Power Integrations (POWI) Receiving Positive Media Coverage, Study Shows
News coverage about Power Integrations (NASDAQ:POWI) has trended positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing 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 daily sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 47.6724543919711 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.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Zacks: Analysts Anticipate Power Integrations Inc (POWI) Will Post Quarterly Sales of $113.95 Million (americanbankingnews.com)
- Power Integrations Inc (POWI) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Power Integrations Inc (POWI) Expected to Post Earnings of $0.77 Per Share (americanbankingnews.com)
- Power Integrations Announces Successful Certifications of USB PD Adapters Using InnoSwitch3 ICs (finance.yahoo.com)
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. ValuEngine raised shares of Power Integrations from a “hold” rating to a “buy” rating in a research report on Thursday, June 14th. Drexel Hamilton set a $84.00 price target on shares of Power Integrations and gave the company a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research lowered shares of Power Integrations from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Finally, Loop Capital started coverage on shares of Power Integrations in a research note on Thursday, June 21st. They issued a “buy” rating and a $89.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $84.20.
Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.14). The company had revenue of $109.48 million during the quarter, compared to analyst estimates of $109.33 million. Power Integrations had a return on equity of 13.07% and a net margin of 6.76%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. research analysts expect that Power Integrations will post 2.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be paid a $0.16 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.88%. Power Integrations’s payout ratio is 28.07%.
In other Power Integrations news, Director William George sold 400 shares of Power Integrations stock in a transaction on Monday, May 21st. The shares were sold at an average price of $74.00, for a total transaction of $29,600.00. Following the sale, the director now owns 17,191 shares in the company, valued at $1,272,134. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Balakrishnan S. Iyer sold 3,333 shares of Power Integrations stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $76.35, for a total transaction of $254,474.55. Following the sale, the director now owns 20,891 shares in the company, valued at approximately $1,595,027.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,040 shares of company stock worth $1,664,755. 4.00% of the stock is currently owned by corporate 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 offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, liquid-crystal-display monitors, main and standby power supplies for desktop computers and TVs, light-emitting diode lamps, and other consumer and industrial applications.
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