According to Zacks, “Power Integrations, Inc. designs, develops, manufactures and markets proprietary, high-voltage, analog integrated circuits for use primarily in alternating current to direct current power conversion. The company has targeted high-volume power supply markets including: the cellular telephone market, the personal computer market, the cable and direct broadcast satellite decoder box market, and various other consumer and industrial electronics markets. “
A number of other research analysts have also recently commented on POWI. Deutsche Bank AG increased their target price on Power Integrations from $55.00 to $65.00 and gave the company a buy rating in a research note on Friday, July 29th. Sidoti cut Power Integrations from a buy rating to a neutral rating in a research note on Thursday, June 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $60.40.
Power Integrations (NASDAQ:POWI) traded up 1.19% during midday trading on Thursday, hitting $62.25. The company had a trading volume of 27,877 shares. The firm’s 50 day moving average is $59.01 and its 200-day moving average is $52.40. The firm has a market capitalization of $1.80 billion, a P/E ratio of 41.39 and a beta of 1.11. Power Integrations has a 52 week low of $39.53 and a 52 week high of $62.46.
Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, July 28th. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. The business had revenue of $97.20 million for the quarter, compared to analysts’ expectations of $91.22 million. Power Integrations had a return on equity of 11.64% and a net margin of 12.36%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts expect that Power Integrations will post $2.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.85%. Power Integrations’s dividend payout ratio (DPR) is currently 34.44%.
In other news, VP Doug Bailey sold 500 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $51.25, for a total transaction of $25,625.00. Following the completion of the sale, the vice president now directly owns 27,719 shares in the company, valued at $1,420,598.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Balu Balakrishnan sold 5,000 shares of the stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the chief executive officer now owns 210,730 shares of the company’s stock, valued at $11,590,150. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Power Integrations by 125.5% in the first quarter. BlackRock Inc. now owns 2,142 shares of the company’s stock worth $106,000 after buying an additional 1,192 shares in the last quarter. Bank of Montreal Can purchased a new stake in Power Integrations during the second quarter worth $175,000. PineBridge Investments L.P. raised its stake in Power Integrations by 4.1% in the second quarter. PineBridge Investments L.P. now owns 3,653 shares of the company’s stock worth $183,000 after buying an additional 144 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Power Integrations by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,976 shares of the company’s stock worth $199,000 after buying an additional 482 shares in the last quarter. Finally, Globeflex Capital L P purchased a new stake in Power Integrations during the second quarter worth $215,000. Institutional investors own 97.78% of the company’s stock.
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’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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