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

Power Integrations, Inc. (NASDAQ:POWIGet Rating) – Investment analysts at Northland Capmk lifted their Q1 2023 earnings per share estimates for Power Integrations in a research note issued to investors on Monday, November 21st. Northland Capmk analyst G. Richard now anticipates that the semiconductor company will earn $0.35 per share for the quarter, up from their previous 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.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their target price on Power Integrations from $75.00 to $70.00 in a research note on Thursday, November 3rd. Cowen lowered Power Integrations from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $90.00 to $65.00 in a research note on Thursday, November 3rd. StockNews.com lowered Power Integrations from a “buy” rating to a “hold” rating in a research note on Saturday, October 15th. Benchmark dropped their price objective on Power Integrations from $95.00 to $90.00 in a research note on Monday, September 12th. Finally, Northland Securities lowered Power Integrations from an “outperform” rating to a “market perform” rating and set a $66.00 price objective for the company. in a research note on Monday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $78.86.

Power Integrations Price Performance

Shares of POWI opened at $78.35 on Thursday. The firm has a market cap of $4.48 billion, a P/E ratio of 24.56 and a beta of 1.08. The stock has a 50 day simple moving average of $68.78 and a two-hundred day simple moving average of $74.59. Power Integrations has a 1 year low of $59.16 and a 1 year high of $105.56.

Power Integrations Dividend Announcement

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

Insider Buying and Selling

In related news, VP David Mh Matthews sold 5,948 shares of the firm’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 sale, the vice president now owns 106,233 shares of the company’s stock, valued at $8,316,981.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Power Integrations

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Power Integrations by 164.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 293 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 182 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Power Integrations in the second quarter worth $38,000. Quadrant Capital Group LLC raised its holdings in Power Integrations by 39.3% in the third quarter. Quadrant Capital Group LLC now owns 712 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 201 shares in the last quarter. Bessemer Group Inc. raised its holdings in Power Integrations by 86.1% in the third quarter. Bessemer Group Inc. now owns 774 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 358 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Power Integrations by 34.3% in the third quarter. Exchange Traded Concepts LLC now owns 819 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 209 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Power Integrations Company Profile

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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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