News coverage about Power Integrations (NASDAQ:POWI) has been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Power Integrations earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.3069080029585 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities analysts have weighed in on POWI shares. BidaskClub upgraded shares of Power Integrations from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Stifel Nicolaus restated a “buy” rating and set a $85.00 price target on shares of Power Integrations in a report on Sunday, September 3rd. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Saturday, June 24th. Finally, Drexel Hamilton set a $84.00 price objective on shares of Power Integrations and gave the company a “buy” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.50.
Shares of Power Integrations (NASDAQ:POWI) opened at 73.85 on Friday. The company has a market cap of $2.20 billion, a PE ratio of 41.05 and a beta of 1.23. The company has a 50-day moving average of $71.13 and a 200-day moving average of $68.55. Power Integrations has a 1-year low of $59.41 and a 1-year high of $82.80.
Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.51 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $107.85 million. During the same period last year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that Power Integrations will post $2.77 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, August 29th. Power Integrations’s dividend payout ratio (DPR) is presently 29.95%.
In other news, VP David Mh Matthews sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 43,405 shares in the company, valued at approximately $3,091,304.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Doug Bailey sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $72.93, for a total transaction of $291,720.00. Following the completion of the transaction, the vice president now owns 46,976 shares in the company, valued at approximately $3,425,959.68. The disclosure for this sale can be found here. Insiders have sold a total of 134,593 shares of company stock worth $10,278,057 over the last three months. Insiders own 4.30% 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. 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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