Admittedly, the power components segment of the semiconductor market isn't the most exciting, and Power Integrations (NASDAQ:POWI) doesn't have the best performance record relative to the PHLX Semiconductor index over the years. That said, the company has managed to grow revenue relatively consistently and generate decent returns on capital despite erratic margins.
Looking ahead, there are definitely opportunities for Power Integrations to drive more growth. The company is under-exposed to industrial markets like industrial controls and drives, automation, inverters, and electric/battery-powered tools and vehicles, but new products should drive share growth. Growth markets like rapid charging and LED drivers also provide attractive opportunities for this small cash-rich company.
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Power Integrations Looking To Grow Share In Growing Markets