on Power Integrations and gave the stock a buy rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Power Integrations presently has an average rating of Hold and an average price target of $85.60.
Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, July 25th. The semiconductor company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The business had revenue of $102.87 million during the quarter, compared to analyst estimates of $100.04 million. Power Integrations had a return on equity of 9.87% and a net margin of 14.79%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. On average, research analysts expect that Power Integrations will post 1.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, August 29th. Power Integrations’s payout ratio is currently 31.78%.
In related news, VP Doug Bailey sold 1,000 shares of Power Integrations stock in a transaction on Monday, July 1st. The stock was sold at an average price of $82.00, for a total value of $82,000.00. Following the completion of the sale, the vice president now owns 58,298 shares of the company’s stock, valued at $4,780,436. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ben Sutherland sold 364 shares of Power Integrations stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $83.77, for a total value of $30,492.28. Following the completion of the sale, the vice president now directly owns 41,371 shares of the company’s stock, valued at approximately $3,465,648.67. The disclosure for this sale can be found here. Insiders sold 84,141 shares of company stock valued at $7,629,656 in the last ninety days. 4.10% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Huntington National Bank grew its holdings in shares of Power Integrations by 19.9% in the second quarter. Huntington National Bank now owns 1,042 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 173 shares during the period. Cutler Group LP grew its holdings in Power Integrations by 222.2% during the first quarter. Cutler Group LP now owns 1,305 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 900 shares during the period. ETF Managers Group LLC grew its holdings in Power Integrations by 10.5% during the first quarter. ETF Managers Group LLC now owns 2,103 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 199 shares during the period. Magnus Financial Group LLC bought a new stake in Power Integrations during the second quarter valued at about $220,000. Finally, CAPROCK Group Inc. bought a new stake in Power Integrations during the second quarter valued at about $224,000. 97.01% of the stock is owned by institutional investors.
About Power Integrations
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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