Announcement • Jun 02
Power Integrations Unveils Ultra-Slim Auxiliary Psu Reference Designs for Nvidia Kyber 800 Vdc Ai Data Center Power Integrations introduced two new ultra-slim, compact auxiliary power supply reference designs for 800 VDC AI data centers. The single-output, 15 W design is only 30 mm by 30 mm with a 7 mm profile, while the isolated, six-rail, 35 W design is only 80 mm by 60 mm with an 8 mm profile. Optimized specifically for the NVIDIA Kyber liquid-cooled, blade-rack architecture, these ultra-compact solutions free up approximately 30% space on densely packed main power distribution boards with an estimated 30% reduction in the BOM count—streamlining design and improving overall reliability. These designs are highly efficient with at least 88% efficiency across line and load. Compact, low-profile designs using 1700 V-rated PowiGaN, single-HEMT ICs save space, boost efficiency, and improve reliability for NVIDIA Kyber 800 VDC AI Data Center. The newly published design example reports describe 35 W and 15 W flyback auxiliary power supplies for high-voltage AI data center applications. These compact power supply units provide power for internal components such as MCUs, gate drivers, and op-amps, which deliver critical “control and housekeeping” functions to ensure reliability, efficiency and system safety. Both designs are based on Power Integrations’ InnoMux-2 ICs with 1700 V PowiGaN gallium-nitride (GaN) technology. The 1700 V-rated InnoMux-2 IC easily supports 1000 VDC nominal input voltage in a flyback configuration and can deliver flat efficiency of 90% in discontinuous conduction mode (DCM) while maximizing power delivery. DER-1110 – this design uses the IMX2353F to deliver a 35 W, multi-output flyback PSU for auxiliary power supplies used in high-voltage AI data centers. DER-1114 – this design uses the IMX2353F to deliver a 15 W, single-output flyback PSU for auxiliary power supplies used in high-voltage AI data centers. Recent Insider Transactions • May 29
Director recently sold €8.3m worth of stock On the 26th of May, Balu Balakrishnan sold around 119k shares on-market at roughly €70.34 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Recent Insider Transactions • May 21
Independent Director recently sold €426k worth of stock On the 13th of May, Nicholas Brathwaite sold around 7k shares on-market at roughly €61.84 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.2m more than they bought in the last 12 months. Declared Dividend • May 21
First quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 29th May 2026 Payment date: 30th June 2026 Dividend yield will be 1.3%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not covered by earnings (284% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 215% to bring the payout ratio under control. EPS is expected to grow by 265% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 11
Power Integrations, Inc. announces Quarterly dividend, payable on June 30, 2026 Power Integrations, Inc. announced Quarterly dividend of USD 0.2150 per share payable on June 30, 2026, ex-date on May 29, 2026 and record date on May 29, 2026. Announcement • May 05
Power Integrations, Inc. Appoints Michael Balow as Senior Vice President, Worldwide Sales, Effective May 4, 2026 Power Integrations, Inc. announced the appointment of Michael Balow as Senior Vice President, Worldwide Sales, effective May 4, 2026. He joins the company’s executive management team with responsibility for leading the company's global sales organization, channel strategy and growth initiatives. Mr. Balow brings more than three decades of semiconductor sales and business development experience, most recently serving as executive vice president of sales at onsemi, leading a large global sales organization across the automotive, industrial, sensing and power solutions markets. Previously, he served as executive vice president of sales at Infineon Technologies after holding a similar position at Cypress Semiconductor, which was acquired by Infineon in 2020. His prior industry experience includes roles at Freescale Semiconductor and Integrated Device Technology (IDT). Mr. Balow holds a Bachelor of Science in applied mathematics from the University of Wisconsin-Stout. Announcement • Apr 22
Power Integrations, Inc., Annual General Meeting, Jun 03, 2026 Power Integrations, Inc., Annual General Meeting, Jun 03, 2026. Announcement • Apr 17
Power Integrations, Inc. to Report Q1, 2026 Results on May 07, 2026 Power Integrations, Inc. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Announcement • Mar 24
Power Integrations Introduces Topswitchgan Ics Extending Flyback Topology to 440 W Power Integrations introduced a breakthrough in flyback topology extending the power range of flyback converters to 440 W—well beyond the limits that traditionally required more complex resonant and LLC topologies. The new TOPSwitchGaN flyback IC family unites the company’s PowiGaN technology with its TOPSwitch IC architecture, reducing complexity, eliminating heat sinks in many cases, shortening design time, improving manufacturability, and lowering total system cost. The new TOPSwitchGaN flyback IC family extends the power range of flyback converters to 440 W—well beyond the limits that traditionally required more complex resonant and LLC topologies. TOPSwitchGaN ICs provide 92% efficiency across the load range—from 10% to 100% load—and easily beat European Energy-related Products (ErP) regulations at less than 50 mW power consumption for standby and off modes. The device does this without the need for synchronous rectification. They are ideal for high-end appliances, e-bike chargers, and industrial applications. PowiGaN switches deliver much lower RDS(ON) than silicon. This results in reduced conduction losses which dramatically increase the power capability of flyback converters. These new devices incorporate 800 V PowiGaN switches, which provide excellent surge withstand capabilities and low switching losses, meaning that they can operate at switching frequencies of up to 150 kHz to minimize transformer size. No-load consumption is well below 50 mW at 230 VAC including line sense, and up to 210 mW of output power is available for 300 mW input at 230 VAC to run housekeeping functions when units are in standby mode. The new ICs are available in two styles. For ultra-slim designs, low-profile eSOP-12 surface-mount packaging enables 135 W (85–265 VAC) to be delivered without a heat sink for applications such as appliances. The vertical orientation of the eSIP-7 package minimizes PCB footprint and has a thermal impedance equivalent to a TO-220-packaged part. By mounting a metal heat sink using a simple clip, the extended power range is achieved for applications including power tools, e-bikes, and garage openers. Because TOPSwitchGaN ICs are pin-to-pin compatible with TinySwitch-5 off-line switcher ICs, designers can use the same methodology for applications spanning 10 W up to 440 W. Pricing for TOPSwitchGaN starts at $1.00 for 10,000-unit quantities. The following reference design materials are available: DER-1079 – this kit uses TOP7074K to deliver a 60 W, wide-range isolated flyback PSU for appliances; DER-1019 – this kit details a 356 W highline (89 V /4 A) isolated flyback industrial PSU, based on TOP7078E; RDK-1018 – this e-bike charger kit is a 168 W wide-range isolated flyback design using TOP7075E. Announcement • Jan 20
Power Integrations, Inc. to Report Q4, 2025 Results on Feb 05, 2026 Power Integrations, Inc. announced that they will report Q4, 2025 results After-Market on Feb 05, 2026 Announcement • Jan 06
Power Integrations Appoints Chris Jacobs as Senior Vice President, Marketing and Product Strategy, Effective January 5, 2026 Power Integrations announced the appointment of Chris Jacobs as Senior Vice President for Marketing and Product Strategy, effective January 5, 2026. Chris Jacobs joins Power Integrations from Micron Technology, where he served most recently as Vice President and General Manager for the automotive, industrial/multi-market and consumer market segments of the company’s automotive & embedded business unit. Previously, Mr. Jacobs spent more than 25 years at Analog Devices, holding a succession of leadership roles including Vice President for marketing and business development in the company’s power IC and module business and Vice President and General Manager for the autonomous transportation & automotive safety business unit. Mr. Jacobs holds an MBA from Boston College, an MS in electrical engineering from Northeastern University and a BS in computer engineering from Clarkson University. He has also completed executive leadership programs at Stanford University and MIT. Announcement • Nov 25
Power Integrations Appoints Julie Currie as Chief People and Transformation Officer Power Integrations, Inc. announced the addition of tech-industry veteran Julie Currie to the company’s executive leadership team as chief people and transformation officer. Ms. Currie will lead the company’s people strategy including talent acquisition, leadership development, succession planning, organizational design, culture and enterprise transformation
Ms. Currie brings over 25 years of global experience leading organizational transformation across the technology sector. Prior to joining Power Integrations, she served as chief people officer at high-growth companies including GRAIL Biotech and Amplitude, and held senior leadership roles at Sony PlayStation, AMD, and Western Digital. She holds a BA in management and economics from the University of Guelph and has completed executive MBA coursework and a certificate in AI Strategy for Business Transformation at Northwestern University’s Kellogg School of Management. Announcement • Oct 22
Power Integrations, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Power Integrations, Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 05, 2025 Announcement • Oct 14
Power Integrations Details 1250 V and 1700 V PowiGaN Technology for Next-Generation 800 VDC AI Data Centers Power Integrations outlined the benefits of its PowiGaN™?gallium-nitride technology for next-generation AI data centers. The capabilities of 1250 V and 1700 V PowiGaN technology for 800 VDC power architectures are explained in a new white paper from Power Integrations, published at the 2025 OCP Global Summit in San Jose, where NVIDIA provided an update on the 800 VDC architecture. Power Integrations is collaborating with NVIDIA to accelerate the transition to 800 VDC power and megawatt-scale racks. The new white paper details the performance advantages of Power Integrations' industry-first 1250 V PowiGaN switch supports 1000 VC input voltage, while its SR ZVS operation provides greater than 90.3% of 12 V system efficiency in a liquid-cooled, fan-less 800 VDC architecture. Announcement • Aug 22
Power Integrations Rolls Out Reference Design Kit for Solar Race Cars Featuring High-Efficiency Gallium-Nitride IC Power Integrations is rolling out a new reference design kit tailored specifically for solar-powered race cars as 37 student teams prepare to race across the Outback in the Bridgestone World Solar Challenge starting August 24. RDK-85SLR includes everything needed to create a 46-watt power supply. Solar race car teams can get the kit free by registering online. The kit, RDK-85SLR, features the PI™? InnoSwitch™?3-AQ IC, which incorporates PI's PowiGaN™?gallium- nitride switch technology. The kit is inspired by a design created by PI's PowerPros online support engineers in collaboration with the ETH ZurichaCentauri team, whose #85 'Silvretta' challenger-class car is using the design to maximize efficiency in its auxiliary power supply. The design kit includes everything needed to create a46-watt power supply that delivers up to 80 watts for short periods--making it ideal for use as an auxiliary power supply in a solar race car. It employs the company's InnoSwitch3-AQ flyback power supply IC with a highly efficient PowiGaN switch and eliminates the need for a heatsink, enabling more compact, lightweight, and cost-effective designs. Contents of the kit include a sample power supply, four InnoSwitch3-A Q ICs, and an unpopulated PCB. It is backed by a report containing power supply and magnetics transformer build instructions, schematics, a PCB layout guide, a parts list and comprehensive performance data. Live tech support is available from Power Integrations' PowerPros team. Announcement • Jul 17
Power Integrations, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Power Integrations, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • May 06
