Zacks: Analysts Expect Power Integrations (POWI) to Announce $0.60 EPS

Analysts expect Power Integrations (NASDAQ:POWI) to report $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Power Integrations’ earnings, with estimates ranging from $0.59 to $0.60. Power Integrations posted 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 company is scheduled to report its next quarterly earnings report after the market closes on Thursday, April 26th.

According to Zacks, analysts expect that Power Integrations will report full year earnings of $2.87 per share for the current financial year, with EPS estimates ranging from $2.78 to $2.95. For the next fiscal year, analysts forecast that the business will post earnings of $3.38 per share, with EPS estimates ranging from $3.20 to $3.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Power Integrations.

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Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $108.20 million during the quarter, compared to the consensus estimate of $110.50 million. Power Integrations had a return on equity of 12.70% and a net margin of 6.39%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share.

POWI has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Power Integrations from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub raised Power Integrations from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 1st. Sidoti cut Power Integrations from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. Finally, ValuEngine raised Power Integrations from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.40.

In other news, Director Alan Bickell sold 5,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sandeep Nayyar sold 2,022 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $77.50, for a total value of $156,705.00. Following the completion of the sale, the chief financial officer now directly owns 58,522 shares in the company, valued at $4,535,455. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,776 shares of company stock worth $4,880,472. 4.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Power Integrations by 4.1% during the fourth quarter. BlackRock Inc. now owns 3,690,626 shares of the semiconductor company’s stock valued at $271,447,000 after buying an additional 146,319 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Power Integrations by 0.5% during the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,217,462 shares of the semiconductor company’s stock valued at $89,544,000 after buying an additional 5,675 shares during the last quarter. Impax Asset Management LTD boosted its position in shares of Power Integrations by 16.3% during the fourth quarter. Impax Asset Management LTD now owns 976,678 shares of the semiconductor company’s stock valued at $71,835,000 after buying an additional 136,891 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its position in shares of Power Integrations by 0.8% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 353,040 shares of the semiconductor company’s stock valued at $25,966,000 after buying an additional 2,725 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of Power Integrations by 0.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 266,742 shares of the semiconductor company’s stock valued at $19,619,000 after buying an additional 1,242 shares during the last quarter. 96.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Power Integrations stock traded up $1.05 during midday trading on Monday, reaching $70.85. 144,053 shares of the company’s stock traded hands, compared to its average volume of 182,605. The company has a market cap of $2,082.45, a PE ratio of 31.07 and a beta of 1.19. Power Integrations has a 12 month low of $60.55 and a 12 month high of $86.60.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, February 28th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.90%. This is a boost from Power Integrations’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, February 27th. Power Integrations’s dividend payout ratio is presently 28.07%.

Power Integrations announced that its Board of Directors has authorized a stock buyback program on Thursday, February 1st that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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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 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, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.

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