Welcome to our dedicated page for Power Integrtns news (Ticker: POWI), a resource for investors and traders seeking the latest updates and insights on Power Integrtns stock.
Power Integrations, Inc. (NASDAQ: POWI) is a semiconductor company focused on high-voltage power conversion, and its news flow reflects developments across technology, finance and leadership. Company announcements frequently highlight advances in PowiGaN™ gallium-nitride technology, including 1250 V and 1700 V devices for applications such as 800 VDC AI data centers, renewable-energy systems and electric transportation.
Visitors to this POWI news page can review press releases on product and technology updates, such as white papers detailing the performance of PowiGaN switches versus alternative devices, and the use of InnoMux2-EP and InnoSwitch3-AQ ICs in demanding power-supply designs. News items also cover reference design kits, including kits for solar-powered race cars that showcase high-efficiency auxiliary power supplies based on the company’s ICs.
Investors will find earnings releases and financial updates, where Power Integrations reports revenue, gross margin, operating expenses and non-GAAP results, along with commentary on trends in its communications, computer, consumer and industrial end markets. These releases may include information on share repurchases, dividends and financial outlooks for upcoming quarters.
The company also issues news about its leadership team and governance, such as the appointment of a new chief financial officer, the designation of an interim CFO, and the addition of executives responsible for people strategy, transformation, marketing and product strategy. Many of these leadership changes are accompanied by Form 8-K filings that provide further detail.
By following this page, readers can track how Power Integrations communicates its progress in high-voltage power-conversion technologies, adoption of GaN-based products, participation in AI data-center initiatives and organizational developments that support its strategic priorities.
Power Integrations (NASDAQ: POWI) reported strong financial results for Q1 2021, with net revenues at $173.7 million, up 58% year-over-year. Net income increased to $39.8 million or $0.65 per diluted share compared to $0.26 a year earlier. The company saw significant cash flow from operations of $58.1 million. For Q2 2021, revenues are expected to remain flat, with GAAP gross margins estimated between 49.5% and 50%. Power Integrations also announced a cash dividend of $0.13 per share and a $50 million increase in its share-repurchase authorization.
Power Integrations (Nasdaq: POWI) has launched the new HiperPFS™-4 power factor correction (PFC) controller IC, featuring an integrated Qspeed™ low reverse recovery charge boost diode. This innovation achieves over 98% full-load efficiency for applications like PCs and TVs, operating between 75 W and 400 W. The HiperPFS-4 family delivers a power factor exceeding 0.95 at loads above 20%, with 36 mW no-load power consumption at 230 VAC. Available now at a starting price of $1.56 in bulk quantities, the device simplifies designs and enhances thermal performance, meeting 80% de-rating specifications.
Power Integrations (Nasdaq: POWI) is set to announce its first-quarter financial results on April 29, 2021, post-market hours. Following the release, the company will host a conference call at 1:30 p.m. Pacific time to discuss the results. Investment community members can register for the call via a provided link, with live and archived audio webcasts accessible on the company’s website. Power Integrations is recognized for its semiconductor technologies within the clean-power sector, focusing on renewable energy generation and efficient power transmission.
Power Integrations (Nasdaq: POWI) has introduced the LNK3207 ICs as part of its LinkSwitch-TN2 AC-DC converter family. These new ICs enhance offline buck converter designs by increasing output current from 360 mA to 575 mA and reducing bill of materials (BOM) count. The LNK3207 ICs achieve over 80% efficiency with no-load consumption below 30 mW, targeting appliances like washers and coffee makers. Priced at $0.60 in volume, they also serve IoT devices and come in various packages to suit different applications.
Power Integrations (Nasdaq: POWI) announced a settlement of its legal disputes with Silanna Semiconductor and former employees. The settlement involves an unspecified cash payment from Silanna to Power Integrations, termination of the former employees, and a commitment to uphold Power Integrations' employment agreements. VP Clifford Walker emphasized the company's commitment to protecting its intellectual property and enforcing these agreements to safeguard trade secrets.
Power Integrations (Nasdaq: POWI) announces that Dr. Jennifer A. Lloyd will join its board of directors effective April 1, 2021. Dr. Lloyd brings over two decades of experience in the semiconductor industry, currently serving as vice president at Analog Devices. Her extensive technical background in analog and digital signal processing, along with her nine U.S. patents, will enhance the company’s growth strategy. The board's chairman emphasized her potential contribution to the company’s value.
Power Integrations (Nasdaq: POWI) reported a strong fourth quarter for 2020 with net revenues of $150.7 million, a 32% increase year-over-year. Net income for the quarter was $27.3 million, or $0.45 per diluted share. Full-year revenues rose 16% to $488.3 million, with net income of $71.2 million. The company anticipates flat revenue for Q1 2021, with expected GAAP gross margin around 48% and non-GAAP gross margin at approximately 49%. A quarterly dividend has been increased to $0.13 per share.
Power Integrations (Nasdaq: POWI) has appointed Sunny Gupta as the new vice president of operations, taking over from Raja Petrakian, who served since 2015. Gupta brings over 25 years of semiconductor industry experience, having previously held operations positions at Renesas Corporation and Intersil Corporation. CEO Balu Balakrishnan praised Gupta's expertise in supply chains and quality processes, while thanking Petrakian for his contributions to the company's growth.
Power Integrations (Nasdaq: POWI) will disclose its fourth-quarter financial results on February 2, 2021, following market hours. A conference call is scheduled for the same day at 1:30 p.m. Pacific time, where analysts and investors can get insights into the firm's performance. Interested parties can register for the call, and both live and archived audio webcasts will be accessible on the company’s website. Power Integrations specializes in semiconductor technologies that support clean energy initiatives.
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