Tuesday, February 5, 5:19 AMPower Integrations, Inc. (POWI) declares $0.08/share quarterly dividend, 60% increase from prior dividend of $0.05. Forward yield 0.83%. For shareholders of record Feb. 28. Payable Mar. 29. Ex-div date Feb. 26. (PR)
Thursday, October 25, 2012, 5:51 PMPower Integrations (POWI): Q3 EPS of $0.49 beats by $0.03. Revenue of $78M (+4% Y/Y) in-line. (PR)
Monday, October 8, 2012, 12:59 PM
ISI's Sumit Dhanda downgrades his rating for the chip industry to Neutral, while also downgrading analog chipmakers Texas Instruments (TXN -0.5%), Linear Tech (LLTC -0.7%), Analog Devices (ADI -0.7%), Power Integrations (POWI -3.5%), and Intersil (ISIL -7.3%) in particular. Dhanda, whose move follows a selloff in chip stocks thanks to negative data (I, II), thinks macro issues could lead industry sales to fall 2% in 2013. JPMorgan has also downgraded Intersil, citing PC weakness, share loss, and a possible dividend cut. (previous)
Comment![Tech, On the Move, Quick Ideas]
Monday, August 6, 2012, 5:23 PMPower Integrations (POWI): Q2 EPS of $0.49 beats by $0.07. Revenue of $76.4M (-4.7% Y/Y) misses by $5M. (PR)
Friday, May 4, 2012, 1:56 PM
Analog chipmakers Power Integrations (POWI +13.5%) and International Rectifier (IRF -11.1%) head in opposite directions after reporting earnings. POWI posted a strong Q1 beat and Q2 sales guidance of $78M-$84M, above a $74.4M consensus. IRF provided in-line FQ4 guidance (revenue of $255M-$270M vs. $261.7M consensus) to go with its FQ3 beat. The company says demand from Asian industrial and home appliance customers remains soft. (IRF transcript)
Comment![Tech, Earnings, On the Move]
Thursday, May 3, 2012, 8:25 PMPower Integrations (POWI): Q1 EPS of $0.36 beats by $0.009. Revenue of $71.8M (-6.5% Y/Y) beats by $4M. (PR)
Monday, April 2, 2012, 8:38 AM
Power Integrations (POWI) agrees to acquire privately-held CT Concept Technologie for ~$115M, net of cash assumed. POWI estimates the acquisition will add ~10% to its annual revenues and expects the transaction to be immediately accretive to gross margin, operating margin and EPS.
Thursday, February 2, 2012, 6:32 PMPower Integrations (POWI): Q4 EPS of $0.29 beats by $0.02. Revenue of $66.7M (-8.6% Y/Y) in-line. (PR)
Thursday, September 8, 2011, 2:29 PM
Power Integrations (POWI +1.8%) catches an upgrade from Deutsche to a Buy rating from Hold. The firm says the company has taken its "macro medicine" by steering guidance lower, and is now ready to outperform semiconductor peers.