News coverage about Power Integrations (NASDAQ:POWI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Power Integrations earned a news impact score of 0.13 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 44.7145072039836 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Insider Selling: Power Integrations, Inc. (POWI) CFO Sells 234 Shares of Stock (americanbankingnews.com)
- Power Integrations, Inc. (POWI) VP Sells $12,703.20 in Stock (americanbankingnews.com)
- Power Integrations, Inc. (POWI) CEO Balu Balakrishnan Sells 51,350 Shares (americanbankingnews.com)
- Insider Selling: Power Integrations, Inc. (POWI) VP Sells 500 Shares of Stock (americanbankingnews.com)
A number of brokerages recently weighed in on POWI. Zacks Investment Research upgraded shares of Power Integrations from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Wednesday, November 1st. Deutsche Bank AG cut 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. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price target on shares of Power Integrations in a research note on Wednesday, October 4th. Drexel Hamilton reiterated a “buy” rating and set a $84.00 price target on shares of Power Integrations in a research note on Friday, October 27th. Finally, BidaskClub downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $83.50.
Shares of Power Integrations (NASDAQ POWI) traded up $0.65 during trading on Friday, reaching $80.30. 42,190 shares of the company’s stock were exchanged, compared to its average volume of 191,145. The stock has a market cap of $2,380.00, a P/E ratio of 38.57 and a beta of 1.28. Power Integrations has a 52 week low of $61.44 and a 52 week high of $86.60.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.05. The company had revenue of $111.30 million during the quarter, compared to the consensus estimate of $111.82 million. Power Integrations had a net margin of 13.69% and a return on equity of 11.95%. Power Integrations’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. sell-side analysts predict that Power Integrations will post 2.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. Power Integrations’s payout ratio is currently 29.17%.
In other news, VP Raja Petrakian sold 2,272 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $68.89, for a total value of $156,518.08. Following the completion of the transaction, the vice president now owns 30,815 shares in the company, valued at approximately $2,122,845.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David Mh Matthews sold 1,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $71.22, for a total transaction of $71,220.00. Following the completion of the transaction, the vice president now owns 43,405 shares of the company’s stock, valued at approximately $3,091,304.10. The disclosure for this sale can be found here. Insiders sold a total of 55,835 shares of company stock valued at $4,466,388 in the last quarter. Insiders own 4.30% of the company’s stock.
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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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