Power Integrations, Inc. (NASDAQ:POWI) Announces $0.21 Quarterly Dividend

Power Integrations, Inc. (NASDAQ:POWI) declared a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.21 per share by the semiconductor company on Monday, March 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, February 28th.

Power Integrations has increased its dividend payment by an average of 14.5% per year over the last three years and has raised its dividend every year for the last 12 years. Power Integrations has a dividend payout ratio of 39.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Power Integrations to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 57.1%.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $59.68 on Friday. The business has a fifty day moving average of $62.59 and a 200-day moving average of $63.40. Power Integrations has a twelve month low of $56.63 and a twelve month high of $85.00. The firm has a market cap of $3.39 billion, a PE ratio of 104.70, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. On average, analysts anticipate that Power Integrations will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on POWI. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Susquehanna lowered their price target on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Transactions at Power Integrations

In other Power Integrations news, CFO Sandeep Nayyar sold 5,152 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the transaction, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at $6,706,435.50. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Clifford Walker sold 2,472 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total transaction of $150,174.00. Following the transaction, the vice president now owns 142,145 shares of the company’s stock, valued at approximately $8,635,308.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,680 shares of company stock worth $2,420,526 over the last quarter. Company insiders own 1.70% 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.