Power Integrations (POWI) Set to Announce Quarterly Earnings on Tuesday

Power Integrations (NASDAQ:POWI) will post its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect Power Integrations to post earnings of $0.26 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share for the quarter. The firm had revenue of $91.69 million for the quarter, compared to analyst estimates of $89.98 million. Power Integrations had a net margin of 12.28% and a return on equity of 6.13%. 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 Performance

POWI stock opened at $66.21 on Monday. The company has a market capitalization of $3.76 billion, a P/E ratio of 71.97, a PEG ratio of 3.81 and a beta of 1.11. The company has a fifty day moving average price of $73.09 and a 200-day moving average price of $72.76. Power Integrations has a 52-week low of $62.13 and a 52-week high of $90.62.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, May 31st. Power Integrations’s dividend payout ratio is currently 86.96%.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of Power Integrations in a research note on Friday, June 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.40.

Insider Activity at Power Integrations

In other news, CFO Sandeep Nayyar sold 5,000 shares of Power Integrations stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $78.50, for a total value of $392,500.00. Following the completion of the transaction, the chief financial officer now directly owns 85,198 shares of the company’s stock, valued at approximately $6,688,043. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Radu Barsan sold 1,837 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $76.56, for a total transaction of $140,640.72. Following the transaction, the vice president now directly owns 40,945 shares of the company’s stock, valued at $3,134,749.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Nayyar sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $78.50, for a total transaction of $392,500.00. Following the completion of the sale, the chief financial officer now owns 85,198 shares of the company’s stock, valued at $6,688,043. The disclosure for this sale can be found here. Insiders have sold a total of 32,100 shares of company stock worth $2,481,667 over the last quarter. Company insiders own 1.70% of the company’s stock.

About Power Integrations

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.