Power Integrations Inc. ($POWI) Stock Forecast: Down 6.1% Today

What is Power Integrations Inc.?

Power Integrations (POWI) is a semiconductor designer known for its innovative solutions in the power electronics market. Today, the stock experienced a strong bearish movement despite recent positive financial performance.

Why is Power Integrations Inc. going down?

POWI stock is down 6.1% on Aug 7, 2024 17:36

• Despite reporting robust Q2 earnings with a 16% revenue increase, Power Integrations (POWI) saw a strong bearish movement in the market.
• The stock beat EPS and revenue estimates for Q2 2024, but the quarterly guidance for revenue fell short of analysts' expectations, leading to a negative market reaction.
• The discrepancy between the strong earnings report and the underwhelming future revenue guidance may have contributed to the bearish sentiment among investors.
• Investors might be concerned about the company's ability to sustain its growth trajectory in the upcoming quarters, leading to the sell-off in the stock.

POWI Price Chart

POWI Technical Analysis

POWI News

Earnings call: Power Integrations reports robust Q2 with revenue up 16%

https://www.investing.com/news/stock-market-news/earnings-call-power-integrations-reports-robust-q2-with-revenue-up-16-93CH-3560083

https://www.investing.com/news/stock-market-news/earnings-call-power-integrations-reports-robust-q2-with-revenue-up-16-93CH-3560083

POWI Stock Earnings: Power Integrations Beats EPS, Beats Revenue for Q2 2024

Power Integrations (NASDAQ: POWI ) just reported results for the second quarter of 2024. Power Integrations reported earnings per share of 28 cents. This was above the analyst estimate for EPS of 26 cents. The company reported revenue of $106.20 million. This was 1.09% better than the analyst estimate for revenue of $105.05 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post POWI Stock Earnings: Power Integrations Beats EPS, Beats Revenue for Q2 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/powi-stock-earnings-power-integrations-for-q2-of-2024/

Power Integrations ( POWI ) Surpasses Q2 Earnings and Revenue Estimates

Power Integrations (POWI) delivered earnings and revenue surprises of 7.69% and 1.14%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2317407/power-integrations-powi-surpasses-q2-earnings-and-revenue-estimates

Power Integrations (NASDAQ:POWI) Q2: Beats On Revenue But Quarterly Guidance Underwhelms

Semiconductor designer Power Integrations (NASDAQ:POWI) beat analysts'' expectations in Q2 CY2024, with revenue down 13.8% year on year to $106.2 million. On the other hand, next quarter''s revenue guidance of $115 million was less impressive, coming in 6.8% below analysts'' estimates. It made a non-GAAP profit of $0.28 per share, down from its profit of $0.36 per share in the same quarter last year.

https://stockstory.org/nasdaq/powi/earnings/power-integrations-nasdaqpowi-q2-beats-on-revenue-but-quarterly-guidance-underwhelms

Power Integrations Inc. Q2 Profit Decreases, But Beats Estimates

WASHINGTON (dpa-AFX) - Power Integrations Inc. (POWI) released earnings for second quarter that decreased from last year but beat the Street estimates.The company''s bottom line came in at $4.8 mil…

https://www.finanznachrichten.de/nachrichten-2024-08/62927443-power-integrations-inc-q2-profit-decreases-but-beats-estimates-020.htm

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Power Integrations Inc. Price History

07.02.2024 - POWI Stock was up 5.0%

• Factors contributing to POWI's strong performance:
• Positive Q4 2023 earnings call reflecting strong financial results and growth potential.
• Investor confidence in the company's innovation and competitive position.
• Strategic initiatives and partnerships from the earnings call expected to boost revenue and profitability in the coming quarters.

08.04.2024 - POWI Stock was up 5.2%

• Power Integrations acquired Odyssey Semiconductor assets to expand its portfolio and market presence.
• The company exceeded analyst expectations for earnings and revenue in Q1 2024 by a significant margin.
• Although Q1 profit decreased compared to the previous year, Power Integrations outperformed Street estimates, showcasing robust financial performance.
• The acquisition news and strong financial results likely boosted investor confidence, leading to the bullish movement in POWI stock.

21.00.2024 - POWI Stock was up 5.1%

• Power Integrations is set to release its fourth-quarter financial results, which could be driving investor optimism and contributing to the bullish movement.
• The reduction in stake by the Oregon Public Employees Retirement Fund may not have had a significant impact on the stock's performance today.
• The anticipation of positive financial results and potential growth prospects in the semiconductor industry could be fueling investor interest in Power Integrations.

