POWER INTEGRATIONS Reports Third Quarter Earnings Results for Fiscal Year 2023
December 3, 2023
🌥️Earnings Overview
On November 7, 2023, POWER INTEGRATIONS ($NASDAQ:POWI) announced their financial results for the third quarter of the 2023 fiscal year, ending September 30, 2023. Total revenue came in at USD 125.5 million, a 21.7% decrease compared to the same period in the previous year. Net income was reported at USD 19.8 million, a 56.9% decrease year over year.
Price History
The company’s stock opened at $75.0 and closed at $75.2, representing a slight 0.2% decline from its prior closing price of 75.4. Despite this small decrease, the company remains optimistic and is encouraged by its strong third quarter performance. Overall, the company maintained strong performance in the third quarter of 2023. POWER INTEGRATIONS‘ excellent financial results demonstrate their dedication to continued growth and success. The company remains confident in its ability to maintain positive momentum into the fourth quarter of 2023 and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Power Integrations. More…
| Total Revenues | Net Income | Net Margin |
| 479.8 | 64.28 | 13.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Power Integrations. More…
| Operations | Investing | Financing |
| 73.59 | -49.05 | -63.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Power Integrations. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 865.49 | 80.43 | 13.68 |
Key Ratios Snapshot
Some of the financial key ratios for Power Integrations are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.0% | -0.3% | 11.9% |
| FCF Margin | ROE | ROA |
| 11.1% | 4.6% | 4.1% |
Analysis
GoodWhale recently conducted an analysis of POWER INTEGRATIONS‘ wellbeing. Our analysis revealed that POWER INTEGRATIONS is classified as a ‘cow’ on our Star Chart, which we describe as a company that has the track record of paying out consistent and sustainable dividends. This type of company is likely to be of interest to investors who are looking for a reliable source of income. POWER INTEGRATIONS stood out in terms of its assets, dividend, and profitability. However it was weak in terms of growth. In addition, POWER INTEGRATIONS has a high health score of 10/10 with regard to its cashflows and debt, indicating that it is capable to pay off debt and fund future operations. This is great news for investors who are looking for a safe and sustainable source of income. More…
Peers
The company’s products are used in a variety of end applications, including AC-DC power supplies,DC-DC converters, LED drivers, motor controllers and drivers, and telecom and datacom power supplies. Power Integrations Inc’s competitors include Alpha & Omega Semiconductor Ltd, MACOM Technology Solutions Holdings Inc, Sequans Communications SA.
– Alpha & Omega Semiconductor Ltd ($NASDAQ:AOSL)
Alpha & Omega Semiconductor Ltd is a power semiconductor company. The company designs, develops, and manufactures a range of power semiconductors. Its product portfolio includes power MOSFETs, IGBTs, and power integrated circuits. The company’s products are used in a variety of end-markets, including automotive, industrial, consumer, and computing.
Alpha & Omega Semiconductor Ltd has a market cap of 878.49M as of 2022, a Return on Equity of 37.11%. The company’s strong market position and financial performance are underpinned by its diversified product portfolio and customer base. Alpha & Omega Semiconductor Ltd is well-positioned to capitalize on the growing demand for power semiconductors.
– MACOM Technology Solutions Holdings Inc ($NASDAQ:MTSI)
As of 2022, MACOM Technology Solutions Holdings Inc has a market cap of 3.84B and a Return on Equity of 39.45%. The company is a leading provider of semiconductor solutions.
– Sequans Communications SA ($NYSE:SQNS)
Squans Communications SA is a French company that provides wireless broadband access solutions. The company has a market cap of 173.46M as of 2022 and a Return on Equity of -31.27%. The company’s products are used in a variety of applications, including fixed wireless access, mobile backhaul, maritime, oil and gas, and security and surveillance.
Summary
Investors in POWER INTEGRATIONS have seen a sharp decline in the company’s quarterly earnings for the period ending September 30, 2023. Total revenue was down 21.7% compared to the same period in the prior year, with net income dropping 56.9%. Given the company’s stability and positive outlook, investors may want to consider it for their portfolio, as it has potential for long-term growth.
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