Power Integrations Inc Stock Research

Market Summary

USD83.29-0.29

Market Closed

-0.35%

POWI Alerts

2 major insider sales recently.
Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

POWI Stock Price

POWI RSI Chart

POWI Valuation

Market Cap

4.7B

Price/Earnings (Trailing)

27.77

Price/Sales (Trailing)

7.29

EV/EBITDA

21.24

Price/Free Cashflow

26.94

POWI Price/Sales (Trailing)

POWI Profitability

Operating Margin

56.35%

EBT Margin

28.17%

Return on Equity

22.62%

Return on Assets

20.34%

Free Cashflow Yield

3.71%

POWI Fundamentals

POWI Revenue

Revenue (TTM)

651.1M

Revenue Y/Y

-27.73%

Revenue Q/Q

-22.13%

POWI Earnings

Earnings (TTM)

170.9M

Earnings Y/Y

-43.94%

Earnings Q/Q

-50.36%

Price Action

52 Week Range

95.15

(Low)(High)

Last 7 days

1.4%

Last 30 days

2.0%

Last 90 days

16.2%

Trailing 12 Months

-14.8%

POWI Financial Health

Current Ratio

8.99

POWI Investor Care

Dividend Yield

0.86%

Dividend/Share (TTM)

0.72

Buy Backs (1Y)

4.93%

Diluted EPS (TTM)

2.93

Peers (Alternatives to Power Integrations)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NVDA	675.3B	27.0B	14.82%	-5.76%	154.59	25.03	0.22%	-55.21%
AVGO	264.3B	34.4B	7.61%	0.69%	22.99	7.68	20.74%	70.65%
TXN	168.2B	20.0B	6.03%	-3.18%	19.23	8.4	9.18%	12.61%
AMD	157.8B	23.6B	21.99%	-22.02%	119.53	6.69	43.61%	-58.25%
INTC	132.8B	63.1B	26.59%	-37.00%	16.57	2.11	-20.21%	-59.66%
FSLR	22.7B	2.6B	29.64%	154.58%	-514.92	8.68	-10.40%	-109.42%
LSCC	13.0B	660.4M	11.89%	42.75%	72.43	19.62	28.14%	86.49%
MID-CAP
AMKR	6.3B	7.1B	-0.89%	6.39%	8.28	0.89	15.53%	19.10%
POWI	4.7B	651.1M	1.98%	-14.80%	27.77	7.29	-7.41%	3.92%
SMALL-CAP
ICHR	902.2M	1.3B	-6.41%	-19.34%	12.39	0.7	16.70%	2.69%
SGH	820.5M	1.8B	-1.86%	-39.04%	15.77	0.45	8.07%	32.37%
AOSL	736.5M	794.4M	-1.34%	-59.36%	9.31	0.93	9.29%	-82.10%
CEVA	690.0M	134.6M	-7.75%	-29.58%	-29.76	5.12	9.73%	-5954.29%
MX	398.8M	337.7M	-5.71%	-48.73%	-49.63	1.18	-28.80%	-114.17%

Financials for Power Integrations

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-6.9%	651	699	716	712	703
Cost Of Revenue	-7.2%	284	306	323	335	343
Gross Profit	-6.6%	367	393	392	377	361
Operating Expenses	-1.3%	186	189	191	191	186
S&GA Expenses	-0.4%	63.00	63.00	64.00	63.00	61.00
R&D Expenses	1.6%	94.00	92.00	90.00	89.00	85.00
EBITDA	-9.1%	218	240	236	219	-
EBITDA Margin	-2.5%	0.34*	0.34*	0.33*	0.31*	-
Earnings Before Taxes	-11.0%	183	206	203	187	176
EBT Margin	-4.5%	0.28*	0.29*	0.28*	0.26*	-
Net Income	-9.5%	171	189	185	171	164
Net Income Margin	-2.8%	0.26*	0.27*	0.26*	0.24*	-
Free Cahsflow	-6.3%	176	188	191	196	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.3%	840	838	809	919	1,014
Current Assets	2.5%	525	512	481	593	687
Cash Equivalents	-21.1%	105	133	67.00	171	158
Inventory	12.8%	135	120	111	103	99.00
Net PPE	-2.5%	177	181	184	180	180
Goodwill	0%	92.00	92.00	92.00	92.00	92.00
Liabilities	-3.2%	85.00	88.00	99.00	99.00	102
Current Liabilities	-0.8%	58.00	59.00	70.00	69.00	72.00
Shareholder's Equity	0.7%	755	750	710	821	912
Retained Earnings	0.9%	763	756	720	789	753
Additional Paid-In Capital	-100.0%	-	6.00	-	40.00	162
Shares Outstanding	-0.4%	57.00	57.00	58.00	59.00	60.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-9.7%	215	238	247	247	231
Share Based Compensation	-14.0%	22.00	26.00	33.00	38.00	38.00
Cashflow From Investing	2600.4%	78.00	-3.13	-106	-183	-232
Cashflow From Financing	4.9%	-346	-364	-370	-236	-98.83
Dividend Payments	3.0%	42.00	40.00	38.00	35.00	33.00
Buy Backs	-5.8%	311	330	340	209	74.00