Power Integrations' 1700 V Switcher Ic Delivers Reliability and Space-Saving Benefits in 800 V Bevs Power Integrations announced five new reference designs targeting 800 V automotive applications based on the company's 1700 V InnoSwitch™?3-AQ flyback switcher ICs. Spanning power levels from 16 W to 120 W, the designs leverage both wound and low-profile planar transformers and target automotive applications such as DC-DC bus conversion, inverter emergency power, battery management and power supplies for auxiliary systems. The designs feature Power Integrations' new wide-creepage InSOP™?-28G package, which supports 1000 VDC on the primary side while providing appropriate creepage and clearance between pins in pollution degree 2 environments. The InnoSwitch3-AQ IC, featuring a 1700 V silicon-carbide (SiC) switch, is an ideal solution for 800 V vehicles, simplifying manufacturing while enhancing overall system performance and reliability. Available from <URL>, the following reference designs are all isolated flyback converters based on the 1700 V-rated CV/CC InnoSwitch3-A Q switcher ICs. The three reference designs kits (RDKs) and two design example reports (DERs) are: RDK-994Q -- 35 W ultra-low-profile traction inverter gate-drive or emergency power supply with 40-1000 VDC input and 24 V output; RDK-1039Q -- 18 W power supply with planar transformer for traction inverter gate driver or emergency power supply; RDK-1054Q -- 120 W power supply with planar transformers, designed to shrink or eliminate heavy, bulky 12 V batteries; DER-1030Q -- 20 W four-output power supply--one emergency power supply (EPS) with 24.75 V output and three gate-drive power supplies with 25.5 V output; DER-1045Q -- 16 W four-output power supply-one 14 V EPS output and three gate-drive outputs with split +18 V /5 V rails. Power Integrations' 1700 V-rated SiC-based CV/CC InnoSwitch 3-AQ switching power supply ICs deliver up to 120 watts of output power. The highly integrated ICs reduce power supply bill of materials (BOM) count by as much as 50%, saving space, enhancing system reliability and easing component sourcing challenges. Devices start up with as little as 30 volts on the drain pin without external circuitry, which is often a critical requirement for functional safety. Additional protection features include input under-voltage, output over-voltage and over-current limiting. Power consumption is less than 15 mW at no-load. The ICs also incorporate synchronous rectification and a valley switching, discontinuous/continuous conduction mode (DCM/CCM)flyback controller capable of delivering greater than 91% efficiency. Pricing for the new 1700 V-rated InnoSwitch3- AQ switching power supply ICs starts at $6 per unit for 10,000-unit quantities. The reference design kits range from $50 to $100 per kit. Design engineers can enter a drawing to win one of the reference design kits at pages.power. Announcement • Apr 09
Power Integrations, Inc. to Report Q1, 2025 Results on May 12, 2025 Power Integrations, Inc. announced that they will report Q1, 2025 results After-Market on May 12, 2025 Announcement • Mar 20
Power Integrations, Inc., Annual General Meeting, May 15, 2025 Power Integrations, Inc., Annual General Meeting, May 15, 2025. Announcement • Mar 18
Power Integrations Launches TinySwitch-5 ICs for High-Efficiency Power Supplies Power Integrations announced TinySwitch™-5, extending the output power of the most popular family of integrated off-line switcher ICs to 175 W. The new TinySwitch-5 achieves up to 92% efficiency using basic diode rectification and optocoupler feedback. With more than six billion units sold around the world, TinySwitch ICs are widely used in bias and auxiliary supplies in appliance, computing, communications, industrial and medical applications. Designers have long appreciated TinySwitch products for their design simplicity and high efficiency—particularly at light load. TinySwitch ICs were the first to feature Power Integrations’ award-winning EcoSmart™ technology, which has saved an estimated 200 terawatt-hours of electricity since 1998 by slashing standby power waste. TinySwitch-5 switcher ICs feature an advanced control engine which seamlessly manages switching frequency and power delivery to maximize efficiency, even at light loads. This enables power supplies that easily meet the light-load power consumption limit of 300 mW, set by the European Commission Energy-related Products (ErP) Directive 2009/125/EC, while still delivering up to 220 mW output power for display, controls and communications functions. An enhanced thermal package means that TinySwitch-5 ICs can deliver up to 75 W without a heatsink, and line under- and over-voltage protection ensures robustness for use in countries with unstable mains power. Announcement • Mar 06
Power Integrations Announces New LLC Switcher IC from Power Integrations Delivers 1650 W of Continuous Output Power Power Integrations announced a two-fold increase in power output from the HiperLCS-2 chipset. Featuring advanced half-bridge switch technology and an innovative package, the new device can deliver up to 1650 W of continuous output power with over 98% efficiency. The new family member targets industrial power supplies as well as chargers for e-scooters and outdoor power tools, where its high efficiency and high level of integration reduce enclosure volume and eliminate the need for air vents and fans, enhancing reliability and resistance to dust and moisture. The highly integrated HiperLCS-2 family reduces component count and board area of half-bridge LLC resonant power converters by 30 to 60% in applications of 50 W and higher. The new IC increases continuous power to more than 1.6 kW and permits brief peak loads of 2.5 kW by leveraging a new, thermally efficient POWeDIP package. This package includes an electrically insulating, thermally conductive ceramic pad that can be easily attached to any flat, heat-sinking surface. It provides sufficient creepage to the package pins, enabling an overall thermal performance of less than 1 degree Celsius per watt. The primary-side HiperLCS2-HB devices in the chipset incorporate 600 V FREDFETs in a half-bridge configuration. Self-bias and start-up control enable operation without an external bias supply, reducing system cost and complexity. The companion IC in the chipset, the HiperLCS2-SR, incorporates a secondary-side master controller that provides optimized synchronous rectification (SR) to reduce output rectification losses. It also includes a FluxLink™ isolator for robust, high-speed feedback to the primary-side IC, eliminating the need for a slow and reliable optocoupler. This IC controls multi-mode burst operation, ensuring excellent light- and no-load performance while eliminating audible noise and reducing output ripple. To ensure high reliability, the IC also provides comprehensive fault protection. Pricing for HiperLCS-2 POWeDIP ICs starts at $5.39 for 10,000-unit quantities. Reference designs for a 1650 W DC-DC LLC half-bridge resonant converter (DER-1060), a 720 W DC-DC LLC Half-bridge resonant converter (der-978), and a 720 W PFC LLCPS with constant voltage and constant current mode control (DER-984) are available for download. Announcement • Feb 09
