Power Integrations IncPOWI

NasdaqTechnologySemiconductors & Related Devices
Price (close)
$50.78
Market cap
$2.8B
P/E
113.2x
Revenue (TTM)
$449.4M
Net income
$25.1M
Dividend yield
1.68%
1-year total return
30.4%
Net margin
5.6%
Revenue growth
1.6%
Debt / equity
—

What Power Integrations Inc does.

We design, develop and market analog and mixed-signal integrated circuits (“ICs”) and other electronic components and circuitry used in high-voltage power conversion. Our products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use. In most cases, this conversion entails, among other functions, converting alternating current (“AC”) to direct current (“DC”) or vice versa, reducing or increasing the voltage, and regulating the output voltage and/or current according to the customer’s specifications.

A large percentage of our products are ICs used in AC-DC power supplies, which convert the high-voltage AC from a wall outlet to the low-voltage DC required by most electronic devices. Power supplies incorporating our products are used with all manner of electronic products including industrial controls, “smart” utility meters, appliances, air conditioners, battery-powered tools, building-automation, or “internet-of-things” applications such as networked thermostats and security devices, and mobile devices such as smartphones, tablets and notebook computers. Variations of our power-supply ICs are used for high-voltage power conversion in electric vehicles (“EVs”). We also supply high-voltage LED drivers, which are AC-DC ICs specifically designed for lighting applications that utilize light-emitting diodes, and motor-driver ICs for brushless DC (“BLDC”) motors used in consumer appliances, HVAC systems, ceiling fans and a variety of industrial applications.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$488.3M$703.3M$651.1M$444.5M$419.0M$443.5M
Net income$71.2M$164.4M$170.9M$55.7M$32.2M$22.1M
Free cash flow$55.0M$183.6M$176.1M$44.9M$63.9M$87.1M

More on POWI.

Figures from Power Integrations Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.