Power Integrations (POWI) to Release Earnings on Thursday

Power Integrations (NASDAQ:POWI - Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $105.14 million for the quarter. Power Integrations has set its Q4 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. Power Integrations's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 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 1.6 %

Shares of NASDAQ POWI traded up $0.94 during mid-day trading on Thursday, reaching $60.05. The company had a trading volume of 307,564 shares, compared to its average volume of 418,945. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 90.99, a price-to-earnings-growth ratio of 4.10 and a beta of 1.12. Power Integrations has a 52 week low of $56.63 and a 52 week high of $85.00. The business's 50-day moving average is $62.99 and its 200-day moving average is $63.88.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a $0.21 dividend. This is an increase from Power Integrations's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, November 29th. Power Integrations's payout ratio is presently 127.27%.

Insider Buying and Selling

In related news, VP Clifford Walker sold 10,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now directly owns 130,934 shares of the company's stock, valued at approximately $8,426,912.24. This trade represents a 7.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the sale, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,655 shares of company stock valued at $1,205,566 over the last 90 days. Insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on POWI shares. Benchmark reissued a "buy" rating and issued a $78.00 price target on shares of Power Integrations in a research report on Friday, November 8th. StockNews.com upgraded shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Finally, Susquehanna reduced their price objective on shares of Power Integrations from $80.00 to $77.00 and set a "positive" rating for the company in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

About Power Integrations

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.