Power Integrations, Inc. Announces Retirement of Balu Balakrishnan as CEO Power Integrations, Inc. announced that Balu Balakrishnan, the company’s CEO since 2002, will retire from that role once a successor is in place. The company’s board of directors has retained an executive search firm to assist in identifying its next CEO; both internal and external candidates will be considered. Mr. Balakrishnan, 70, intends to serve as executive chairman of the company’s board for as long as is needed to ensure a smooth transition to his successor, and is expected to remain on the board of directors thereafter. Mr. Balakrishnan joined Power Integrations in 1989, shortly after its formation, from National Semiconductor, where he was a product-line manager. He is the inventor of many Power Integrations products including TOPSwitch, the company’s first commercial product, followed by TinySwitch™, the first product to feature the company’s renowned EcoSmart™ technology for reducing standby-power waste. Mr. Balakrishnan served in a succession of executive roles before being named president and chief operating officer in 2001. In 2002 he was named CEO and joined the company’s board of directors. He has been awarded more than 200 U.S. patents and has received numerous awards including the Discover Award for Technological Innovation in recognition of the environmental benefits of EcoSmart technology. Announcement • Feb 08
Power Integrations, Inc. Announces Retirement of Balu Balakrishnan as President Power Integrations, Inc. announced that on February 3, 2025, Balu Balakrishnan notified the Company that he intends to retire from his position as president. His decision to retire was not the result of any dispute or disagreement with the company or the board. Mr. Balakrishnan will continue to serve as president and chief executive officer until such time that the company’s board of directors appoints a new chief executive officer. Mr. Balakrishnan will continue to serve as Chairman of the Board during this transition and thereafter is expected to remain a member of the board of directors. Announcement • Feb 07
Power Integrations, Inc. Provides Financial Guidance for the First Quarter of 2025 Power Integrations, Inc. provided financial guidance for the first quarter of 2025. For the quarter, the company's Revenues are expected to be flat compared to the fourth quarter of 2024, plus or minus 5%. Announcement • Feb 06
Power Integrations Names Gregg Lowe to Its Board of Directors on February 15, 2025 Power Integrations announced that Gregg Lowe will join the company’s board of directors on February 15, 2025. From 2017 until 2024 Mr. Lowe was CEO of Wolfspeed, Inc., where he led the company’s transition to a pure-play manufacturer of silicon-carbide solutions for high-power applications. Previously, he was CEO of Freescale Semiconductor from 2012 until its 2015 merger with NXP Semiconductors. Earlier, he had a 27-year career at Texas Instruments, serving in a succession of leadership roles across field sales, automotive sales, marketing, and integrated circuits, culminating in the role of senior vice president and manager of the company’s analog business, where he helped direct the acquisition of National Semiconductor. Mr. Lowe currently serves on the boards of Silicon Labs and North Carolina A&T University, and is chairman of the board of the Rock and Roll Hall of Fame Museum. He holds a Bachelor of Science degree in electrical engineering from the Rose-Hulman Institute of Technology and has completed the Stanford Executive Program at Stanford University. Announcement • Jan 23
Power Integrations, Inc. Latest MotorXpert Software Drives FOC Motors Without Shunts or Sensors Power Integrations, Inc. announced MotorXpert™ v3.0, a software suite for configuration, control and sensing of BLDC inverters that utilize the company’s BridgeSwitch™ motor-driver ICs. The latest release of the software incorporates Power Integrations’ shuntless and sensorless technology for field-oriented control (FOC), adding support for advanced modulation schemes and unconditional startup under any load condition, along with significant improvements to the host user interface and debugging tools. Cristian Ionescu-Catrina, product marketing manager at Power Integrations said: ‘MotorXpert simplifies single- and three-phase sensorless motor-drive designs. In this version 3.0 release, the company have added a two-phase modulation scheme, which is ideal for applications that work in high temperature environments such as hot-water circulation pumps. The new modulation reduces inverter switching losses by 33%. Version 3.0 also features a five-fold improvement to waveform visualization tool and an enhanced zoom function, giving developers substantially more information for motor tuning and debugging.’ MotorXpert 3.0 comprises three main sections: Sophisticated mathematical algorithms resident on the local MCU or DSP construct accurate feedback signals from the BridgeSwitch IC and provide real-time control of the switching patterns. A host-side application interprets inverter actions and displays critical data in actionable format for engineering analysis. The easy-to-use control interface permits development engineers to experiment and quickly converge to a final product. MotorXpert suite is MCU-agnostic and includes a comprehensive porting guide to simplify deployment with a wide range of MCUs. It is implemented in common C language to MISRA standards. The MotorXpert v3.0 host-side application includes a graphical user interface with Power Integrations’ digital oscilloscope visualization tool that makes it easy to design and configure parameters and operation and simplifies debugging. Parameter tool tips and a tuning assistant improve the development process, and the intuitive parameter list provides easy motor tuning. The