Power Integrations, Inc. (POWI) to Issue Quarterly Dividend of $0.21 on December 31st

Power Integrations, Inc. (NASDAQ:POWI) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.21 per share by the semiconductor company on Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20.

Power Integrations has increased its dividend payment by an average of 22.4% per year over the last three years and has raised its dividend every year for the last 11 years. Power Integrations has a dividend payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Power Integrations to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 70.8%.

Power Integrations Price Performance

Shares of Power Integrations stock traded down $0.05 during midday trading on Friday, reaching $65.33. The company had a trading volume of 50,062 shares, compared to its average volume of 406,631. The stock has a fifty day moving average price of $62.30 and a 200 day moving average price of $68.00. Power Integrations has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The firm has a market cap of $3.71 billion, a PE ratio of 87.28, a P/E/G ratio of 5.10 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The firm had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.02 million. During the same quarter in the previous year, the company earned $0.27 EPS. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. As a group, sell-side analysts forecast that Power Integrations will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on POWI shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price target (down previously from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, TD Cowen dropped their price objective on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Power Integrations has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the sale, the vice president now directly owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 2,398 shares of company stock valued at $157,847. Corporate insiders own 1.50% of the company’s stock.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.