Wall Street brokerages expect Power Integrations Inc (NASDAQ:POWI) to post earnings of $0.60 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Power Integrations’ earnings. The highest EPS estimate is $0.60 and the lowest is $0.59. Power Integrations reported earnings per share of $0.63 in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The business is scheduled to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that Power Integrations will report full-year earnings of $2.87 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $2.95. For the next financial year, analysts forecast that the company will post earnings of $3.38 per share, with EPS estimates ranging from $3.20 to $3.55. Zacks’ EPS averages 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 announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. The business had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $110.50 million. During the same quarter last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis.
Shares of Power Integrations (NASDAQ:POWI) traded down $0.45 during mid-day trading on Friday, reaching $66.75. The company had a trading volume of 137,920 shares, compared to its average volume of 175,603. Power Integrations has a fifty-two week low of $60.55 and a fifty-two week high of $86.60. The company has a market capitalization of $1,990.00, a PE ratio of 31.05 and a beta of 1.17.
Power Integrations declared that its board has authorized a share buyback plan on Thursday, February 1st that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be given a $0.16 dividend. This is a positive change from Power Integrations’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.96%. Power Integrations’s dividend payout ratio (DPR) is 29.77%.
In related news, insider Balu Balakrishnan sold 17,186 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.02, for a total value of $1,083,061.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Radu Barsan sold 4,144 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $69.00, for a total value of $285,936.00. Following the completion of the sale, the vice president now directly owns 38,067 shares of the company’s stock, valued at $2,626,623. The disclosure for this sale can be found here. Insiders sold a total of 62,235 shares of company stock valued at $4,234,629 in the last quarter. 4.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its stake in Power Integrations by 6.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,519 shares of the semiconductor company’s stock worth $184,000 after acquiring an additional 150 shares in the last quarter. Jane Street Group LLC purchased a new stake in Power Integrations in the 3rd quarter worth about $205,000. Xact Kapitalforvaltning AB purchased a new stake in Power Integrations in the 4th quarter worth about $224,000. Dynamic Technology Lab Private Ltd purchased a new stake in Power Integrations in the 3rd quarter worth about $288,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in Power Integrations in the 4th quarter worth about $307,000. 95.53% of the stock is owned by hedge funds and other institutional investors.
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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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