new version also features both V/F and I/F control, which permits motor startup in any load condition. A selectable two-phase modulation scheme allows developers to trade off temperature of the inverter vs torque ripple which is beneficial in applications such as hot water circulation pumps, reducing heatsinking requirements and enclosure cost. Development time is greatly reduced by the included single- and three-phase code libraries with sensorless support, reference designs, and other tools such as a power supply design and analysis tool. The BridgeSwitch IC is a half-bridge motor driver of low RDSON FREDFET switches, controllers and drivers in a thermally efficient package. Sensorless feedback, fault reporting, and self and load protection are also available for applications from 30 W to 1 HP (750 W). Applications include indoor and outdoor air conditioning fans, refrigerator compressors, fluid pumps, washing machine and dryer drums, range hoods, industrial fans and heat pumps. Availability & Resources: MotorXpert v3.0 is available at no cost with an end-user license agreement. The software suite comes with a quick start guide, software manual, MCU porting guide, single- and three-phase software libraries and a video tutorial. Announcement • Jan 14
Power Integrations, Inc. to Report Q4, 2024 Results on Feb 06, 2025 Power Integrations, Inc. announced that they will report Q4, 2024 results After-Market on Feb 06, 2025 Announcement • Dec 18
Power Integrations, Inc. Targets 800 V Automotive Applications with New Wide-Creepage Switcher IC Power Integrations introduced a wide-creepage package option for its InnoSwitch™3-AQ flyback switcher IC for automotive applications. A wide drain-to-source-pin creepage distance of 5.1 mm eliminates the need for conformal coating, making the IC compliant to the IEC60664-1 standard in 800 V vehicles while simplifying manufacturing and increasing system reliability. Mike Stroka, product marketing engineer at Power Integrations, said: “Automotive designers rely on the efficiency and low component count of high-voltage power supplies designed around InnoSwitch3-AQ ICs. The increased primary-to-primary creepage and clearance distance between the drain and source pins in the new package provides support for the next generation of EV bus voltages. Power Integrations’ unique InSOP™-28G package enables 1000 VDC to be provided to the primary side, while keeping all other pins safely isolated in pollution degree 2 environments.” The 1700 V-rated CV/CC InnoSwitch3-AQ switching power supply ICs incorporate a silicon carbide (SiC) primary switch capable of delivering up to 80 watts of output power. The highly integrated ICs reduce the number of components required to implement a power supply by as much as 50%, saving space, enhancing system reliability and mitigating component sourcing challenges. An increased drain-pin width is beneficial in withstanding high levels of shock and vibration, especially in eAxle automotive applications. The new members of the InnoSwitch3-AQ family will start up with as little as 30 volts on the drain without external circuitry—which is critical for functional safety. Additional protection features include input under-voltage, output over-voltage and over-current limiting. Synchronous rectification and a multi-mode valley switching, discontinuous/continuous conduction mode (DCM/CCM) flyback controller deliver greater than 90% efficiency. Devices consume less than 15 mW at no-load. Target automotive applications include battery management systems, µDC-DC converters, control circuits and emergency power supplies in the main traction inverter. The new ICs also have improved functionality for remote on/off. Pricing for the new 1700 V-rated InnoSwitch3-AQ switching power supply ICs starts at $6 per unit for 10,000-unit quantities. Sample ICs are available now with full production in the first quarter of 2025. New Risk • Nov 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €663k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (9.3% net profit margin). Significant insider selling over the past 3 months (€663k sold). Recent Insider Transactions • Nov 15
Vice President of Marketing recently sold €521k worth of stock On the 11th of November, Douglas Bailey sold around 9k shares on-market at roughly €61.00 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €15m more than they bought in the last 12 months. Declared Dividend • Nov 10
Third quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 29th November 2024 Payment date: 31st December 2024 Dividend yield will be 1.3%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not covered by earnings (122% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 35% to bring the payout ratio under control. EPS is expected to grow by 104% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.25 (vs US$0.34 in 3Q 2023) Third quarter 2024 results: EPS: US$0.25 (down from US$0.34 in 3Q 2023). Revenue: US$115.8m (down 7.7% from 3Q 2023). Net income: US$14.3m (down 28% from 3Q 2023). Profit margin: 12% (down from 16% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Nov 05
Power Integrations Launches 1700 V GaN Switcher IC, Setting New Benchmark for Gallium Nitride Technology Power Integrations introduced a new member of its InnoMux™-2 family of single-stage, independently regulated multi-output offline power supply ICs. The new device features the industry’s first 1700 V gallium nitride switch, fabricated using the company’s proprietary PowiGaN™ technology. The 1700 V rating further advances the for GaN power devices, previously set by Power Integrations’ own 900 V and 1250 V devices, both launched in 2023. The 1700 V InnoMux-2 IC easily supports 1000 VDC nominal input voltage in a flyback configuration and achieves over 90% efficiency in applications requiring one, two or three supply voltages. Each output is regulated within one percent accuracy, eliminating post regulators and further improving system efficiency by approximately ten percent. The new device replaces expensive silicon carbide (SiC) transistors in power supply applications such as automotive chargers, solar inverters, three-phase meters and a wide variety of industrial power systems. Pricing for InnoMux-2 1700 V ICs starts at $4.90 for 10,000-unit quantities. A reference design, RDR-1053, which describes a 60 W dual-output (5 V and 24 V) power supply, can be downloaded from the Power Integrations website at no cost. For sample ICs, evaluation boards and further information, contact a Power Integrations sales representative or one of the company’s authorized worldwide distributors – DigiKey, Newark, Mouser and RS Components, or visit power.com. Announcement • Oct 11