Risks for POWI

What is the probability of a big loss on POWI?

72.7%

Probability that Power Integrations stock will be more than 20% underwater in next one year

41.5%

Probability that Power Integrations stock will be more than 30% underwater in next one year.

1.9%

Probability that Power Integrations stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does POWI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Power Integrations was unfortunately bought at previous high price.

Drawdowns

Returns for POWI

Cumulative Returns on POWI

15.3%

10-Year Cumulative Returns

19.7%

7-Year Cumulative Returns

20.3%

5-Year Cumulative Returns

24.2%

3-Year Cumulative Returns

What are the long-term rolling returns for POWI?

FIve years rolling returns for Power Integrations.

Annualized Returns

Which funds bought or sold POWI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-2.65	364,693	4,628,590	0.04%
2023-03-23	ETF MANAGERS GROUP, LLC	added	4.12	76,889	552,889	0.03%
2023-03-17	American Portfolios Advisors	reduced	-12.77	-18,944	56,216	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	167	1,620,400	2,436,400	-%
2023-03-06	Rockefeller Capital Management L.P.	added	195	12,000	17,000	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	161,807	1,569,810	-%
2023-02-24	SRS Capital Advisors, Inc.	added	4.08	676	3,676	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	13.53	569,000	2,709,000	0.03%
2023-02-21	MACQUARIE GROUP LTD	added	24.84	27,904,000	99,276,000	0.12%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-35.9	-151,386	379,614	0.01%

Latest Funds Activity

Are funds buying POWI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own POWI

No. of Funds

Power Integrations News

Schedule 13G FIlings of Power Integrations

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	10.06%	5,752,108	SC 13G/A
Jan 23, 2023	blackrock inc.	11.9%	6,800,403	SC 13G/A
Sep 09, 2022	vanguard group inc	10.14%	5,799,278	SC 13G/A
Feb 14, 2022	neuberger berman group llc	6.20%	3,742,371	SC 13G/A
Feb 10, 2022	vanguard group inc	9.42%	5,680,390	SC 13G/A
Jan 27, 2022	blackrock inc.	12.3%	7,435,428	SC 13G/A
Jan 25, 2022	blackrock inc.	12.3%	7,435,428	SC 13G/A
Feb 11, 2021	neuberger berman group llc	7.20%	4,310,016	SC 13G/A
Feb 10, 2021	vanguard group inc	10.16%	6,084,070	SC 13G/A
Jan 25, 2021	blackrock inc.	16.0%	9,579,120	SC 13G

POWI Fair Value

Power Integrations fair value in different scenarios

The table shows the Fair Value estimates for Power Integrations for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	32.70 -60.74%	44.34 -46.76%	61.57 -26.08%	82.54 -0.90%	125.35 50.50%
Current Inflation	30.44 -63.45%	40.44 -51.45%	54.99 -33.98%	72.62 -12.81%	108.89 30.74%
Very High Inflation	27.63 -66.83%	35.71 -57.13%	47.22 -43.31%	61.09 -26.65%	89.93 7.97%

Historical Power Integrations Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Power Integrations

View All Filings

Date Filed	Form Type	Document
Mar 01, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 16, 2023	4	Insider Trading
Feb 15, 2023	4	Insider Trading
Feb 15, 2023	4	Insider Trading
Feb 15, 2023	4	Insider Trading
Feb 15, 2023	4	Insider Trading
Feb 15, 2023	4	Insider Trading
Feb 15, 2023	4	Insider Trading
Feb 13, 2023	4	Insider Trading

