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. It also offers high-voltage diodes; high-voltage gate-driver products used to operate high-voltage switches, such as insulated-gate bipolar transistors and silicon-carbide MOSFETs under the SCALE and SCALE-2 product-family names; and SCALE-iDriver for use in powertrain and charging applications for electric vehicles. In addition, the company provides motor-driver ICs for use in refrigerator compressors, ceiling fans, and air purifiers, as well as pumps, fans, and blowers used in consumer appliances, such as dishwashers and laundry machines. It serves communications, computer, consumer, and industrial markets. The company sells its products to original equipment manufacturers and merchant power supply manufacturers through direct sales force, as well as a network of independent sales representatives and distributors. Power Integrations, Inc. was incorporated in 1988 and is headquartered in San Jose, California.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on POWI shares. Benchmark cut their price objective on shares of Power Integrations to $95.00 in a research report on Tuesday, August 9th. Cowen dropped their price objective on shares of Power Integrations to $90.00 in a report on Tuesday, August 9th. Susquehanna Bancshares decreased their target price on shares of Power Integrations from $105.00 to $98.00 and set a "positive" rating for the company in a research report on Friday, August 5th. StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Power Integrations from $90.00 to $80.00 in a research report on Wednesday, July 20th.
Power Integrations Stock Up 2.6 %
POWI Stock opened at $82.21 on Monday. Power Integrations has a twelve month low of $67.26 and a twelve month high of $110.66. The firm has a market capitalization of $4.79 billion, a PE ratio of 26.69 and a beta of 1.06. The stock has a 50-day simple moving average of $77.55 and a two-hundred day simple moving average of $83.01.
Power Integrations (NASDAQ:POWI - Get Rating) last released its earnings results on Thursday, August 4th. The semiconductor company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.16. The company had revenue of $183.99 million during the quarter, compared to the consensus estimate of $190.15 million. Power Integrations had a return on equity of 22.44% and a net margin of 25.83%. Power Integrations's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. On average, equities research analysts anticipate that Power Integrations will post 3.1 EPS for the current fiscal year.
Power Integrations Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.88%. Power Integrations's payout ratio is presently 23.38%.
Insider Activity
In related news, VP David Mh Matthews sold 3,984 shares of the stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $85.29, for a total transaction of $339,795.36. Following the sale, the vice president now directly owns 118,193 shares of the company's stock, valued at $10,080,680.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Power Integrations news, VP Yang Chiah Yee sold 1,369 shares of Power Integrations stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $77.00, for a total value of $105,413.00. Following the sale, the vice president now owns 25,797 shares of the company's stock, valued at approximately $1,986,369. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David Mh Matthews sold 3,984 shares of Power Integrations stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $85.29, for a total value of $339,795.36. Following the completion of the sale, the vice president now directly owns 118,193 shares in the company, valued at approximately $10,080,680.97. The disclosure for this sale can be found here. Insiders sold 32,744 shares of company stock worth $2,766,288 over the last three months. 1.60% of the stock is currently owned by corporate insiders.
