Power Integrations (POWI) Earning Somewhat Favorable News Coverage, Analysis Shows
News articles about Power Integrations (NASDAQ:POWI) have trended somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Power Integrations earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.4821302616789 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Power Integrations (NASDAQ POWI) traded down 0.35% during midday trading on Thursday, reaching $72.15. 15,203 shares of the company’s stock traded hands. The stock has a market cap of $2.15 billion, a P/E ratio of 40.11 and a beta of 1.28. The stock has a 50-day moving average price of $71.88 and a 200-day moving average price of $69.37. Power Integrations has a 52-week low of $60.67 and a 52-week high of $82.80.
Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Power Integrations had a net margin of 13.37% and a return on equity of 12.08%. The firm had revenue of $107.56 million during the quarter, compared to analyst estimates of $107.85 million. During the same quarter last year, the business earned $0.61 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. Analysts forecast that Power Integrations will post $2.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.56 annualized dividend and a yield of 0.77%. Power Integrations’s payout ratio is 29.95%.
A number of research firms recently weighed in on POWI. Stifel Nicolaus reissued a “buy” rating and set a $82.00 price target (up from $75.00) on shares of Power Integrations in a research note on Friday, June 30th. Deutsche Bank AG downgraded shares of Power Integrations from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Drexel Hamilton set a $84.00 price target on shares of Power Integrations and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $81.33.
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In other news, VP David Mh Matthews sold 1,000 shares of Power Integrations stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total value of $71,220.00. Following the completion of the sale, the vice president now owns 43,405 shares in the company, valued at approximately $3,091,304.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balu Balakrishnan sold 65,000 shares of Power Integrations stock in a transaction on Friday, July 14th. The shares were sold at an average price of $78.06, for a total transaction of $5,073,900.00. Following the completion of the sale, the insider now owns 319,576 shares of the company’s stock, valued at approximately $24,946,102.56. The disclosure for this sale can be found here. Insiders sold a total of 72,593 shares of company stock valued at $5,644,357 in the last quarter. 4.30% of the stock is currently 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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