bearish
Power Integrations Inc (POWI) - Wednesday, Mar 20, 2024
SUMMARY
- Power Integrations (POWI) is facing persistently low earnings quality over the past five quarters due to a channel inventory adjustment, which they claim is almost complete
- Revenues have dropped by 37% since 2021, casting doubt on whether the adjustment fully explains the decline
- Financial performance in 2024 could lead to a shift in the investment narrative towards normalized revenues below recent peaks and increased competition from Chinese semiconductor vendors, potentially affecting earnings and forward multiples
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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