Power Integrations, Inc. (NASDAQ:POWI) Declares Dividend Increase – $0.21 Per Share

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

Power Integrations has raised its dividend 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% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

POWI stock traded down $0.05 during mid-day trading on Friday, hitting $65.33. The company had a trading volume of 50,062 shares, compared to its average volume of 406,631. The firm has a market cap of $3.71 billion, a PE ratio of 87.28, a price-to-earnings-growth ratio of 5.10 and a beta of 1.10. Power Integrations has a 12 month low of $56.63 and a 12 month high of $89.68. The stock’s fifty day moving average price is $62.30 and its two-hundred day moving average price is $68.00.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on POWI shares. Northland Capmk raised 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. TD Cowen lowered their price target on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, August 12th. Finally, Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.00.

Insider Transactions at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 51,899 shares in the company, valued at $3,420,144.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 2,398 shares of company stock valued at $157,847. 1.50% of the stock is currently owned by company insiders.

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.