Power Integrations Inc (NASDAQ:POWI) Reports Quarterly Results, Beats Estimates by $0.06 EPS
Power Integrations (NASDAQ:POWI – Get Rating) released its quarterly results on Thursday. The semiconductor company reported EPS of $0.93 for the quarter, beating the consensus estimate of $0.87 by $0.06, MarketWatch Earnings reports. Power Integrations had a net margin of 23.38% and a return on equity of 18.97%. The company posted revenue of $182.15 million in the quarter, against analyst estimates of $180.20 million. In the same quarter a year earlier, the company posted earnings per share of $0.66. Power Integrations revenue for the quarter increased 4.8% compared to the same quarter last year.
POWI was down $4.70 during Friday trading hours, hitting $80.00. 669,933 shares of the stock trade in hands, compared to its average volume of 468,137. The company’s fifty-day simple moving average is $87.92 and its two-hundred-day simple moving average is $90.89. The company has a market capitalization of $4.73 billion, a price-earnings ratio of 29.85 and a beta of 0.98. Power Integrations has a fifty-two week minimum of $72.50 and a fifty-two week maximum of $110.66.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Monday, February 28 received a dividend of $0.18 per share. This represents a dividend of $0.72 on an annualized basis and a yield of 0.90%. This is a positive change from Power Integrations’ previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 25. Power Integrations’ dividend payout ratio (DPR) is currently 26.87%.
POWI has been the subject of several research analyst reports. Susquehanna Bancshares reaffirmed a “buy” rating and set a price target of $105.00 on shares of Power Integrations in a research report on Friday. StockNews.com picked up coverage of Power Integrations stocks in a Thursday, March 31 research report. They issued a “hold” rating for the company. Susquehanna reissued a “buy” rating and posted a $105.00 price target on Power Integrations stock in a research report on Friday. Finally, Zacks Investment Research downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a Tuesday, April 12 research report. Three equity research analysts gave the stock a hold rating and four gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $105.17.
Separately, CFO Sandeep Nayyar sold 1,114 shares of the company in a trade on Wednesday, February 2. The shares were sold at an average price of $79.72, for a total transaction of $88,808.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, Vice Chairman Clifford Walker sold 638 shares of the company in a trade on Wednesday, February 2. The shares were sold at an average price of $79.89, for a total transaction of $50,969.82. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 59,758 shares of the company valued at $5,130,929. Insiders of the company own 1.60% of the shares of the company.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Deutsche Bank AG increased its stake in Power Integrations by 6.9% during the 4th quarter. Deutsche Bank AG now owns 73,831 shares of the semiconductor company valued at $6,858,000 after acquiring 4,782 additional shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Power Integrations by 2.0% in the fourth quarter. The Ohio Public Employees Retirement System now owns 68,135 shares of the semiconductor company valued at $6,329,000 after acquiring 1,362 additional shares in the last quarter. Stifel Financial Corp increased its stake in Power Integrations by 11.2% in the 4th quarter. Stifel Financial Corp now owns 66,309 shares of the semiconductor company valued at $6,159,000 after acquiring 6,681 additional shares in the last quarter. Marshall Wace LLP bought a new position in Power Integrations during Q4 worth $5,979,000. Finally, Madison Asset Management LLC increased its stake in Power Integrations by 12.7% in the 4th quarter. Madison Asset Management LLC now owns 57,065 shares of the semiconductor company valued at $5,301,000 after acquiring 6,417 additional shares in the last quarter. Hedge funds and other institutional investors hold 94.93% of the company’s shares.
Power Integrations Company Profile (Get an assessment)
Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) and other electronic components and circuits used in high-voltage power conversion worldwide. The company offers a line of AC to DC converter products that handle power supply ranging from less than one watt output to approximately 500 watts output for mobile device chargers, consumer devices, power meters utility, LCD, main and backup monitors. power supplies for desktop computers and televisions, LED lighting and various other consumer and industrial applications, as well as power conversion in high power applications including industrial motors, solar and wind systems, electric vehicles and high voltage DC transmission systems.
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