Key Points
- Director Nicholas Brathwaite sold 6,895 shares of Power Integrations at an average price of $72.41, totaling about $499,267. After the sale, he still held 30,609 shares valued at roughly $2.22 million.
- Power Integrations reported better-than-expected quarterly results, with EPS of $0.25 versus the $0.23 estimate and revenue of $108.31 million versus $106.75 million expected. Revenue rose 2.6% year over year.
- Analyst sentiment is mixed but modestly positive: the stock has an average “Hold” rating and a consensus price target of $64.50, while recent target changes ranged from $46 to $85. The company also announced a quarterly dividend of $0.215 per share, payable June 30.
Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) Director Nicholas Brathwaite sold 6,895 shares of the firm's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $72.41, for a total transaction of $499,266.95. Following the completion of the sale, the director directly owned 30,609 shares of the company's stock, valued at approximately $2,216,397.69. The trade was a 18.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Power Integrations Price Performance
Shares of NASDAQ POWI opened at $73.24 on Friday. The company has a market cap of $4.08 billion, a P/E ratio of 244.14, a PEG ratio of 4.36 and a beta of 1.54. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $81.59. The firm has a 50-day simple moving average of $57.95 and a two-hundred day simple moving average of $46.55.
Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $108.31 million during the quarter, compared to the consensus estimate of $106.75 million. Power Integrations had a net margin of 3.72% and a return on equity of 5.34%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, equities research analysts expect that Power Integrations, Inc. will post 0.64 EPS for the current year.
Power Integrations Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.86 annualized dividend and a yield of 1.2%. Power Integrations's dividend payout ratio (DPR) is presently 286.67%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Susquehanna lifted their price target on shares of Power Integrations from $70.00 to $85.00 and gave the company a "positive" rating in a research note on Friday, May 8th. Northland Securities downgraded shares of Power Integrations from an "outperform" rating to a "market perform" rating and set a $46.00 price target for the company. in a research note on Monday, April 6th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Power Integrations in a research note on Friday, May 8th. Stifel Nicolaus lifted their price target on shares of Power Integrations from $56.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Finally, Benchmark lifted their price target on shares of Power Integrations from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, April 6th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $64.50.
Check Out Our Latest Analysis on Power Integrations
Hedge Funds Weigh In On Power Integrations
A number of large investors have recently bought and sold shares of the business. Van Diest Capital LLC bought a new position in Power Integrations in the first quarter worth approximately $476,000. Cannell & Spears LLC raised its stake in Power Integrations by 98.8% in the first quarter. Cannell & Spears LLC now owns 63,278 shares of the semiconductor company's stock worth $3,030,000 after buying an additional 31,452 shares in the last quarter. Sei Investments Co. raised its stake in Power Integrations by 36.2% in the first quarter. Sei Investments Co. now owns 218,429 shares of the semiconductor company's stock worth $11,183,000 after buying an additional 58,057 shares in the last quarter. Cetera Investment Advisers raised its stake in Power Integrations by 22.1% in the first quarter. Cetera Investment Advisers now owns 15,843 shares of the semiconductor company's stock worth $811,000 after buying an additional 2,871 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Power Integrations by 42.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,530 shares of the semiconductor company's stock worth $232,000 after buying an additional 1,339 shares in the last quarter.
About Power Integrations
(
Get Free Report)
Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company's products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.
The firm's product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.
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