According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
Other analysts have also issued research reports about the stock. Deutsche Bank set a $80.00 target price on shares of Power Integrations and gave the company a hold rating in a research report on Friday, July 26th. BidaskClub upgraded shares of Power Integrations from a buy rating to a strong-buy rating in a research report on Saturday, July 27th. Northland Securities restated an underperform rating and issued a $70.00 target price on shares of Power Integrations in a research report on Monday, July 29th. Loop Capital restated a hold rating and issued a $76.00 target price on shares of Power Integrations in a research report on Tuesday, June 18th. Finally, Stifel Nicolaus set a $97.00 target price on shares of Power Integrations and gave the company a buy rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $84.20.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Power Integrations had a net margin of 14.79% and a return on equity of 9.87%. The business had revenue of $102.87 million for the quarter, compared to analysts’ expectations of $100.04 million. During the same period last year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Power Integrations will post 1.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a $0.17 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 0.82%. Power Integrations’s dividend payout ratio is currently 31.78%.
In other news, VP Doug Bailey sold 1,000 shares of Power Integrations stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $65.31, for a total transaction of $65,310.00. Following the transaction, the vice president now owns 59,298 shares in the company, valued at $3,872,752.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ben Sutherland sold 364 shares of Power Integrations stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $83.77, for a total transaction of $30,492.28. Following the transaction, the vice president now owns 41,371 shares in the company, valued at approximately $3,465,648.67. The disclosure for this sale can be found here. Insiders sold 40,284 shares of company stock worth $3,590,090 in the last 90 days. Company insiders own 4.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Power Integrations by 0.7% during the second quarter. BlackRock Inc. now owns 4,230,257 shares of the semiconductor company’s stock worth $339,182,000 after purchasing an additional 30,956 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Power Integrations by 0.6% during the second quarter. Vanguard Group Inc. now owns 3,003,910 shares of the semiconductor company’s stock worth $240,854,000 after purchasing an additional 16,957 shares during the period. Invesco Ltd. lifted its holdings in shares of Power Integrations by 7.8% during the second quarter. Invesco Ltd. now owns 937,237 shares of the semiconductor company’s stock worth $75,147,000 after purchasing an additional 68,121 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Power Integrations by 4.6% during the second quarter. JPMorgan Chase & Co. now owns 700,687 shares of the semiconductor company’s stock worth $53,982,000 after purchasing an additional 30,802 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Power Integrations by 0.9% during the second quarter. Northern Trust Corp now owns 547,014 shares of the semiconductor company’s stock worth $43,859,000 after purchasing an additional 4,741 shares during the period. Institutional investors own 96.83% of the company’s stock.
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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