2024-02-12 16:20:12 ET
Summary
- Power Integrations is a high-voltage semiconductor company that has historically outperformed the market but has recently underperformed.
- The company's recent earnings showed a decline in revenues and profits, but it has made progress in its GaN technology and product development.
- Power Integrations has a competitive advantage in its advanced technology and strong IP protection, and it is well-positioned for growth in markets like electric vehicles and renewable power systems.
Power Integrations ( POWI ) is a company we have covered several times, given that it does not receive the attention that we think it deserves. While we started coverage noting the high valuation it was trading at mid-2021, we have become more optimistic with our last article published about a year ago giving a 'Buy' rating. Shares have remained at similar levels and have significantly underperformed the market, which motivated us to update our analysis, including the most recent earnings information....
Read the full article on Seeking Alpha
For further details see:
Power Integrations: Still Working Its Way Through An Inventory Correction