Power Integrations, Inc. (NASDAQ:POWI) released its earnings results on Thursday, October 26th. The semiconductor company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05, Bloomberg Earnings reports. Power Integrations had a return on equity of 11.95% and a net margin of 13.69%. The firm had revenue of $111.30 million for the quarter, compared to the consensus estimate of $111.82 million. During the same period in the prior year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year.
Shares of Power Integrations (NASDAQ:POWI) opened at $80.20 on Friday. The firm has a market capitalization of $2,366.94, a P/E ratio of 37.93 and a beta of 1.29. Power Integrations has a 12 month low of $61.44 and a 12 month high of $86.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. Power Integrations’s dividend payout ratio (DPR) is presently 29.02%.
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POWI has been the topic of several recent analyst reports. BidaskClub upgraded Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 price objective on shares of Power Integrations in a report on Sunday, September 3rd. Drexel Hamilton set a $84.00 price objective on Power Integrations and gave the stock a “buy” rating in a report on Friday, July 28th. Zacks Investment Research upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Deutsche Bank AG lowered Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Power Integrations currently has an average rating of “Buy” and an average price target of $83.50.
In other news, VP Raja Petrakian sold 2,272 shares of Power Integrations stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $68.89, for a total transaction of $156,518.08. Following the transaction, the vice president now owns 30,815 shares in the company, valued at $2,122,845.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Balu Balakrishnan sold 51,350 shares of Power Integrations stock in a transaction on Monday, November 6th. The stock was sold at an average price of $80.71, for a total transaction of $4,144,458.50. Following the transaction, the chief executive officer now owns 268,226 shares in the company, valued at approximately $21,648,520.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,835 shares of company stock worth $4,466,388. 4.30% of the stock is owned by company insiders.
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. The Company’s products are used in power converters that convert electricity from a high-voltage source to the type of power required for downstream use.
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