Power Integrations (POWI) Expected to Announce Earnings on Thursday

Power Integrations (NASDAQ:POWI) is expected to issue its quarterly earnings data 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.Parties that wish to register for the company’s conference call can do so using this link.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The firm had revenue of $115.84 million during the quarter, compared to the consensus estimate of $114.83 million. During the same period in the prior year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. 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 Trading Down 3.1 %

POWI stock opened at $60.37 on Tuesday. The stock has a market cap of $3.43 billion, a P/E ratio of 91.47, a PEG ratio of 4.06 and a beta of 1.12. Power Integrations has a twelve month low of $56.63 and a twelve month high of $85.00. The company’s 50 day moving average is $62.81 and its two-hundred day moving average is $63.50.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.21 per share. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, November 29th. Power Integrations’s dividend payout ratio (DPR) is currently 127.27%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Susquehanna dropped 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. Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a research note on Friday, November 8th. Finally, StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Insiders Place Their Bets

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

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.