Power Integrations (NASDAQ:POWI - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Power Integrations to post earnings of $0.36 per share for the quarter. Power Integrations has set its Q3 2024 guidance at EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.
Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The company had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.02 million. During the same period in the prior year, the firm posted $0.27 EPS. The company's quarterly revenue was down 13.8% on a year-over-year basis. 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 Stock Performance
Shares of NASDAQ:POWI traded down $2.01 during trading on Wednesday, reaching $63.57. The stock had a trading volume of 79,161 shares, compared to its average volume of 403,246. The firm's fifty day moving average is $62.62 and its 200 day moving average is $68.12. Power Integrations has a 52 week low of $56.63 and a 52 week high of $89.68. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 71.01, a P/E/G ratio of 5.06 and a beta of 1.10.
Power Integrations Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, August 30th. Power Integrations's dividend payout ratio is currently 86.96%.
Analyst Ratings Changes
Several research analysts recently issued reports on POWI shares. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Power Integrations from $73.00 to $68.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Benchmark restated a "buy" rating and set a $78.00 price objective on shares of Power Integrations in a report on Wednesday, September 11th. Stifel Nicolaus restated a "buy" rating and set a $95.00 price objective (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Finally, Northland Securities upgraded shares of Power Integrations from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $78.50.
Read Our Latest Report on POWI
Insider Activity
In related news, VP Sunil Gupta sold 2,127 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the sale, the vice president now owns 51,899 shares in the company, valued at approximately $3,420,144.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.70% of the stock is currently owned by corporate insiders.
About Power Integrations
(
Get Free Report)
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.
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