Power Integrations (POWI) to Release Quarterly Earnings on Thursday

Power Integrations (NASDAQ:POWI) is expected to be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $105.14 million for the quarter. Power Integrations has set its Q4 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. Power Integrations’s revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. On average, analysts expect Power Integrations to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Power Integrations Stock Down 3.1 %

Shares of POWI opened at $60.37 on Tuesday. The firm has a market cap of $3.43 billion, a PE ratio of 91.47, a price-to-earnings-growth ratio of 4.06 and a beta of 1.12. The company’s fifty day moving average is $62.81 and its two-hundred day moving average is $63.50. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $85.00.

Power Integrations Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.39%. This is a boost from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is presently 127.27%.

Insiders Place Their Bets

In other news, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total transaction of $555,343.04. Following the sale, the vice president now directly owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Clifford Walker sold 10,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the completion of the transaction, the vice president now directly owns 130,934 shares of the company’s stock, valued at $8,426,912.24. This represents a 7.10 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Susquehanna cut their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one 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, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.