Power Integrtns Stock Price, News & Analysis

Power Integrations (NASDAQ: POWI) reported Q4 2022 revenues of $124.8 million, down 22% sequentially and 28% year-over-year. GAAP net income was $22.8 million or $0.40 per diluted share, compared to $0.80 the previous quarter. For the full year, revenues totaled $651.1 million, with net income up to $170.9 million or $2.93 per diluted share. The company repurchased 266,000 shares for $18.7 million in Q4, with $81.3 million remaining in its buyback authorization. Looking ahead, Q1 2023 revenues are forecasted at $105 million plus or minus $5 million.

Power Integrations (NASDAQ: POwi) announced the appointment of Ravi Vig to its board of directors, effective April 1, 2023. Mr. Vig, who previously served as president and CEO of Allegro Microsystems, brings extensive experience in the automotive and industrial markets. He has held various leadership roles and contributed to Allegro's successful IPO in 2020. With over 60 patents in semiconductor design, his expertise is expected to strengthen Power Integrations' focus on high-voltage products for electric vehicles. Chairman William L. George expressed enthusiasm for Mr. Vig's valuable contributions amidst industry growth.

Power Integrations (POWI) will release its fourth-quarter financial results after market hours on February 6, 2023. A conference call will be held at 1:30 p.m. Pacific time on the same day to discuss the results. Investors can register for the call via a provided link, and audio webcasts will be available on the company's website.

Power Integrations is a leader in semiconductor technologies for high-voltage power conversion, playing a critical role in the clean power ecosystem.

Power Integrations (NASDAQ: POwi) announced the appointment of Nancy L. Gioia to its board of directors, effective January 1, 2023. Gioia has over 33 years of experience at Ford Motor Company, culminating in her role as director of global electrification. Her extensive background in automotive product development and electrification will be instrumental as Power Integrations enhances its strategy in the automotive sector. The company's chairman, William L. George, expressed enthusiasm for Gioia's appointment, highlighting her valuable insights into the automotive industry.

Power Integrations (POWI) has received the Great Place to Work Certification™, reflecting high employee satisfaction. A survey revealed that 82% of employees view the company as a great workplace, significantly surpassing the U.S. average. Furthermore, 90% of staff expressed pride in the company's achievements. The certification underscores Power Integrations' commitment to fostering innovation and a positive working environment, as highlighted by CEO Balu Balakrishnan. The company continues to expand job opportunities across North America, Europe, and Asia.

Power Integrations (NASDAQ: POI) announces that CFO Sandeep Nayyar will present at two investor conferences: the Credit Suisse Technology Conference on November 30, 2022, at 3:45 p.m. MT, in Scottsdale, AZ, and the Wells Fargo TMT Summit on December 1, 2022, at 9:20 a.m. PT, in Las Vegas. The live and archived webcasts of the presentations will be available on the company’s investor page at investors.power.com.

Power Integrations (NASDAQ: POwi) has launched the InnoSwitch4-Pro family of flyback ICs designed for energy-efficient power adapters. These devices achieve over 95% efficiency and can handle up to 220 W, allowing for compact design in USB PD and Universal Fast Charging Specification adapters. The technology uses a PowiGaN gallium-nitride primary switch and minimizes component count and PCB area. This innovation promises improved thermal management, reduced heat sink requirements, and simplified manufacturing for highly efficient power supplies.

Power Integrations (NASDAQ: POWI) reported Q3 revenues of $160.2 million, a 13% decrease quarter-over-quarter and a 9% decline year-over-year. GAAP earnings fell to $0.80 per diluted share, down from $0.96 in Q2 2022 and $0.69 in Q3 2021. Non-GAAP earnings were $0.84 per diluted share. The company authorized a $100 million stock repurchase program, signaling confidence in long-term growth despite a muted near-term revenue outlook due to weakened demand, particularly in consumer applications.

Power Integrations (NASDAQ: POWI) has launched a new feature in its PI Expert™ design tool that automates the creation of planar transformer designs, complete with detailed manufacturing documentation, in just five minutes. This tool supports the entire InnoSwitch™3 flyback switcher IC family and offers features such as customizable core geometries and safety isolation standards compliance. The upgrade aims to enhance design efficiency for engineers working on low-profile flyback power supplies.