Zacks: Brokerages Expect Power Integrations Inc (NASDAQ:POWI) Will Post Earnings of $0.78 Per Share

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Equities research analysts expect that Power Integrations Inc (NASDAQ:POWI) will announce $0.78 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Power Integrations’ earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.78. Power Integrations posted earnings per share of $0.54 during the same quarter last year, which would indicate a positive year-over-year growth rate of 44.4%. The business is scheduled to issue its next earnings results on Thursday, February 6th.

On average, analysts expect that Power Integrations will report full year earnings of $2.53 per share for the current year, with EPS estimates ranging from $2.52 to $2.54. For the next financial year, analysts expect that the firm will post earnings of $3.10 per share, with EPS estimates ranging from $2.95 to $3.31. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Power Integrations.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, October 24th. The semiconductor company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The firm had revenue of $114.16 million during the quarter, compared to the consensus estimate of $114.20 million. Power Integrations had a net margin of 14.50% and a return on equity of 9.64%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share.

A number of equities analysts recently commented on the stock. ValuEngine downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Loop Capital raised shares of Power Integrations from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $83.00 to $102.00 in a research note on Friday, October 25th. Stifel Nicolaus set a $104.00 price objective on shares of Power Integrations and gave the stock a “buy” rating in a research note on Friday, October 25th. Zacks Investment Research raised shares of Power Integrations from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Saturday, October 12th. Finally, BidaskClub downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $91.20.

NASDAQ:POWI traded up $0.16 during trading hours on Tuesday, reaching $90.54. The company’s stock had a trading volume of 97,466 shares, compared to its average volume of 153,186. The company has a market capitalization of $2.69 billion, a P/E ratio of 42.31 and a beta of 1.25. Power Integrations has a 12 month low of $55.80 and a 12 month high of $102.38. The stock has a 50 day moving average price of $91.98 and a two-hundred day moving average price of $85.15.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.19 dividend. This is a positive change from Power Integrations’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 0.84%. The ex-dividend date is Wednesday, November 27th. Power Integrations’s payout ratio is currently 35.51%.

In other Power Integrations news, VP Doug Bailey sold 2,000 shares of Power Integrations stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $91.19, for a total value of $182,380.00. Following the transaction, the vice president now directly owns 59,298 shares of the company’s stock, valued at $5,407,384.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Balu Balakrishnan sold 27,510 shares of Power Integrations stock in a transaction on Monday, September 16th. The stock was sold at an average price of $91.82, for a total transaction of $2,525,968.20. The disclosure for this sale can be found here. Insiders sold 96,558 shares of company stock worth $8,961,747 over the last ninety days. Corporate insiders own 4.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Man Group plc grew its holdings in Power Integrations by 146.7% in the third quarter. Man Group plc now owns 56,140 shares of the semiconductor company’s stock worth $5,077,000 after purchasing an additional 33,388 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Power Integrations by 33.8% during the third quarter. Squarepoint Ops LLC now owns 15,110 shares of the semiconductor company’s stock valued at $1,366,000 after buying an additional 3,819 shares during the last quarter. Granahan Investment Management Inc. MA grew its holdings in shares of Power Integrations by 4.5% during the third quarter. Granahan Investment Management Inc. MA now owns 86,825 shares of the semiconductor company’s stock valued at $7,852,000 after buying an additional 3,725 shares during the last quarter. Barclays PLC grew its holdings in shares of Power Integrations by 26.3% during the third quarter. Barclays PLC now owns 41,330 shares of the semiconductor company’s stock valued at $3,738,000 after buying an additional 8,601 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its holdings in shares of Power Integrations by 0.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,689,063 shares of the semiconductor company’s stock valued at $152,742,000 after buying an additional 10,045 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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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