09.01.2024 - POWI Stock was up 7.6%

• Despite facing headwinds, Power Integrations is optimistic about future growth, indicating positive sentiment and potential opportunities.
• Power Integrations reported a decrease in net income for the fourth quarter, but it beat analysts' revenue estimates, suggesting a mixed performance.
• The stock had a strong bullish movement today, indicating that investors may be focusing more on the company's future growth prospects rather than its recent financial results.
• The positive market movement could be attributed to the company's ability to beat earnings estimates and its overall position in the growing semiconductor market.

13.01.2024 - POWI Stock was down 6.7%

• The bearish movement in POWI stock could be attributed to recent negative outlooks revealed during an earnings call, which possibly influenced investors to sell off their positions.
• Moreover, the declaration of a dividend might have disappointed investors if the amount was lower than anticipated, further contributing to the bearish sentiment.
• The latest earnings report, showcasing lower-than-expected net income, could have played a role in the negative impact on the stock price.
• Notably, the positive news surrounding Impinj, a tracking-chip maker, might have diverted investor focus and capital away from Power Integrations, potentially exacerbating the bearish movement.

09.01.2024 - POWI Stock was up 7.6%

• Power Integrations (POWI) had a strong bullish movement today.
• The beat-and-raise report released by Impinj, a tracking-chip maker, may have positively influenced investor sentiment towards semiconductor companies, including Power Integrations.
• Despite facing headwinds and missing Q4 revenue estimates, Power Integrations' future growth prospects mentioned in the earnings call could have instilled confidence in investors.
• The overall positive sentiment in the semiconductor market and the company's potential for future growth could be the primary drivers behind the bullish movement of Power Integrations (POWI) stock.

13.01.2024 - POWI Stock was down 9.2%

• A recent downgrade to a Sell equivalent by an analyst due to "dismal" consumer demand could have contributed to the bearish movement of POWI stock.
• The positive performance of Impinj, a tracking-chip maker, might have resulted in some investors shifting their focus and investing in Impinj rather than POWI, leading to the bearish movement.
• During the earnings call, concerns were raised among investors about headwinds and future growth for Power Integrations, which could have impacted the market sentiment and resulted in the bearish movement.
• Despite the declaration of a $0.20 dividend by Power Integrations, it may not have been sufficient to offset the negative sentiment surrounding the company, contributing to the bearish movement.

14.01.2024 - POWI Stock was down 9.2%

• The bearish movement in POWI's stock today can be attributed to a combination of factors:
• 1. Cyber Security Risk: The disclosure of a new cyber security risk by Power Integrations may have raised concerns among investors, leading to a sell-off of the stock.
• 2. Consumer Demand: A downgrade of Power Integrations to a sell equivalent due to "dismal" consumer demand could have further contributed to the bearish movement.
• 3. Earnings Call Headwinds: The recent earnings call highlighted potential challenges that the company is facing, which may have dampened investor sentiment and resulted in the downward movement of the stock.
• Overall, the negative developments related to Power Integrations, including the cyber security risk, weak consumer demand, and potential headwinds, likely influenced the bearish market movement of the stock today.

12.05.2024 - POWI Stock was up 5.2%

• The company announced the enhancement of its hardware-software bundle for brushless DC motors with the introduction of BridgeSwitch-2, a new high-voltage integrated half-bridge motor-driver IC family.
• The new ICs are designed to target applications up to 1 HP, expanding the company's market reach and potential revenue streams.
• The innovation in reducing inverter sleep-mode consumption to less than 10 mW showcases Power Integrations' commitment to energy efficiency and technological advancement, likely contributing to the positive market sentiment and bullish movement of the stock.

19.06.2024 - POWI Stock was down 5.0%

• The bearish movement in the stock could be attributed to investors' anticipation of the upcoming second-quarter financial results.
• The market might be reacting negatively to potential underwhelming performance expectations for the quarter.
• Investors could be selling off shares in advance of the earnings release, leading to the bearish trend in the stock price.

07.07.2024 - POWI Stock was down 6.1%

• Despite reporting robust Q2 earnings with a 16% revenue increase, Power Integrations (POWI) saw a strong bearish movement in the market.
• The stock beat EPS and revenue estimates for Q2 2024, but the quarterly guidance for revenue fell short of analysts' expectations, leading to a negative market reaction.
• The discrepancy between the strong earnings report and the underwhelming future revenue guidance may have contributed to the bearish sentiment among investors.
• Investors might be concerned about the company's ability to sustain its growth trajectory in the upcoming quarters, leading to the sell-off in the stock.

07.07.2024 - POWI Stock was down 5.1%

• Despite beating revenue expectations for Q2, Power Integrations' stock experienced a bearish movement likely due to the underwhelming quarterly guidance for the next quarter.
• The decrease in profit compared to the previous year, along with the soft demand outlook, could have contributed to investor concerns and the bearish market movement.
• Investors may have reacted negatively to the mixed outlook and the decline in earnings year over year, leading to a sell-off of POWI stock despite the positive revenue surprise for the quarter.