Power Integrations Inc

POWI

Equity

ISIN US7392761034 / Valor 234802

NASDAQ (2024-09-16)

USD 58.58-1.79%

Power Integrations Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Power Integrations, Inc. is a prominent player in the semiconductor industry, specializing in high-voltage power conversion technologies. The company's product portfolio serves as foundational components within the clean-power ecosystem, facilitating the generation, transmission, and efficient use of renewable energy across a broad spectrum of applications. These applications range from household appliances and mobile devices to computers and a wide array of industrial uses. Power Integrations is recognized for its innovative energy-saving technologies, including the PowiGaN™ gallium-nitride technology and EcoSmart™ energy-efficiency technology, which collectively contribute to significant reductions in energy waste globally. Additionally, the company's advanced, highly integrated semiconductor chips are credited with reducing the need for billions of electronic components annually. Beyond its technological contributions, Power Integrations is also noted for its inclusion in clean-technology stock indices, underscoring the environmental benefits of its products and its role in promoting energy efficiency worldwide.

Summarized from source with an LLMView SourceSector: Technology

Quarterly Revenue

Power Integrations Inc. reported net revenues of $89.5 million for the fourth quarter of 2023. This represents a 29 percent decrease compared to the prior quarter and a 28 percent decrease from the fourth quarter of 2022.

GAAP Earnings

For the fourth quarter of 2023, Power Integrations Inc. achieved a GAAP net income of $14.3 million, translating to $0.25 per diluted share. This is a decline from $0.34 per diluted share in the prior quarter and $0.40 per diluted share in the fourth quarter of 2022.

Non-GAAP Earnings

Power Integrations Inc.'s non-GAAP net income for the fourth quarter of 2023 was $12.7 million or $0.22 per diluted share. This is a decrease from $0.46 per diluted share in the prior quarter and $0.48 per diluted share in the fourth quarter of 2022.

Share Repurchase

During the fourth quarter of 2023, Power Integrations Inc. repurchased 680 thousand shares of its common stock for $47.4 million. As of December 31, 2023, the company had $26.0 million remaining on its repurchase authorization.

Dividend Payment

Power Integrations Inc. paid a dividend of $0.20 per share on December 29, 2023, and announced it will pay another dividend of $0.20 per share on March 29, 2024, to stockholders of record as of February 29, 2024.

Summarized from source with an LLMView Source

Key figures

-26.1%1Y

-46.4%3Y

27.7%5Y

Performance

38.1%1Y

39.4%3Y

42.5%5Y

Volatility