Power Integrations, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Power Integrations, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Upcoming Dividend • Aug 26
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 30 September 2024. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (1.1%). Declared Dividend • Aug 12
Second quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 30th August 2024 Payment date: 30th September 2024 Dividend yield will be 1.4%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is covered by cash flows (84% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 123% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Aug 08
Power Integrations, Inc. announces Quarterly dividend, payable on September 30, 2024 Power Integrations, Inc. announced Quarterly dividend of USD 0.2000 per share payable on September 30, 2024, ex-date on August 30, 2024 and record date on August 30, 2024. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.085 (vs US$0.26 in 2Q 2023) Second quarter 2024 results: EPS: US$0.085 (down from US$0.26 in 2Q 2023). Revenue: US$106.2m (down 14% from 2Q 2023). Net income: US$4.85m (down 67% from 2Q 2023). Profit margin: 4.6% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Aug 07
Power Integrations, Inc. Provides Financial Guidance for the Third Quarter of 2024 Power Integrations, Inc. provided financial guidance for the third quarter of 2024. The company expects revenues to be $115 million plus or minus $5 million. Announcement • Jul 16
Power Integrations, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Power Integrations, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Announcement • Jul 02
Power Integrations, Inc. (NasdaqGS:POWI) completed the acquisition of assets of Odyssey Semiconductor Technologies (OTCQB: ODII). Power Integrations, Inc. (NasdaqGS:POWI) agreed to acquire assets of Odyssey Semiconductor Technologies (OTCQB: ODII) on May 7, 2024. As per the terms, all key Odyssey employees are expected to join Power Integrations’ technology organization. Odyssey Semiconductor Technologies stockholders approved the Asset Sale. The transaction is expected to close in July 2024.
Power Integrations, Inc. (NasdaqGS:POWI) completed the acquisition of assets of Odyssey Semiconductor Technologies (OTCQB: ODII) on July 1, 2024. Upcoming Dividend • May 27
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 28 June 2024. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (1.0%). Announcement • May 22
Power Integrations Launches Single-Board Plug-and-Play Gate Drivers for 1.2 kV to 2.3 kV “New Dual” IGBT Modules Power Integrations announced the launch of the SCALE-iFlex™ XLT family of dual-channel plug-and-play gate drivers for operation of single LV100 (Mitsubishi), XHP™ 2 (Infineon), HPnC (Fuji Electric) and equivalent semiconductor modules up to 2300 V blocking voltage for wind, energy storage and solar renewable energy installations. This single-board driver enables active thermal management of inverter modules for improved system utilization and reduces the bill-of-material count for increased reliability. SCALE-iFlex XLT dual-channel gate drivers feature Negative Temperature Coefficient (NTC) data reporting – an isolated temperature measurement of the power module – which allows accurate thermal management of converter systems. This enables system designers to optimize thermal design and obtain a 25% to 30% converter power increase from the same hardware. The isolated NTC readout also reduces hardware complexity, eliminating multiple cables, connectors and additional isolation barrier crossing circuits. The new gate drivers employ Power Integrations’ SCALE-2 chip set which minimizes component count, enhancing reliability. The gate driver board also protects the power switches in the event of a short-circuit. SCALE-iFlex XLT plug-and-play gate drivers are available for sampling now. Please contact local sales representative for pricing. Recent Insider Transactions • May 16
Vice President of Marketing recently sold €454k worth of stock On the 13th of May, Douglas Bailey sold around 6k shares on-market at roughly €71.41 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €624k. Insiders have been net sellers, collectively disposing of €20m more than they bought in the last 12 months. Declared Dividend • May 13
First quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 31st May 2024 Payment date: 28th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.07 (vs US$0.12 in 1Q 2023) First quarter 2024 results: EPS: US$0.07 (down from US$0.12 in 1Q 2023). Revenue: US$91.7m (down 14% from 1Q 2023). Net income: US$3.95m (down 43% from 1Q 2023). Profit margin: 4.3% (down from 6.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Apr 09
Power Integrations, Inc. to Report Q1, 2024 Results on May 07, 2024 Power Integrations, Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Recent Insider Transactions • Apr 05
President recently sold €624k worth of stock On the 2nd of April, Balu Balakrishnan sold around 10k shares on-market at roughly €63.71 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €660k. Balu has been a net seller over the last 12 months, reducing personal holdings by €7.3m. Announcement • Mar 30
Power Integrations, Inc., Annual General Meeting, May 17, 2024 Power Integrations, Inc., Annual General Meeting, May 17, 2024, at 14:00 Pacific Standard Time. Agenda: To elect to the Board of Directors of Power Integrations the seven nominees named in the proxy statement accompanying this Notice as directors to serve until the 2025 annual meeting of stockholders and until their successors are duly elected and qualified; to approve, on an advisory basis, the compensation of Power Integrations' named executive officers, as disclosed in this proxy statement; to ratify the selection by the Audit Committee of the Board of Deloitte & Touche LLP as the independent registered public accounting firm of Power Integrations for the fiscal year ending December 31, 2024; and to consider other business issues. Announcement • Feb 27
