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

Power Integrations, Inc. (NASDAQ:POWI) declared a quarterly dividend on Wednesday, November 27th,Zacks Dividends reports. Shareholders 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 annualized dividend and a yield of 1.30%. The ex-dividend date 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 annually for the last 12 consecutive years. Power Integrations has a payout ratio of 54.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Power Integrations to earn $0.90 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 93.3%.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $64.77 on Thursday. Power Integrations has a 1 year low of $56.63 and a 1 year high of $89.68. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 98.14, a PEG ratio of 7.37 and a beta of 1.10. The company has a 50-day moving average of $63.05 and a 200 day moving average of $67.46.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The business had revenue of $115.84 million for the quarter, compared to analysts’ expectations of $114.83 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Power Integrations will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

POWI has been the topic of a number of recent research reports. TD Cowen cut their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Susquehanna reduced their price objective on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research note on Thursday, November 7th. Benchmark reiterated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, November 8th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Insider Activity

In other news, VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares of the company’s stock, valued at $5,610,920. This represents a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.