Power Integrations Inc (NASDAQ:POWI) Expected to Post Quarterly Sales of $99.75 Million

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Analysts expect Power Integrations Inc (NASDAQ:POWI) to report sales of $99.75 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Power Integrations’ earnings, with the highest sales estimate coming in at $100.00 million and the lowest estimate coming in at $99.50 million. Power Integrations reported sales of $109.48 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.9%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, July 25th.

According to Zacks, analysts expect that Power Integrations will report full year sales of $418.95 million for the current fiscal year, with estimates ranging from $418.80 million to $419.20 million. For the next financial year, analysts expect that the company will post sales of $480.68 million, with estimates ranging from $475.10 million to $486.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Power Integrations.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.19. Power Integrations had a net margin of 15.67% and a return on equity of 10.86%. The company had revenue of $89.19 million during the quarter, compared to analysts’ expectations of $90.10 million. During the same period in the prior year, the company posted $0.67 earnings per share. Power Integrations’s revenue for the quarter was down 13.5% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. Northland Securities reiterated a “hold” rating on shares of Lendingtree in a research report on Friday, April 26th. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday. Loop Capital reiterated a “hold” rating and set a $76.00 price objective on shares of Power Integrations in a research report on Tuesday, June 18th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Western New England Bancorp in a research report on Saturday, June 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $71.50.

Shares of POWI traded up $1.59 during trading hours on Friday, hitting $79.52. 88,676 shares of the stock were exchanged, compared to its average volume of 107,538. Power Integrations has a fifty-two week low of $47.35 and a fifty-two week high of $83.94. The business’s 50-day simple moving average is $72.68. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 37.16 and a beta of 1.30.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, May 30th. Power Integrations’s dividend payout ratio (DPR) is presently 31.78%.

In other Power Integrations news, VP Doug Bailey sold 1,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $65.31, for a total value of $65,310.00. Following the completion of the sale, the vice president now directly owns 59,298 shares in the company, valued at $3,872,752.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Clifford Walker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $78.76, for a total transaction of $787,600.00. Following the completion of the sale, the vice president now owns 91,702 shares of the company’s stock, valued at $7,222,449.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,000 shares of company stock valued at $1,572,450. 4.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of POWI. Oregon Public Employees Retirement Fund acquired a new stake in Power Integrations in the fourth quarter worth $680,000. BlackRock Inc. grew its holdings in Power Integrations by 0.3% in the fourth quarter. BlackRock Inc. now owns 4,214,069 shares of the semiconductor company’s stock worth $256,974,000 after purchasing an additional 12,957 shares during the period. Texas Permanent School Fund grew its holdings in Power Integrations by 3.7% in the fourth quarter. Texas Permanent School Fund now owns 19,193 shares of the semiconductor company’s stock worth $1,170,000 after purchasing an additional 690 shares during the period. Advisor Group Inc. grew its holdings in Power Integrations by 15.9% in the fourth quarter. Advisor Group Inc. now owns 3,097 shares of the semiconductor company’s stock worth $189,000 after purchasing an additional 426 shares during the period. Finally, Citigroup Inc. grew its holdings in Power Integrations by 93.9% in the fourth quarter. Citigroup Inc. now owns 12,678 shares of the semiconductor company’s stock worth $773,000 after purchasing an additional 6,139 shares during the period. Institutional investors and hedge funds own 97.61% 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 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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