Power Integrations Announces InnoMux-2 Family of Single-Stage, Independently Regulated Multi-Output Offline Power-Supply ICs Power Integrations announced the InnoMux-2 family of single-stage, independently regulated multi-output offline power-supply ICs. InnoMux-2 ICs consolidate AC-DC and downstream DC-DC conversion stages into a single chip, providing up to three independently regulated outputs for use in white goods, industrial systems, displays and other applications requiring multiple voltages. Elimination of separate DC-DC stages slashes component count, reduces PCB footprint and increases efficiency by as much as 10% points compared to traditional two-stage architectures. Efficiency is aided by the ICs’ 750 V PowiGaN gallium-nitride transistors, zero-voltage switching (without an active clamp) and synchronous rectification. InnoMux-2 ICs deliver up to 90 watts of output power with accurate regulation of better than ±3% across the full input line, load, temperature and differential current step conditions. Total power system efficiency (AC to regulated low-voltage DC segment) is above 90%; the advanced InnoMux-2 controller also manages light-load power delivery, avoiding the need for pre-load resistors and reducing no-load consumption to less than 30 mW. This conserves power for necessary functionality in applications subject to the 300 mW allowance for standby usage under the European energy-using product (EuP) regulations. InnoMux-2 devices leverage Power Integrations’ thermally efficient InSOP24 and InSOP28 packages with PCB cooling, so no heatsink is required. Device options include dual- and three-output constant voltage (CV); optionally, one output may be dedicated to constant current (CC) drive, suitable for powering LEDs in displays or for high-speed charging of an internal battery. Typical applications include TVs, monitors, appliances, networking, home and building automation, LED emergency lighting and industrial power supplies. Availability & Resources: Pricing for InnoMux-2 IMX2174F devices starts at $1.11 for 50,000-unit quantities. Data sheets, three reference design reports and an introduction video are immediately available for download or viewing: InnoMux2-EP family data sheet; InnoMux2-BL family data sheet; IML204DG data sheet (four-channel LED backlight controller IC to partner with InnoMux2-BL for computer monitors); DER-714: a 52 W TV design with one CV and one CC output; DER-715: a 23 W monitor design with one CV and four CC outputs; and DER-716: a 62 W industrial and appliance design with three CV outputs. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 29 March 2024. Payout ratio and cash payout ratio are on the higher end at 79% and 98% respectively. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.2%). In line with average of industry peers (1.2%). Recent Insider Transactions • Feb 18
President recently sold €660k worth of stock On the 13th of February, Balu Balakrishnan sold around 9k shares on-market at roughly €72.84 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.4m. Balu has been a net seller over the last 12 months, reducing personal holdings by €7.4m. Declared Dividend • Feb 12
Fourth quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 28th February 2024 Payment date: 29th March 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 54% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: US$0.97 (vs US$2.96 in FY 2022) Full year 2023 results: EPS: US$0.97 (down from US$2.96 in FY 2022). Revenue: US$444.5m (down 32% from FY 2022). Net income: US$55.7m (down 67% from FY 2022). Profit margin: 13% (down from 26% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Announcement • Feb 09
Power Integrations, Inc. Provides Earnings Guidance for the First Quarter of 2024 Power Integrations, Inc. provided earnings guidance for the first quarter of 2024. Revenues are expected to be $90 million plus or minus $5 million. Recent Insider Transactions • Feb 08
President recently sold €437k worth of stock On the 5th of February, Balu Balakrishnan sold around 6k shares on-market at roughly €69.47 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.4m. Balu has been a net seller over the last 12 months, reducing personal holdings by €7.2m. Announcement • Jan 30
Power Integrations, Inc. Introduces InnoSwitch5 Offline Flyback Switcher IC Power Integrations, Inc. announced the release of the InnoSwitch5-Pro family of high-efficiency, programmable flyback switcher ICs. The single-chip switcher achieves over 95% efficiency with a novel secondary-side control scheme which achieves zero-voltage switching (ZVS) without a dedicated and costly additional high-voltage switch. The new IC, which features a 750 V or a 900 V PowiGaN primary switch, primary-side controller, FluxLink isolated feedback and secondary controller with an I2C interface, optimizes the design and manufacture of compact, highly efficient single- or multi-port USB PD adapters. Applications are notebooks, high-end cellphones and other portable consumer products, including designs that require the new USB PD EPR (Extended Power Range) protocol. InnoSwitch5-Pro flyback switcher ICs feature lossless input line voltage sensing on the secondary side for adaptive DCM/CCM and ZVS control to maximize efficiency and simplify design across line and load. The ICs also feature a post-production tolerance offset to facilitate accurate output constant-current (CC) control of better than two% to support the UFCS protocol. Excellent efficiency - better than 95% - allows designers to eliminate heat sinks, spreaders and potting materials for thermal management, further reducing size, weight, component cost and manufacturing complexity. Key markets for the InnoSwitch5-Pro family of flyback switcher ICs include high-density USB PD 3.1 Extended Power Range (EPR), UFCS and multi-protocol adapters, notebook adapters and after-market single- and multi-port chargers and adapters. Announcement • Jan 18
Power Integrations, Inc. to Report Q4, 2023 Results on Feb 08, 2024 Power Integrations, Inc. announced that they will report Q4, 2023 results After-Market on Feb 08, 2024 Recent Insider Transactions • Dec 04
President recently sold €3.4m worth of stock On the 29th of November, Balu Balakrishnan sold around 47k shares on-market at roughly €70.76 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Balu has been a net seller over the last 12 months, reducing personal holdings by €8.6m. Recent Insider Transactions • Nov 29
