Power Integrations (POWI) Scheduled to Post Earnings on Wednesday

Power Integrations (NASDAQ:POWI) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Power Integrations has set its Q3 2024 guidance at EPS.Investors 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 Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The business had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business’s revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. 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 Up 1.2 %

Shares of NASDAQ POWI opened at $65.58 on Wednesday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 71.28, a price-to-earnings-growth ratio of 5.06 and a beta of 1.10. Power Integrations has a 12-month low of $56.63 and a 12-month high of $89.68. The stock’s 50 day simple moving average is $62.60 and its 200 day simple moving average is $68.13.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, August 30th. Power Integrations’s dividend payout ratio (DPR) is 86.96%.

Insider Buying and Selling

In related news, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, August 12th. Susquehanna lowered their price target on Power Integrations from $95.00 to $80.00 and set a “positive” rating on the stock in a research report on Thursday, August 8th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

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.