Latest Insider Trading transactions for POWI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-27	Matthews David MH	sold	-491,861	82.4717	-5,964	chief technical officer
2023-02-17	Barsan Radu	sold	-208,492	82.5384	-2,526	vp of technology, engineering
2023-02-14	NAYYAR SANDEEP	sold	-228,098	83.43	-2,734	chief financial officer
2023-02-14	Matthews David MH	sold	-158,369	83.9708	-1,886	chief technology officer
2023-02-14	Bailey Doug	sold	-107,458	83.4949	-1,287	vp marketing
2023-02-14	Sayiner Necip	sold	-104,299	84.5213	-1,234	-
2023-02-14	Barsan Radu	sold	-203,158	83.8109	-2,424	vp of technology, engineering
2023-02-14	WALKER CLIFFORD	sold	-112,623	84.1099	-1,339	vp corporate development
2023-02-14	BALAKRISHNAN BALU	sold	-984,055	83.7494	-11,750	president and ceo
2023-02-13	Bailey Doug	sold	-502,207	84.2347	-5,962	vp marketing

About Power Integrations

Balu Balakrishnan

www.powerint.com

770

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. It also offers high-voltage diodes; high-voltage gate-driver products used to operate high-voltage switches, such as insulated-gate bipolar transistors and silicon-carbide MOSFETs under the SCALE and SCALE-2 product-family names; and SCALE-iDriver for use in powertrain and charging applications for electric vehicles. In addition, the company provides motor-driver ICs for use in refrigerator compressors, ceiling fans, and air purifiers, as well as pumps, fans, and blowers used in consumer appliances, such as dishwashers and laundry machines. It serves communications, computer, consumer, and industrial markets. The company sells its products to original equipment manufacturers and merchant power supply manufacturers through direct sales force, as well as a network of independent sales representatives and distributors. Power Integrations, Inc. was incorporated in 1988 and is headquartered in San Jose, California.

POWI Income Statement

2022-09-30

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
NET REVENUES	$ 160,233	$ 176,776	$ 526,368	$ 530,623
COST OF REVENUES	68,198	85,037	226,815	263,160
GROSS PROFIT	92,035	91,739	299,553	267,463
OPERATING EXPENSES:
Research and development	23,205	21,137	70,390	62,905
Sales and marketing	14,700	15,624	47,081	45,037
General and administrative	5,759	9,386	21,432	28,767
Other operating expenses	0	0	1,130	0
Total operating expenses	43,664	46,147	140,033	136,709
INCOME FROM OPERATIONS	48,371	45,592	159,520	130,754
OTHER INCOME	1,001	206	2,229	976
INCOME BEFORE INCOME TAXES	49,372	45,798	161,749	131,730
PROVISION FOR INCOME TAXES	3,408	3,764	13,713	8,017
NET INCOME	$ 45,964	$ 42,034	$ 148,036	$ 123,713
EARNINGS PER SHARE:
Basic (in dollars per share)	$ 0.80	$ 0.70	$ 2.55	$ 2.05
Diluted (in dollars per share)	$ 0.80	$ 0.69	$ 2.52	$ 2.01
SHARES USED IN PER SHARE CALCULATION:
Basic (in shares)	57,172	60,319	58,039	60,350
Diluted (in shares)	57,603	61,363	58,635	61,466

POWI Balance Sheet

2022-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 133,474	$ 158,117
Short-term marketable securities	229,754	372,235
Accounts receivable, net	16,075	41,393
Inventories	120,092	99,266
Prepaid expenses and other current assets	12,634	15,804
Total current assets	512,029	686,815
PROPERTY AND EQUIPMENT, net	181,224	179,824
INTANGIBLE ASSETS, net	7,141	9,012
GOODWILL	91,849	91,849
DEFERRED TAX ASSETS	23,935	16,433
OTHER ASSETS	21,785	30,554
Total assets	837,963	1,014,487
CURRENT LIABILITIES:
Accounts payable	29,521	43,721
Accrued payroll and related expenses	13,765	15,492
Taxes payable	2,960	1,210
Other accrued liabilities	12,613	11,898
Total current liabilities	58,859	72,321
LONG-TERM INCOME TAXES PAYABLE	16,398	15,280
OTHER LIABILITIES	12,424	14,854
Total liabilities	87,681	102,455
COMMITMENTS AND CONTINGENCIES (Notes 11, 12 and 13)
STOCKHOLDERS' EQUITY:
Common stock	24	28
Additional paid-in capital	6,123	162,301
Accumulated other comprehensive loss	(11,817)	(3,737)
Retained earnings	755,952	753,440
Total stockholders' equity	750,282	912,032
Total liabilities and stockholders' equity	$ 837,963	$ 1,014,487