Q1 2023 EPS Estimates for Power Integrations, Inc. Increased by Northland Capmk (NASDAQ:POWI)

Power Integrations, Inc. (NASDAQ:POWIGet Rating) – Northland Capmk lifted their Q1 2023 earnings per share (EPS) estimates for shares of Power Integrations in a report released on Monday, November 21st. Northland Capmk analyst G. Richard now anticipates that the semiconductor company will post earnings of $0.35 per share for the quarter, up from their prior forecast of $0.33. The consensus estimate for Power Integrations’ current full-year earnings is $2.88 per share. Northland Capmk also issued estimates for Power Integrations’ Q2 2023 earnings at $0.46 EPS, Q3 2023 earnings at $0.62 EPS, Q4 2023 earnings at $0.64 EPS and FY2023 earnings at $2.13 EPS.

A number of other research firms have also recently issued reports on POWI. TheStreet cut Power Integrations from an “a-” rating to a “c” rating in a report on Friday, November 4th. Deutsche Bank Aktiengesellschaft lowered their target price on Power Integrations from $75.00 to $70.00 in a report on Thursday, November 3rd. StockNews.com cut Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, October 15th. Northland Securities cut Power Integrations from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a report on Monday. Finally, Cowen cut Power Integrations from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $90.00 to $65.00 in a report on Thursday, November 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Power Integrations currently has a consensus rating of “Hold” and a consensus target price of $78.86.

Power Integrations Stock Up 2.4 %

POWI opened at $78.35 on Thursday. The business has a fifty day moving average of $68.78 and a 200 day moving average of $74.59. Power Integrations has a 52-week low of $59.16 and a 52-week high of $105.56. The stock has a market cap of $4.48 billion, a P/E ratio of 24.56 and a beta of 1.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in POWI. Signaturefd LLC increased its position in Power Integrations by 121.1% during the 1st quarter. Signaturefd LLC now owns 619 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 339 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Power Integrations by 5.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 35,858 shares of the semiconductor company’s stock valued at $3,323,000 after purchasing an additional 2,013 shares during the period. Versor Investments LP increased its holdings in shares of Power Integrations by 25.7% in the first quarter. Versor Investments LP now owns 4,854 shares of the semiconductor company’s stock valued at $450,000 after purchasing an additional 991 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Power Integrations by 5.8% in the first quarter. Envestnet Asset Management Inc. now owns 166,910 shares of the semiconductor company’s stock valued at $15,469,000 after purchasing an additional 9,146 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Power Integrations by 77.2% in the first quarter. Victory Capital Management Inc. now owns 13,375 shares of the semiconductor company’s stock valued at $1,070,000 after purchasing an additional 5,826 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Power Integrations

In other news, VP David Mh Matthews sold 5,948 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $78.29, for a total value of $465,668.92. Following the completion of the transaction, the vice president now directly owns 106,233 shares of the company’s stock, valued at approximately $8,316,981.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Power Integrations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Tuesday, November 29th. Power Integrations’s payout ratio is 22.57%.

About Power Integrations

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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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Earnings History and Estimates for Power Integrations (NASDAQ:POWI)

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