According to Zacks, “Power Integrations, Inc. is a supplier of high-performance electronic components used in high-voltage power-conversion systems. Their integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. Their SCALE IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction, Power Integrations’ EcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations’ stock is a member of clean-technology stock indices sponsored by Cleantech Group LLC and Clean Edge. “
Several other research firms have also recently weighed in on POWI. Northland Securities reiterated a “hold” rating and set a $52.00 price objective on shares of Power Integrations in a research report on Wednesday, March 27th. BidaskClub cut Power Integrations from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 12th. Finally, Loop Capital reiterated a “hold” rating and set a $76.00 price objective on shares of Power Integrations in a research report on Tuesday, June 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $71.50.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19. Power Integrations had a return on equity of 10.86% and a net margin of 15.67%. The business had revenue of $89.19 million during the quarter, compared to the consensus estimate of $90.10 million. During the same quarter last year, the firm posted $0.67 EPS. The company’s quarterly revenue was down 13.5% on a year-over-year basis. Analysts expect that Power Integrations will post 1.66 earnings per share for the current fiscal year.
In other Power Integrations news, VP Radu Barsan sold 1,625 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.66, for a total transaction of $114,822.50. Following the transaction, the vice president now owns 64,052 shares in the company, valued at approximately $4,525,914.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Nayyar sold 943 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.93, for a total value of $66,886.99. Following the completion of the transaction, the chief financial officer now owns 82,518 shares in the company, valued at approximately $5,853,001.74. The disclosure for this sale can be found here. Insiders have sold a total of 26,286 shares of company stock worth $2,006,147 in the last quarter. Company insiders own 4.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Power Integrations by 0.3% in the fourth quarter. BlackRock Inc. now owns 4,214,069 shares of the semiconductor company’s stock worth $256,974,000 after purchasing an additional 12,957 shares during the period. Dimensional Fund Advisors LP grew its position in Power Integrations by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 762,181 shares of the semiconductor company’s stock valued at $46,478,000 after acquiring an additional 46,081 shares during the last quarter. Norges Bank bought a new position in Power Integrations in the fourth quarter valued at about $27,710,000. Fiera Capital Corp grew its position in Power Integrations by 12.6% in the fourth quarter. Fiera Capital Corp now owns 405,849 shares of the semiconductor company’s stock valued at $24,749,000 after acquiring an additional 45,487 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in Power Integrations by 9.3% in the first quarter. Copeland Capital Management LLC now owns 374,491 shares of the semiconductor company’s stock valued at $26,192,000 after acquiring an additional 31,872 shares during the last quarter. Institutional investors own 97.61% of the company’s stock.
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 worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 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, and other consumer and industrial applications, as well as light-emitting diode lighting.
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