Chief Technology Officer & VP recently sold €500k worth of stock On the 22nd of November, David M. Matthews sold around 7k shares on-market at roughly €71.49 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €774k. Insiders have been net sellers, collectively disposing of €16m more than they bought in the last 12 months. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.20 per share at 1.0% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 67% and the cash payout ratio is 81%. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.2%). Recent Insider Transactions • Nov 19
Chief Technology Officer & VP recently sold €384k worth of stock On the 14th of November, David M. Matthews sold around 5k shares on-market at roughly €70.15 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €774k. Insiders have been net sellers, collectively disposing of €16m more than they bought in the last 12 months. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$0.34 (vs US$0.80 in 3Q 2022) Third quarter 2023 results: EPS: US$0.34 (down from US$0.80 in 3Q 2022). Revenue: US$125.5m (down 22% from 3Q 2022). Net income: US$19.8m (down 57% from 3Q 2022). Profit margin: 16% (down from 29% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Oct 14
Power Integrations, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Power Integrations, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Announcement • Sep 13
Power Integrations Launches New Non-Isolated Flyback Switcher ICs with Best-in-Class Efficiency and Light-Load Operation for Small Power Supplies Power Integrations announced the LinkSwitch™?-XT2SR family of off-line, constant-voltage (CV), non-isolated flyback switcher ICs. The new devices feature exceptionally high efficiency of up to 90% for small open-frame power supplies. With no-load consumption below 5 mW, LinkSwitch-XT2SR ICs easily surpass the requirements of the European Union's Energy-Related Products (ErP) Directive for standby power consumption. The new ICs deliver 250 mW to the load within the 300 mW ErP allowance, enabling designers of appliances and industrial systems to operate more system functionality in standby mode, enhancing the user experience and saving energy. Capable of delivering up to 15 W at 230 VAC, LinkSwitch-XT2 SR multi-output flyback switcher ICs reduce component count by incorporating a synchronous rectifier driver and an auxiliary, low-current, uVcc output to directly supply an MCU. Advanced protection and safety features include hysteretic thermal shutdown (OTP) and extended creepage between the drain pin and all other pins, improving field reliability. The 725 V MOSFET provides excellent surge withstand performance, while a 900 V switch is available for industrial applications and for geographies where fluctuating mains voltages call for extra safety margin. LinkSwitch-XT2SRICs prices start at $0.50 each in 1,000-unit quantities. Supporting materials include: RDK-962, a reference design (hardware) kit for a 12 W power supply with 90 to 265 VAC input and dual 5 V/1.4 A and 12 V /0.42 A outputs; DER-963, a design example report which describes an 85 to 265 VAC input, 5 V /1 A output, 5 W non-isolated flyback converter; DER-998, a design example report which details a 90 to 265 VAC input, 12 V /1 A or 6 V /1 A output power supply with 12 V or 6 V selectable output voltage; LinkSwitch-XT2SR data sheet; and a LinkSwitch-XT2SR video. Recent Insider Transactions • Aug 25
Chief Technology Officer & VP recently sold €658k worth of stock On the 22nd of August, David M. Matthews sold around 9k shares on-market at roughly €76.13 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.8m. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.19 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.1%). Recent Insider Transactions • Aug 13
Independent Director recently sold €461k worth of stock On the 9th of August, Nicholas Brathwaite sold around 6k shares on-market at roughly €76.88 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.8m. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months. Announcement • Aug 05
Power Integrations, Inc. Announces Dividend, Payable on September 29, 2023 Power Integrations, Inc. will pay a dividend of $0.19 per share on September 29, 2023, to stockholders of record as of August 31, 2023. New Risk • Aug 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (18% net profit margin). Significant insider selling over the past 3 months (€4.1m sold). Announcement • Aug 04
Power Integrations, Inc. Provides Earnings Guidance for the Third Quarter of 2023 Power Integrations, Inc. provided earnings guidance for the third quarter of 2023. For the quarter, the company’s revenues are expected to be $130 million plus or minus $5 million. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.97 in 2Q 2022) Second quarter 2023 results: EPS: US$0.26 (down from US$0.97 in 2Q 2022). Revenue: US$123.2m (down 33% from 2Q 2022). Net income: US$14.8m (down 74% from 2Q 2022). Profit margin: 12% (down from 30% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Jul 18
Power Integrations, Inc. to Report Q2, 2023 Results on Aug 03, 2023 Power Integrations, Inc. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 Recent Insider Transactions • Jun 02
Insider recently sold €378k worth of stock On the 26th of May, Necip Sayiner sold around 5k shares on-market at roughly €84.04 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €719k. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Upcoming Dividend • May 23
Upcoming dividend of US$0.19 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.0%). Recent Insider Transactions • May 21
Vice President of Marketing recently sold €76k worth of stock On the 17th of May, Douglas Bailey sold around 1k shares on-market at roughly €76.12 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €719k. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Announcement • May 06
Power Integrations, Inc. Provides Revenue Guidance for the Second Quarter of 2023 Power Integrations, Inc. provided revenue guidance for the second quarter of 2023. The company expects revenues to be $122 million plus or minus $5 million. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.12 (vs US$0.78 in 1Q 2022) First quarter 2023 results: EPS: US$0.12 (down from US$0.78 in 1Q 2022). Revenue: US$106.3m (down 42% from 1Q 2022). Net income: US$6.88m (down 85% from 1Q 2022). Profit margin: 6.5% (down from 25% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.